Company registration number 08948133 (England and Wales)
Mirror Properties Limited
Unaudited
financial statements
for the year ended 30 April 2023
PAGES FOR FILING WITH REGISTRAR
Mirror Properties Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Mirror Properties Limited
Statement Of Financial Position
as at 30 April 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
2
154,356
154,356
Current assets
Debtors
7,992
15,317
Cash at bank and in hand
3,116
7,586
11,108
22,903
Creditors: amounts falling due within one year
(32,243)
(35,602)
Net current liabilities
(21,135)
(12,699)
Total assets less current liabilities
133,221
141,657
Creditors: amounts falling due after more than one year
(133,099)
(141,186)
Net assets
122
471
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
120
469
Total equity
122
471
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mirror Properties Limited
Statement Of Financial Position (continued)
as at 30 April 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 30 January 2024
JP Wright
Director
Company Registration No. 08948133
Mirror Properties Limited
Notes to the financial statements
for the year ended 30 April 2023
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the total invoice value of rents receivable for the year. Turnover is recognised on an accruals basis in the period to which it relates.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
Not depreciated
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Mirror Properties Limited
Notes to the financial statements (continued)
for the year ended 30 April 2023
- 4 -
2
Tangible fixed assets
Total
£
Cost
At 1 May 2022 and 30 April 2023
154,356
Depreciation and impairment
At 1 May 2022 and 30 April 2023
Carrying amount
At 30 April 2023
154,356
At 30 April 2022
154,356
3
Company information
Mirror Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is Reflections House, Station Road, Castleford, West Yorkshire, United Kingdom, WF10 1DL.