REGISTERED NUMBER: 11959121 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

FOR

MENDOZA INVESTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Mendoza

REGISTERED OFFICE:

S&W Partners Limited

17 Queens Lane

Newcastle

NE1 1RN

REGISTERED NUMBER:

11959121 (England and Wales)

ACCOUNTANTS:

S&W Partners (Scotland) Limited

Q Court

3 Quality Street

Edinburgh

EH4 5BP

FIXED ASSETS

Tangible assets

4

33,438

34,003

Investment property

5

916,897

896,897

950,335

930,900

CURRENT ASSETS

Debtors

6

322

75

Cash at bank and in hand

8,044

4,714

8,366

4,789

CREDITORS

Amounts falling due within one year

7

(302,497

)

(476,559

)

NET CURRENT LIABILITIES

(294,131

)

(471,770

)

TOTAL ASSETS LESS CURRENT LIABILITIES

656,204

459,130

CREDITORS

Amounts falling due after more than one year

8

(656,873

)

(488,888

)

PROVISIONS FOR LIABILITIES

10

(9,718

)

(5,919

)

NET LIABILITIES

(10,387

)

(35,677

)

CAPITAL AND RESERVES

Called up share capital

100

100

Non distributable reserves

41,432

25,231

Retained earnings

(51,919

)

(61,008

)

SHAREHOLDERS' FUNDS

(10,387

)

(35,677

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 5 October 2026 and were signed by:

D Mendoza - Director

1.	STATUTORY INFORMATION

Mendoza Invests 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

At 30 April 2026 the company had net current liabilities of £294,131 (2025 - £471,770) and relies on the continued support of the director to finance its day-to-day working requirements. The director has confirmed that amounts due to him will not be demanded within twelve moths of the date of approval of the financial statements. The director therefore considers it appropriate to prepare the financial statements on the going concern basis.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable in relation to property letting.

Rental income from investment properties is recognised on a straight-line basis over the lease term. Lease incentives granted are recognised as a reduction of rental income and spread over the lease term. Variable rental income is recognised when it becomes receivable in accordance with the terms of the lease agreement.

TANGIBLE FIXED ASSETS

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

Improvements to property

-

Nil

Fixtures and fittings

-

25% per annum on cost

Computer equipment

-

33% per annum on cost

Fixed assets are initially recorded at cost.

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument 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 and loans to related parties.

Short-term debt instruments, including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at 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. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

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 profit and loss account. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

TAXATION

Taxation for the year 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 balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2025

and 30 April 2026

33,104

5,406

1,999

40,509

DEPRECIATION

At 1 May 2025

-

4,507

1,999

6,506

Charge for year

-

565

-

565

At 30 April 2026

-

5,072

1,999

7,071

NET BOOK VALUE

At 30 April 2026

33,104

334

-

33,438

At 30 April 2025

33,104

899

-

34,003

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2025

896,897

Revaluations

20,000

At 30 April 2026

916,897

NET BOOK VALUE

At 30 April 2026

916,897

At 30 April 2025

896,897

Fair value at 30 April 2026 is represented by:

£

Valuation in 2025

10,000

Valuation in 2026

20,000

Cost

886,897

916,897

If investment property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

886,897

873,319

Investment property was valued on an open market basis on 30 April 2026 by the director .

Investment property with a carrying value of £916,897 (2025 - £896,897) is pledged as security for the company's debt.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

322

75

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other creditors

302,497

476,559

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

656,873

488,888

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more than 5 years non-installments

656,873

488,888

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

656,873

488,888

The Mortgage Works (UK) PLC hold charges which covers all of the investment property.

10.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

Accelerated capital allowances

1,499

1,577

Tax losses carried forward

(1,499

)

(1,577

)

Revalued assets

9,718

5,919

9,718

5,919

Deferred

tax

£

Balance at 1 May 2025

5,919

Charge to Income Statement during year

3,799

Balance at 30 April 2026

9,718

11.	RELATED PARTY DISCLOSURES

Included in "Other creditors" is an amount of £300,112 (2025 - £474,289) due to the director from the company. The loan is interest free and no repayment terms have agreed.