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REGISTERED NUMBER: 03790138 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Miradel Investment Company Limited

Miradel Investment Company Limited (Registered number: 03790138)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Miradel Investment Company Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M D Chan
Ms S S Yeung





SECRETARY: Miss S S Yeung





REGISTERED OFFICE: 70 Pine Hill
Epsom
Surrey
KT18 7BQ





REGISTERED NUMBER: 03790138 (England and Wales)





ACCOUNTANTS: ACL & Co
Chartered Certified Accountants
The Coach House
North Building
1 Howard Road
Reigate
Surrey
RH2 7JE

Miradel Investment Company Limited (Registered number: 03790138)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,289,468 1,808,790

CURRENT ASSETS
Debtors 5 3,560 2,286
Cash at bank 9,446 12,363
13,006 14,649
CREDITORS
Amounts falling due within one year 6 531,164 559,566
NET CURRENT LIABILITIES (518,158 ) (544,917 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,771,310

1,263,873

CREDITORS
Amounts falling due after more than
one year

7

1,001,250

938,667
NET ASSETS 770,060 325,206

CAPITAL AND RESERVES
Called up share capital 1,900 1,000
Share premium 484,100 -
Capital reserves 449,650 449,650
Retained earnings (165,590 ) (125,444 )
SHAREHOLDERS' FUNDS 770,060 325,206

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Miradel Investment Company Limited (Registered number: 03790138)

Balance Sheet - continued
31 March 2023


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 28 September 2023 and were signed on its behalf by:





M D Chan - Director


Miradel Investment Company Limited (Registered number: 03790138)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Miradel Investment Company 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 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - at varying rates on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Long and
property leasehold fittings
£    £    £   
COST
At 1 April 2022 258,310 1,639,888 16,912
Additions - 514,059 -
At 31 March 2023 258,310 2,153,947 16,912
DEPRECIATION
At 1 April 2022 49,994 86,776 16,050
Charge for year - 21,539 216
At 31 March 2023 49,994 108,315 16,266
NET BOOK VALUE
At 31 March 2023 208,316 2,045,632 646
At 31 March 2022 208,316 1,553,112 862

Miradel Investment Company Limited (Registered number: 03790138)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 61,709 690 1,977,509
Additions - - 514,059
At 31 March 2023 61,709 690 2,491,568
DEPRECIATION
At 1 April 2022 15,427 472 168,719
Charge for year 11,571 55 33,381
At 31 March 2023 26,998 527 202,100
NET BOOK VALUE
At 31 March 2023 34,711 163 2,289,468
At 31 March 2022 46,282 218 1,808,790

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 3,560 2,286

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 43,192 48,506
Social security and other taxes 662 787
Directors' current accounts 485,750 508,893
Accrued expenses 1,560 1,380
531,164 559,566

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 2-5 years 1,001,250 938,667

8. ULTIMATE CONTROLLING PARTY

The controlling party is Ms S S Yeung.