Mishons Lettings Limited
Unaudited Financial Statements
For the year ended 31 December 2024
Pages for Filing with Registrar
Company Registration No. 14773298 (England and Wales)
Mishons Lettings Limited
Contents
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
Mishons Lettings Limited
Balance Sheet
As at 31 December 2024
31 December 2024
Page 1
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
8,922
100
Cash at bank and in hand
3,187
2,776
12,109
2,876
Creditors: amounts falling due within one year
4
(39,151)
(24,536)
Net current liabilities
(27,042)
(21,660)
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
(27,142)
(21,760)
Total equity
(27,042)
(21,660)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 23 October 2025 and are signed on its behalf by:
R James
N J Beda
Director
Director
Company Registration No. 14773298
Mishons Lettings Limited
Statement of Changes in Equity
For the year ended 31 December 2024
Page 2
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 31 March 2023
-
0
-
0
-
Period ended 31 December 2023:
Loss and total comprehensive income for the period
-
(21,760)
(21,760)
Issue of share capital
5
100
-
100
Balance at 31 December 2023
100
(21,760)
(21,660)
Year ended 31 December 2024:
Loss and total comprehensive income for the year
-
(5,382)
(5,382)
Balance at 31 December 2024
100
(27,142)
(27,042)
Mishons Lettings Limited
Notes to the Financial Statements
For the year ended 31 December 2024
Page 3
1
Accounting policies
Company information

Mishons Lettings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 94 Church Road, Hove, England, BN3 2EB.

1.1
Reporting period

The previous financial statements are presented for a period shorter than one year, A s previous Financial Statements have been prepared for 9 months ended 31 March 2 4. As a result the amounts presented in this annual report and are not directly comparable.

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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The company reported a true loss before tax of £7,174 (period ended 31 December 2023 - £28,399) for the year ended 31 December 202 4, and as at the balance sheet date had net liabilities of £27,042 (period ended 31 December 2023 - £21,660). Based on projections the company is expected to generate positive cash flows over the next 12 months. The company has been financed by inter-group loans which are not repayable until the company is in a financial position to make such repayments without affecting its ability to continue as a going concern. Therefore the financial statements have been prepared on the going concern basis.

1.4
Turnover

Turnover, which excludes VAT, comprises commissions and fees receivable. Commissions earned on sales of property is recognised on exchange of contracts.

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
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Mishons Lettings Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 4
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Mishons Lettings Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 5
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
Mishons Lettings Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 6
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
8,435
-
0
Other debtors
100
100
Prepayments and accrued income
387
-
0
8,922
100
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
52
1,394
Amounts owed to group undertakings
31,481
-
0
Corporation tax
-
0
4
Other taxation and social security
3,832
2,017
Other creditors
185
17,971
Accruals and deferred income
3,601
3,150
39,151
24,536

5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
6
Parent company

The ultimate controlling party is RJ Property Group Holdings Ltd.

2024-12-31 2024-01-01 false false false 28 October 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity R James N J Beda C Stephens 14773298 2024-01-01 2024-12-31 14773298 2024-12-31 14773298 2023-12-31 14773298 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 14773298 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 14773298 core:CurrentFinancialInstruments 2024-12-31 14773298 core:CurrentFinancialInstruments 2023-12-31 14773298 core:ShareCapital 2024-12-31 14773298 core:ShareCapital 2023-12-31 14773298 core:RetainedEarningsAccumulatedLosses 2024-12-31 14773298 core:RetainedEarningsAccumulatedLosses 2023-12-31 14773298 core:ShareCapital 2023-03-30 14773298 core:RetainedEarningsAccumulatedLosses 2023-03-30 14773298 core:ShareCapitalOrdinaryShareClass1 2024-12-31 14773298 core:ShareCapitalOrdinaryShareClass1 2023-12-31 14773298 bus:Director1 2024-01-01 2024-12-31 14773298 bus:Director2 2024-01-01 2024-12-31 14773298 core:RetainedEarningsAccumulatedLosses 2023-03-31 2023-12-31 14773298 2023-03-31 2023-12-31 14773298 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 14773298 core:ShareCapital 2023-03-31 2023-12-31 14773298 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 14773298 bus:OrdinaryShareClass1 2024-12-31 14773298 bus:OrdinaryShareClass1 2023-12-31 14773298 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14773298 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14773298 bus:FRS102 2024-01-01 2024-12-31 14773298 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 14773298 bus:Director3 2024-01-01 2024-12-31 14773298 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP