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Company Registration No. 14679512 (England and Wales)
Memo Properties Limited Unaudited accounts for the year ended 28 February 2025
Memo Properties Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Memo Properties Limited Company Information for the year ended 28 February 2025
Director
Mehmet Demir
Company Number
14679512 (England and Wales)
Registered Office
647-661 High Road Leytonstone London E11 4RD England
Accountants
Abacus Financial Accountants 12 Douglas Road Goodmayes London IG3 8UX
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Memo Properties Limited Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
6,394,229 
5,660,105 
Current assets
Debtors
5
5,050 
(1,300)
Cash at bank and in hand
167,031 
761,238 
172,081 
759,938 
Creditors: amounts falling due within one year
6
(114,441)
(86,711)
Net current assets
57,640 
673,227 
Total assets less current liabilities
6,451,869 
6,333,332 
Creditors: amounts falling due after more than one year
7
(6,137,100)
(6,117,000)
Net assets
314,769 
216,332 
Capital and reserves
Called up share capital
8
100 
100 
Profit and loss account
314,669 
216,232 
Shareholders' funds
314,769 
216,332 
For the year ending 28 February 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 November 2025 and were signed on its behalf by
Mehmet Demir Director Company Registration No. 14679512
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Memo Properties Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Memo Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 14679512. The registered office is 647-661 High Road Leytonstone, London, E11 4RD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At cost 
At 1 March 2024
5,660,105 
- 
- 
5,660,105 
Additions
- 
650 
2,100 
2,750 
Revaluations
731,924 
- 
- 
731,924 
At 28 February 2025
6,392,029 
650 
2,100 
6,394,779 
Depreciation
Charge for the year
- 
130 
420 
550 
At 28 February 2025
- 
130 
420 
550 
Net book value
At 28 February 2025
6,392,029 
520 
1,680 
6,394,229 
At 29 February 2024
5,660,105 
- 
- 
5,660,105 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
5,050 
(1,300)
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Memo Properties Limited Notes to the Accounts for the year ended 28 February 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Trade creditors
18,516 
7,904 
Taxes and social security
65,458 
70,137 
Loans from directors
22,467 
670 
Deferred income
8,000 
8,000 
114,441 
86,711 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
6,137,100 
6,117,000 
8
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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