COMPANY REGISTRATION NUMBER:
Mia Living Limited
Period from 1 October 2019 to 28 February 2021
Mia Living Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Mia Living Limited
Company Information
Director |
Mr G Thomas |
Registered office |
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Accountants |
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Mia Living Limited
(Registration number: 11561228)
Balance Sheet as at 28 February 2021
Note |
28 February 2021 |
30 September 2019 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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- |
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Creditors: Amounts falling due within one year |
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( |
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Net current liabilities |
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( |
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Total assets less current liabilities |
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( |
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Creditors: Amounts falling due after more than one year |
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- |
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Net liabilities |
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( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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( |
Mia Living Limited
(Registration number: 11561228)
Balance Sheet as at 28 February 2021
For the financial period ending 28 February 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and loss account has been taken.
Approved and authorised for issue by the
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Director
Mia Living Limited
Notes to the Unaudited Financial Statements for the Period from 1 October 2019 to 28 February 2021
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in Sterling and rounded to the nearest full £.
Going concern
The financial statements have been prepared on a going concern basis, as the company continues to have the support of it’s director.
The director has considered the impact of COVID-19 and does not consider it to have a material impact on the balances included within the financial statements. In addition, the director does not consider it to cast any significant doubt upon the company's ability to continue to trade as a going concern.
Mia Living Limited
Notes to the Unaudited Financial Statements for the Period from 1 October 2019 to 28 February 2021
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities.
The company recognises revenue when rent is received from a tenant.
Government grants
The government grant received has been recognised in income on a systematic basis over the period in which the support is provided.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Furniture, fittings and equipment |
25% straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity.
Mia Living Limited
Notes to the Unaudited Financial Statements for the Period from 1 October 2019 to 28 February 2021
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Tangible assets |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 October 2019 |
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At 28 February 2021 |
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Depreciation |
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Charge for the period |
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At 28 February 2021 |
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Carrying amount |
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At 28 February 2021 |
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At 30 September 2019 |
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Debtors |
Note |
2021 |
2019 |
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Trade debtors |
- |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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- |
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Prepayments |
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Mia Living Limited
Notes to the Unaudited Financial Statements for the Period from 1 October 2019 to 28 February 2021
Creditors |
Creditors: amounts falling due within one year
Note |
2021 |
2019 |
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Due within one year |
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Loans and borrowings |
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Accruals and deferred income |
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- |
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Creditors: amounts falling due after more than one year
Note |
2021 |
2019 |
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Due after one year |
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Loans and borrowings |
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- |
Loans and borrowings |
2021 |
2019 |
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Current loans and borrowings |
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Bank overdrafts |
- |
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Other borrowings |
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2021 |
2019 |
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Non-current loans and borrowings |
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Bank borrowings |
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Mia Living Limited
Notes to the Unaudited Financial Statements for the Period from 1 October 2019 to 28 February 2021
Share capital |
Allotted, called up and fully paid shares
2021 |
2019 |
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No. |
£ |
No. |
£ |
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1.00 |
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1.00 |
Related party transactions |
Key management personnel
The director
Summary of transactions with key management
No interest has been charged and there is no set date for repayment.
Summary of transactions with entities with joint control or significant interest
During the year the company loaned money from a company under common control. At the balance sheet date the amout due from the company was £3,500 (2020 - £Nil).
No interest has been charged and there is no set date for repayment.