REGISTERED NUMBER: 08123016 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 FEBRUARY 2025 TO 31 OCTOBER 2025

FOR

MIRZA LAW LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

K Elahi

M S Elahi

Ms S Ahmad

J Fay

REGISTERED OFFICE:

216A Hoe Street

Walthamstow

London

E17 3AY

REGISTERED NUMBER:

08123016 (England and Wales)

ACCOUNTANTS:

Accura Accountants Ltd

Langley House

53 Theobald Street

Borehamwood

WD6 4RT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

10,878

11,545

10,878

11,545

CURRENT ASSETS

Stocks

8,000

8,000

Debtors

6

514,981

1,297,093

Cash at bank and in hand

147,199

12,401

670,180

1,317,494

CREDITORS

Amounts falling due within one year

7

306,268

390,141

NET CURRENT ASSETS

363,912

927,353

TOTAL ASSETS LESS CURRENT LIABILITIES

374,790

938,898

CREDITORS

Amounts falling due after more than one year

8

357,534

384,487

NET ASSETS

17,256

554,411

CAPITAL AND RESERVES

Called up share capital

250

340

Capital redemption reserve

11

90

-

Retained earnings

11

16,916

554,071

17,256

554,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2025 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 8 May 2026 and were signed on its behalf by:

K Elahi - Director

1.	STATUTORY INFORMATION

Mirza Law 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.

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 historical cost convention.

Turnover and work in progress

Turnover represents net invoices sales of services, excluding value added tax. Turnover is recognised once the service has been provided.

Under FRS 102 Section 1A, revenue is required to be recognised from the provision of services on the completion method where it can be measured reliably. Therefore the work in progress figure represents recoverable uninvoiced work that has been recognised within the profit and loss account.

Goodwill

Goodwill, being the amount paid in connection with a business in 2013, has been fully amortised over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment of assets

A review of 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 reversals at each reporting date.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any material unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment or to provide termination benefits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 15 (2025 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 October 2025

100,000

AMORTISATION

At 1 February 2025

and 31 October 2025

100,000

NET BOOK VALUE

At 31 October 2025

-

At 31 January 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2025

50,582

Additions

1,189

At 31 October 2025

51,771

DEPRECIATION

At 1 February 2025

39,037

Charge for period

1,856

At 31 October 2025

40,893

NET BOOK VALUE

At 31 October 2025

10,878

At 31 January 2025

11,545

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.1.25

£

£

Other debtors

514,981

1,297,093

Included in other debtors are prepayments of £2,667 (January 2025: £2,667).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.1.25

£

£

Bank loans and overdrafts

9,773

14,545

Taxation and social security

253,650

221,310

Other creditors

42,845

154,286

306,268

390,141

Included in other creditors are accrued expenses of £12,000 (January 2025: £124,561).

Included in taxation and social security is an amount of £40,788 (January 2025: £40,788) due under the disguised remuneration settlement agreement for HMRC. There is also £310,294 (January 2025: £319,294), in creditors due in more than one year relating to the same settlement.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.1.25

£

£

Bank loans

-

6,064

Other creditors

357,534

378,423

357,534

384,487

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.10.25

31.1.25

£

£

Within one year

16,000

16,000

Between one and five years

1,333

17,333

17,333

33,333

10.	SECURED DEBTS

There is a fixed charge over the assets of the company within an omnibus guarantee and set-off agreement between Khokhar Properties Limited (a company with common shareholders) and Lloyds Bank plc dated 21 January 2019.

11.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 February 2025

554,071

-

554,071

Profit for the period

155,251

155,251

Dividends

(72,526

)

(72,526

)

Purchase of own shares

(619,880

)

90

(619,790

)

At 31 October 2025

16,916

90

17,006

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the periods ended 31 October 2025 and 31 January 2025:

31.10.25

31.1.25

£

£

M S Elahi

Balance outstanding at start of period

682,834

538,199

Amounts advanced

140,972

186,335

Amounts repaid

(681,430

)

(41,700

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

142,376

682,834

K Elahi

Balance outstanding at start of period

13,891

(11,648

)

Amounts advanced

113,085

56,539

Amounts repaid

(126,976

)

(31,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

-

13,891

Included within the amount advanced is interest of £3,557 (January 2025: £15,331) charged at the HMRC prescribed rate on the outstanding loan balance. The overdrawn loan balance is repayable on demand and personally guaranteed by the directors.

13.	RELATED PARTY DISCLOSURES

During the year the company undertook a share buy back of 90 Ordinary A shares for the value of £1,019,880, £619,880 of which was recognised in this set of Financial Statements with the balance of £400,000 to be recognised in future years.