REGISTERED NUMBER: 06782594 (England and Wales)

Financial Statements For The Year Ended 31st January 2026

for

Mahtems Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

I Smetham

Mrs G Smetham

N Smetham

REGISTERED OFFICE:

63 High Street

Chislehurst

Kent

BR7 5BE

REGISTERED NUMBER:

06782594 (England and Wales)

ACCOUNTANTS:

Baker Britt

Chartered Accountants

63 High Street

Chislehurst

Kent

BR7 5AF

FIXED ASSETS

Investment property

4

2,267,227

1,587,118

CURRENT ASSETS

Debtors

5

1,834

-

Cash at bank

87,523

404,696

89,357

404,696

CREDITORS

Amounts falling due within one year

6

224,039

112,186

NET CURRENT (LIABILITIES)/ASSETS

(134,682

)

292,510

TOTAL ASSETS LESS CURRENT LIABILITIES

2,132,545

1,879,628

PROVISIONS FOR LIABILITIES

48,191

48,191

NET ASSETS

2,084,354

1,831,437

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

144,572

144,572

Retained earnings

1,939,682

1,686,765

SHAREHOLDERS' FUNDS

2,084,354

1,831,437

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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 20th October 2026 and were signed on its behalf by:

I Smetham - Director

1.	STATUTORY INFORMATION

Mahtems Ltd 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 as modified by the revaluation of certain assets.

Turnover

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

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.

Computer software has been fully amortised in the current year.

Tangible fixed assets

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

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.

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 2 (2025 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st February 2025

1,587,118

Additions

680,109

At 31st January 2026

2,267,227

NET BOOK VALUE

At 31st January 2026

2,267,227

At 31st January 2025

1,587,118

Fair value at 31st January 2026 is represented by:

£

Valuation in 2025

192,763

Cost

2,074,464

2,267,227

If the investment properties had not been revalued they would have been included at the following historical cost:

2026

2025

£

£

Cost

2,074,464

1,394,355

Investment properties were valued on an open market basis on 31st January 2026 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

1,834

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

106,995

108,710

Other creditors

117,044

3,476

224,039

112,186