Mitee Properties Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 12674515

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		146,000		146,000

			146,000		146,000
CURRENT ASSETS
Debtors	5	421		397
Cash at bank and in hand		28,758		25,949

		29,179		26,346
NET CURRENT ASSETS (LIABILITIES)			29,179		26,346

TOTAL ASSETS LESS CURRENT LIABILITIES			175,179		172,346

Creditors: Amounts Falling Due After More Than One Year	6		(130,516 )		(129,378 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(3,164 )		(2,842 )

NET ASSETS			41,499		40,126

CAPITAL AND RESERVES
Called up share capital	8		100		100
Other reserves			27,907		27,907
Profit and Loss Account			13,492		12,119

SHAREHOLDERS' FUNDS			41,499		40,126

Page 1

Page 2

Mitee Properties Ltd

Balance Sheet (continued)

As At 30 June 2025

For the year ending 30 June 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Sukhdeep Gill

Director

04/11/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Mitee Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12674515 . The registered office is 1 Derwent Business Centre, Clarke Street, Derby, DE1 2BU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.

2.3. Investment Properties

Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset.The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification. Changes in fair value are recognised in the profit and loss account.

2.4. Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2.5. Related Party Transactions

Loans received from connected parties are recognised in the financial statements at the discounted present value using the effective interest rate method.

2.6. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the period was as follows:

	2025	2024
Office and administration	2	2

	2	2

4. Tangible Assets

	Investment Properties
	£
Cost
As at 1 July 2024	146,000

As at 30 June 2025	146,000

Net Book Value
As at 30 June 2025	146,000

As at 1 July 2024	146,000

Page 3

Page 4

Mitee Properties Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	321	297
Other debtors	100	100

	421	397

6. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	88,337	88,344
Other creditors	42,179	41,034

	130,516	129,378

7. Secured Creditors

Of the creditors falling due within and after more than one year the following amount is secured by a fixed charge over the investment property. The mortgage is interest only with terms of 25 years.

	2025		2024
	£		£
Bank loans and overdrafts	88,337		88,344

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

At 30th June 2025 Mitee Properties Ltd owed £77,327 (2024 - £73,321) to Mitee Consultancy Ltd, a company in which Mr S Gill is a director and shareholder. The loan is subject to an annual interest rate of 1% above the Bank of England base rate and is repayable on 1st April 2041.