Mosfilo Trading Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 14611753 (England and Wales)

MOSFILO TRADING LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Andreou

C Andreou

REGISTERED OFFICE:

2nd Floor, One Hobbs House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

14611753 (England and Wales)

ACCOUNTANTS:

KHI Albury Limited

2nd Floor, One Hobbs House,

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Investment property

4

8,151,000

CURRENT ASSETS

Debtors

5

456,223

382,475

CREDITORS

Amounts falling due within one year

6

1,290,977

1,285,606

NET CURRENT LIABILITIES

(834,754

)

(903,131

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,316,246

7,247,869

CREDITORS

Amounts falling due after more than one year

7

2,472,149

2,519,350

NET ASSETS

4,844,097

4,728,519

CAPITAL AND RESERVES

Called up share capital

9

1,000

Share premium

10

4,858,623

Retained earnings

10

(15,526

)

(131,104

)

SHAREHOLDERS' FUNDS

4,844,097

4,728,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 16 October 2026 and were signed on its behalf by:

S Andreou - Director

1.	STATUTORY INFORMATION

Mosfilo Trading 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 FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, applying Section 1A Small Entities, and the Companies Act 2006.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rental income from operating leases is recognised on a straight-line basis over the lease term unless another systematic basis better represents the pattern of benefit. Lease incentives are recognised as a reduction of rental income over the lease term.

Investment property

Investment properties are held to earn rentals, for capital appreciation, or both. They are initially recognised at cost and subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. Investment properties measured at fair value are not depreciated.

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.

Management services policy

Revenue from management services is recognised by reference to the stage of completion of the services at the reporting date when the outcome can be estimated reliably. Where the services are performed evenly over a period, revenue is recognised over that period.

Going concern

The Financial Statements have been prepared on a going concern basis, as the director has confirmed that funds will continue to be made available for the company to meet its day to day commitments for the foreseeable future. The financial statements do not include any adjustments that may result from the withdrawal of this support and the director is of the opinion that the going concern basis is therefore appropriate to the preparation of these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

8,151,000

NET BOOK VALUE

At 31 March 2026

8,151,000

At 31 March 2025

8,151,000

At 31 March 2026, the company's investment properties were carried at a fair value of £8,151,000 (2025:

£8,151,000).

The investment properties were independently valued by Eddisons, Real Estate & Business Valuers, on 11 July 2023 as part of the company's refinancing arrangements. The valuations were prepared using recognised valuation methodologies, including the comparable market approach and investment approach, having regard to recent sales of similar properties, prevailing rental values, rental yields, property locations, condition and existing tenancy arrangements.

The directors have considered these valuations in assessing the fair value of the investment properties at 31 March 2026. The directors' assessment takes into account the valuation methodologies and assumptions applied by Eddisons, together with their assessment of the properties and relevant market conditions.

The directors consider that the carrying value of £8,151,000 remains an appropriate estimate of the fair value of the investment properties at 31 March 2026. Accordingly, no fair value adjustment has been recognised during thefinancial year. Had the property been measured under the cost model, its carrying amount at 31 March 2026 would have been £3,502,529.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

as restated

£

Amounts owed by associates

442,570

382,475

Other debtors

13,653

-

456,223

382,475

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

as restated

£

Bank loans and overdrafts

194,105

209,490

Amounts owed to associates

144,372

Taxation and social security

13,653

-

Other creditors

938,847

931,744

1,290,977

1,285,606

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

as restated

£

Bank loans

2,472,149

2,519,350

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

as restated

£

Bank loan

2,661,844

2,520,294

The Bank loan is secured by way of a fixed and floating charges, and negative pledge over the company's properties.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

as restated

£

1,000

Ordinary

£1

1,000

10.

RESERVES

Retained

Share

earnings

premium

Totals

£

At 1 April 2025

(131,104

)

4,858,623

4,727,519

Profit for the year

115,578

At 31 March 2026

(15,526

)

4,858,623

4,843,097

The share premium account arose from the issue of shares in consideration for the transfer of freehold properties to the company on, representing the excess of the value of the consideration received over the nominal value of the shares issued.

11.	RELATED PARTY DISCLOSURES

At the year-end date, included within debtors, amount falling due within one year, is the amount of £442,570 (2025: £382,475) owed by related party in which the director S Andreou has beneficial interest.

This amount is unsecured, interest-free and repayable on demand.

At the year-end date, included within creditors, amount falling due within one year, is the amount of £144,372 (2025: £144,372) owed to related party in which the director S Andreou has beneficial interest.

At the year-end date, included within creditors, amounts falling due within one year, are the amounts of £453,389 (2025: £442,641) and £2,758 (2025: £2,758) owed to the directors, S Andreou and C Andreou respectively.

These amounts are unsecured, interest-free and payable on demand.

Management services of £150,000 (2025: £Nil) were supplied to Sea Pebbles UK Limited, related through the company's parent undertaking. The services were charged on an agreed basis between the parties.

12.	ULTIMATE CONTROLLING PARTY

The controlling parties are S Andreou and C Andreou.

The ultimate controlling party is S Andreou by virtue of his shareholdings.