ACCOUNTS - Final Accounts preparation

Registered number: 15352309

MEHMET EFENDI 1953 EDGWARE ROAD LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

MEHMET EFENDI 1953 EDGWARE ROAD LIMITED

REGISTERED NUMBER: 15352309

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024
Note		£

Fixed assets
Tangible assets	4		529,914
			529,914
Current assets
Debtors: amounts falling due within one year	5	197,362
Cash at bank and in hand	6	884
		198,246
Creditors: amounts falling due within one year	7	(419,962)
Net current (liabilities)/assets			(221,716)
Total assets less current liabilities			308,198
Creditors: amounts falling due after more than one year	8		(364,583)

Net (liabilities)/assets			(56,385)

Capital and reserves
Called up share capital	11	400
Profit and loss account		(56,785)
		(56,385)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

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MEHMET EFENDI 1953 EDGWARE ROAD LIMITED

REGISTERED NUMBER: 15352309

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

Muhterem Turantaylak

Director

Date: 13 December 2025

The notes on pages 3 to 8 form part of these financial statements.

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MEHMET EFENDI 1953 EDGWARE ROAD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

1.	General information

Mehmet Efendi 1953 Edware Road Limited is a private company limited by share capital, incorporated in England and Wales, registration number 15352309. The address of the registered office is 291 Green Lanes, London N13 4XS.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. 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 following principal accounting policies have been applied:

2.2

Going concern

The company is currently pre-trading and has not yet commenced operations. The directors have reviewed cash resources and confirm that sufficient funding is available from the shareholders to meet all liabilities as they fall due for the foreseeable future.
Accordingly, the financial statements have been prepared on the going concern basis..

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

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MEHMET EFENDI 1953 EDGWARE ROAD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property	-	10%
Short-term leasehold property	-
Fixtures and fittings	-	10%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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MEHMET EFENDI 1953 EDGWARE ROAD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.

Increases in provisions are generally charged as an expense to profit or loss.

Employees

The average monthly number of employees, including directors, during the period was 2.

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MEHMET EFENDI 1953 EDGWARE ROAD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

	Short-term leasehold property	Fixtures and fittings	Total
	£	£	£
Cost or valuation
Additions	92,040	437,874	529,914
At 31 December 2024	92,040	437,874	529,914

Net book value
At 31 December 2024	92,040	437,874	529,914

Debtors

					2024
					£


	Other debtors	182,043
	Deferred taxation	15,319
		197,362

6.	Cash and cash equivalents
		2024
		£

	Cash at bank and in hand	884
		884

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MEHMET EFENDI 1953 EDGWARE ROAD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

7.	Creditors: Amounts falling due within one year
		2024
		£

	Bank loans	125,000
	Trade creditors	223,449
	Other creditors	69,763
	Accruals and deferred income	1,750
		419,962

8.	Creditors: Amounts falling due after more than one year
		2024
		£

	Bank loans	364,583
		364,583

9.	Loans
	Analysis of the maturity of loans is given below:
		2024
		£

	Amounts falling due within one year
	Bank loans	125,000
	Amounts falling due 1-2 years
	Bank loans	125,000
	Amounts falling due 2-5 years
	Bank loans	239,584
		489,584

Bank loans are secured by way of a floating charge over all the property or undertaking of the company.

10.	Deferred taxation

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MEHMET EFENDI 1953 EDGWARE ROAD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

10.Deferred taxation (continued)

		2024
		£

	Charged to profit or loss	15,319
	At end of year	15,319

	The deferred tax asset is made up as follows:
					2024
					£

	Accelerated capital allowances	(109,469)
	Tax losses carried forward	124,788
		15,319

11.	Share capital
		2024
		£

		Allotted, called up and fully paid

		400 Ordinary shares of £1.00 each	400

400 Ordinary shares of £1 each have been allotted, called up and fully paid in the period.

12.	Related party transactions
	Included within Other Creditors due within less than 1 year is a loan amount of £28,500 due to a company under common control. The loan is unsecured, free of interest and repayable on demand. ncluded within Other Debtors due within less than 1 year is a loan amount of £106,820 due from a company under common control. The loan is unsecured, free of interest and repayable on demand.

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