Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312022-02-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05340039 2022-02-01 2023-01-31 05340039 2021-02-01 2022-01-31 05340039 2023-01-31 05340039 2022-01-31 05340039 c:Director2 2022-02-01 2023-01-31 05340039 d:FreeholdInvestmentProperty 2023-01-31 05340039 d:FreeholdInvestmentProperty 2022-01-31 05340039 d:CurrentFinancialInstruments 2023-01-31 05340039 d:CurrentFinancialInstruments 2022-01-31 05340039 d:Non-currentFinancialInstruments 2023-01-31 05340039 d:Non-currentFinancialInstruments 2022-01-31 05340039 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 05340039 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 05340039 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 05340039 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-31 05340039 d:ShareCapital 2023-01-31 05340039 d:ShareCapital 2022-01-31 05340039 d:RevaluationReserve 2023-01-31 05340039 d:RevaluationReserve 2022-01-31 05340039 d:RetainedEarningsAccumulatedLosses 2023-01-31 05340039 d:RetainedEarningsAccumulatedLosses 2022-01-31 05340039 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 05340039 d:AcceleratedTaxDepreciationDeferredTax 2022-01-31 05340039 c:FRS102 2022-02-01 2023-01-31 05340039 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 05340039 c:FullAccounts 2022-02-01 2023-01-31 05340039 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 05340039 2 2022-02-01 2023-01-31 05340039 6 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 05340039









MIX INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
MIX INVESTMENTS LIMITED
REGISTERED NUMBER: 05340039

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1
1

Investment property
 5 
1,300,000
1,300,000

  
1,300,001
1,300,001

Current assets
  

Debtors: amounts falling due within one year
 6 
6,407
1,391

Cash at bank and in hand
 7 
3,576
10,268

  
9,983
11,659

Creditors: amounts falling due within one year
 8 
(175,389)
(167,016)

Net current liabilities
  
 
 
(165,406)
 
 
(155,357)

Total assets less current liabilities
  
1,134,595
1,144,644

Creditors: amounts falling due after more than one year
 9 
(606,235)
(626,227)

Provisions for liabilities
  

Deferred tax
 10 
(133,536)
(133,536)

  
 
 
(133,536)
 
 
(133,536)

Net assets
  
394,824
384,881


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
651,970
651,970

Profit and loss account
  
(257,246)
(267,189)

  
394,824
384,881


Page 1

 
MIX INVESTMENTS LIMITED
REGISTERED NUMBER: 05340039
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2023

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Newell
Director

Date: 25 October 2023

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MIX INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Mix Investments Limited is a limited liability Company incorporated in England and Wales (Registered number 05340039). The registered office is 10 Standard Place, London, EC2A 3BE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
MIX INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
MIX INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2022
1



At 31 January 2023
1




Page 5

 
MIX INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 February 2022
1,300,000



At 31 January 2023
1,300,000

The 2023 valuations were made by an independent external valuer, on an open market value for existing use basis.





Page 6

 
MIX INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

6.


Debtors

2023
2022
£
£


Trade debtors
4,500
-

Prepayments and accrued income
1,907
1,391

6,407
1,391



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
3,576
10,268

3,576
10,268



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
31,702
31,702

Trade creditors
706
628

Corporation tax
1,116
8,766

Other taxation and social security
2,552
2,772

Other creditors
126,550
116,051

Accruals and deferred income
12,763
7,097

175,389
167,016



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
606,235
626,227

606,235
626,227


Page 7

 
MIX INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

10.


Deferred taxation




2023


£






At beginning of year
(133,536)



At end of year
(133,536)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Charge on revaluation of the property
(133,536)
(133,536)

(133,536)
(133,536)


11.


Related party transactions

Included other creditors is an amount of £1,040 (2022 : £1,040) due to the directors.

 
Page 8