Company registration number 14350914 (England and Wales)
MYSANITAS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
MYSANITAS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
MYSANITAS LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
31 March 2025
31 December 2023
Notes
£
£
£
£
Fixed assets
Investments
3
100
100
Current assets
Debtors
4
759,837
1,000
Cash at bank and in hand
4,567
1
764,404
1,001
Creditors: amounts falling due within one year
5
(124,391)
-
Net current assets
640,013
1,001
Total assets less current liabilities
640,113
1,101
Creditors: amounts falling due after more than one year
6
(607,034)
(100)
Net assets
33,079
1,001
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
33,078
1,000
Total equity
33,079
1,001
For the financial period ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 29 August 2025
Mr A Alaba
Director
Company registration number 14350914 (England and Wales)
MYSANITAS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information
Mysanitas Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Elthorne Gate, 64 High Street, Pinner, England, HA5 5QA.
1.1
Reporting period
These financial statements cover a period of fifteen months ended. The comparative figures cover the company’s first accounting period, which was for one year and nineteen days ended. As a result, the amounts presented in the financial statements including the related notes are not directly comparable between the two periods.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
1.3
Going concern
Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.
When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.
MYSANITAS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.4
Fixed asset investments
Investments in subsidiary undertakings are recognised at cost.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
The company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102,' The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2025
2023
Number
Number
Total
1
1
3
Fixed asset investments
2025
2023
£
£
Shares in group undertakings and participating interests
100
100
4
Debtors
2025
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
723,240
1,000
Other debtors
30,687
Prepayments and accrued income
5,910
759,837
1,000
MYSANITAS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 4 -
5
Creditors: amounts falling due within one year
2025
2023
£
£
Bank loans
34,266
Other creditors
90,125
124,391
6
Creditors: amounts falling due after more than one year
2025
2023
Notes
£
£
Bank loans and overdrafts
607,034
Other creditors
100
607,034
100
7
Directors' transactions
Dividends totalling £91,270 (2023 - £18,000) were paid in the period in respect of shares held by the company's directors.
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Closing balance
£
£
£
£
Mr A Alaba -
2.25
(100)
29,813
974
30,687
(100)
29,813
974
30,687
The closing balance is the total loans taken by the director. This was the maximum amount of the loan outstanding at any point in the year. Interest on the loans was charged at the official rate. The loans will be fully paid on 31 December 2025.