Mek Buildings Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

1. General Information

Mek Buildings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11101388 . The registered office is 41, Knighton Park Road, London, Greater London, SE26 5RN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Mek Buildings Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Investment Properties
	£
Cost
As at 1 January 2025	665,395
Additions	1,950
Disposals	(667,345 )

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	-

As at 1 January 2025	665,395

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	101,868	700
Corporation tax recoverable assets	-	80

	101,868	780

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	5,599	5,474
Corporation tax	(80 )	-
Other creditors	28,511	130,639
Accruals and deferred income	1,177	1,088
Director's loan account	135,467	159,473

	170,674	296,674

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Mek Buildings Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	20,796	448,933

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

9. Related Party Transactions

Mek Rental Ltd

Transcations with Related Parties

At the beginning of the financial year, the balance due from MEK Rental Ltd, a related party, was £700. During the year, the company advanced a further £101,168.02 to MEK Rental Ltd. No repayments were received during the period. As at the reporting date, the outstanding balance due from MEK Rental Ltd amounted to £101,868.02.

AA Drafting plus Ltd

Transcations with Related Parties

During the year, the company entered into transactions with AA Drafting Plus Ltd, a related party. The balance due to the related party at the start of the year was £15,040. Further advances of £4,060.38 were received during the year and no repayments were made. At the reporting date, the amount outstanding was £19,100.38.

AA drafting Solutions Ltd

Transcations with Related Parties

During the year, the company entered into transactions with AA drafting Solutions Ltd, a related party. The balance due to the related party at the start of the year was £9,600. Further advances of £9,410.13 were received during the year and no repayments were made. At the reporting date, the amount outstanding was £9,410.13.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		665,395

			-		665,395
CURRENT ASSETS
Debtors	5	101,868		780
Cash at bank and in hand		1,062		70

		102,930		850
Creditors: Amounts Falling Due Within One Year	6	(170,674 )		(296,674 )

NET CURRENT ASSETS (LIABILITIES)			(67,744 )		(295,824 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(67,744 )		369,571

Creditors: Amounts Falling Due After More Than One Year	7		(20,796 )		(448,933 )

NET LIABILITIES			(88,540 )		(79,362 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			(88,541 )		(79,363 )

SHAREHOLDERS' FUNDS			(88,540)		(79,362)