Company registration number: 07563169
Unaudited financial statements
for the year ended 31 March 2025
for
Mittal Properties Limited
Pages for filing with the Registrar
Company registration number: 07563169
Mittal Properties Limited
Balance sheet
as at 31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 10,511,691 10,504,137
10,511,691 10,504,137
Current assets
Stocks 1,866,662 1,923,321
Debtors - 85,578
Cash at bank and in hand 70,808 90,143
1,937,470 2,099,042
Creditors: amounts falling due within one
year 		(1,381,013) (1,287,385)
Net current assets 556,457 811,657
Total assets less current liabilities 11,068,148 11,315,794
Creditors: Amounts falling due after more
than one year 		(8,088,456) (8,904,406)
NET ASSETS 2,979,692 2,411,388
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account 2,969,692 2,401,388
TOTAL EQUITY 2,979,692 2,411,388
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 07563169
Mittal Properties Limited
Balance sheet - continued
as at 31 March 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 23 December 2025 and signed on its behalf by:
Dr V Mittal, Director Dr S Mittal, Director
23 December 2025 23 December 2025
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Mittal Properties Limited
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
Mittal Properties Limited is a private company registered in England and Wales. Its registered number is 07563169. The company is limited by shares. Its registered office is 45A, Boundaries Road, London, SW12 8EU.
2 Accounting policies
Basis of preparing the financial statements
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. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - Freehold property is stated at historic cost of
£10,188,835.23.

In accordance with Section 17 of FRS 102 and the
exemptions available to small entities under FRS 102
Section 1A, the freehold property is not depreciated.
The directors consider that the residual value of the
property is at least equal to its carrying amount and
therefore depreciation is not required.

The property is reviewed annually for indicators of
impairment and no impairment has been identified
during the period.
Plant and machinery etc.:
Fixtures & fittings - 10% straight line
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Mittal Properties Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
3 Average number of employees
During the year the average number of employees was 6 (2024 - 6).
4 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 April 2024 10,188,835 445,191 10,634,026
Additions - 7,554 7,554
At 31 March 2025 10,188,835 452,745 10,641,580
Depreciation
At 1 April 2024 - 129,889 129,889
At 31 March 2025 - 129,889 129,889
Net book value
At 31 March 2025 10,188,835 322,856 10,511,691
At 31 March 2024 10,188,835 315,302 10,504,137
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Mittal Properties Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
4 Tangible fixed assets - continued
If ENTER REVALUED CLASS had not been revalued, it would have been included at the following historical cost:
2025 2024
£ £
Cost 10,188,835 -
Accumulated depreciation - -
5 Guarantees and other financial commitments
The Company has bank loans which are secured by fixed and floating charges over the assets of the Company. The loans are repayable over a period of five years and are summarised as follows:

Cynergy Bank: A loan of £6,700,000 was drawn down in November 2022. The loan bears interest at a rate of 5.15 percent above LIBOR.

Handelsbanken plc: A loan of £879,548 was drawn down in March 2025. The loan bears interest at a rate of 1.075 percent above a fixed rate.
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