Supermex Properties Limited 31/03/2025 iXBRL

Company registration number: 6181902

Supermex Properties Limited

Unaudited filleted financial statements

31 March 2025

Supermex Properties Limited

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Supermex Properties Limited

Directors and other information


	Directors	Mr Rohit L Shah
		Mr Bharat L Shah


	Secretary	Rohit L Shah


	Company number	6181902


	Registered office	83 Lankers Drive
		Harrow
		Middlesex
		HA2 7PA


	Business address	83 Lankers Drive
		Harrow
		Middlesex
		HA2 7PA


	Accountants	P R Shah & Co
		10 Bouverie Gardens
		Harrow
		Middlesex
		HA3 0RQ




	Bankers	Barclays Bank Plc
		Newham Business Centre
		737 Barking Road
		Plaistow
		London. E13 9PL

Supermex Properties Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	4	600,000		877,423
		_______		_______
			600,000		877,423

Current assets
Debtors	5	3,600		3,000
Cash at bank and in hand		14,196		1,442
		_______		_______
		17,796		4,442
Creditors: amounts falling due
within one year	6	( 477,408)		( 228,094)
		_______		_______
Net current liabilities			( 459,612)		( 223,652)
			_______		_______
Total assets less current liabilities			140,388		653,771

Creditors: amounts falling due
after more than one year	7		( 2,500)		( 260,179)
			_______		_______
Net assets			137,888		393,592
			_______		_______

Capital and reserves
Called up share capital			200		200
Profit and loss account			137,688		393,392
			_______		_______
Shareholders funds			137,888		393,592
			_______		_______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 21 December 2025 , and are signed on behalf of the board by:

Mr Rohit L Shah

Director

Company registration number: 6181902

Supermex Properties Limited

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2023	200	384,315	384,515

(Loss)/profit for the year		9,077	9,077
	_______	_______	_______
Total comprehensive income for the year	-	9,077	9,077

	_______	_______	_______
At 31 March 2024 and 1 April 2024	200	393,392	393,592

(Loss)/profit for the year		( 255,704)	( 255,704)
	_______	_______	_______
Total comprehensive income for the year	-	( 255,704)	( 255,704)

	_______	_______	_______
At 31 March 2025	200	137,688	137,888
	_______	_______	_______

Supermex Properties Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Supermex Properties Limited, 83 Lankers Drive, Harrow, Middlesex, HA2 7PA.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for rental income, net of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Tangible assets

	Freehold investment property	Total
	£	£
Cost or valuation
At 1 April 2024	877,423	877,423
Revaluation	( 277,423)	( 277,423)
	_______	_______
At 31 March 2025	600,000	600,000
	_______	_______
Depreciation
At 1 April 2024 and 31 March 2025	-	-
	_______	_______
Carrying amount
At 31 March 2025	600,000	600,000
	_______	_______
At 31 March 2024	877,423	877,423
	_______	_______

Investment property

Included within the above is investment property measured at fair value as follows:

		£
	At 1 April 2024	877,423
	Fair value adjustments	( 277,423)
		_______
	At 31 March 2025	600,000
		_______

Investment property is included at fair value. Gains are recognised in the Income Statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The Directors consider that the fair value reflects current market conditions. No independent valuation was obtained.

5. Debtors

	2025	2024
	£	£
Trade debtors	3,600	3,000
	_______	_______

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,000	16,000
Trade creditors	45	45
Corporation tax	5,279	2,129
Social security and other taxes	1,200	620
Other creditors	460,884	209,300
	_______	_______
	477,408	228,094
	_______	_______

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	2,500	260,179
	_______	_______

The Company acquired a Bounce Back Loan amounting to £ 50,000 on 24 June 2020 and is for a term of six years repayable after 12 months from commencement in equal instalments every month. The interest rate charged will be 2.5% per annum commencing from the first anniversary of the loan. The interest for the first year will be paid by the UK Government to the lending bank. In addition the loan is guaranteed by the UK Government under Bounce Back Loan Scheme.

8. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Rohit L Shah	( 103,650)	( 128,192)	4,000	( 227,842)
	Mr Bharat L Shah	( 103,650)	( 128,192)	4,000	( 227,842)
		_______	_______	_______	_______
		( 207,300)	( 256,384)	8,000	( 455,684)
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Rohit L Shah	( 99,650)	( 4,000)	-	( 103,650)
	Mr Bharat L Shah	( 99,650)	( 4,000)	-	( 103,650)
		_______	_______	_______	_______
		( 199,300)	( 8,000)	-	( 207,300)
		_______	_______	_______	_______

9. Controlling party

None of the Directors, who are the shareholders, individually control the Company.