REGISTERED NUMBER: 07103044 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Mithia Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Mithia

Mrs R Mithia

Mr S S Mithia

SECRETARY:

Mrs N Mithia

REGISTERED OFFICE:

172 Mitcham Road

Croydon

CR0 3JE

REGISTERED NUMBER:

07103044 (England and Wales)

ACCOUNTANTS:

PHS Accountants Ltd

105a Albemarle Road

Beckenham

Kent

BR3 5HS

FIXED ASSETS

Tangible assets

5

8,919

11,804

Investment property

6

3,069,257

3,018,892

3,078,176

3,030,696

CURRENT ASSETS

Debtors

7

51,373

63,672

Cash at bank

534,512

592,417

585,885

656,089

CREDITORS

Amounts falling due within one year

8

415,625

456,113

NET CURRENT ASSETS

170,260

199,976

TOTAL ASSETS LESS CURRENT LIABILITIES

3,248,436

3,230,672

CREDITORS

Amounts falling due after more than one year

9

1,411,654

1,453,548

NET ASSETS

1,836,782

1,777,124

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,836,682

1,777,024

SHAREHOLDERS' FUNDS

1,836,782

1,777,124

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2025 and were signed on its behalf by:

Mrs R Mithia - Director

1.	STATUTORY INFORMATION

Mithia Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

16,676

4,798

21,474

DEPRECIATION

At 1 January 2024

5,528

4,142

9,670

Charge for year

2,230

655

2,885

At 31 December 2024

7,758

4,797

12,555

NET BOOK VALUE

At 31 December 2024

8,918

1

8,919

At 31 December 2023

11,148

656

11,804

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

3,018,892

Additions

50,365

At 31 December 2024

3,069,257

NET BOOK VALUE

At 31 December 2024

3,069,257

At 31 December 2023

3,018,892

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

827

12,672

Other debtors

50,546

51,000

51,373

63,672

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

37,000

36,500

Trade creditors

7,546

5,546

Taxation and social security

24,609

4,216

Other creditors

346,470

409,851

415,625

456,113

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

1,111,654

1,153,548

Other creditors

300,000

300,000

1,411,654

1,453,548

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

681,487

715,381

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

1,148,654

1,190,048

The bank loan is secured over the assets of the company.