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REGISTERED NUMBER: 13151851 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Mirani Invest Ltd

Mirani Invest Ltd (Registered number: 13151851)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Mirani Invest Ltd (Registered number: 13151851)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,340 -
Investment property 5 1,583,528 445,612
1,584,868 445,612

CURRENT ASSETS
Debtors 6 2,408 -
Cash at bank and in hand 2,589 15,049
4,997 15,049
CREDITORS
Amounts falling due within one year 7 524,360 20,746
NET CURRENT LIABILITIES (519,363 ) (5,697 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,065,505

439,915

CREDITORS
Amounts falling due after more than
one year

8

1,161,023

439,704
NET (LIABILITIES)/ASSETS (95,518 ) 211

Mirani Invest Ltd (Registered number: 13151851)

Balance Sheet - continued
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (95,618 ) 111
SHAREHOLDERS' FUNDS (95,518 ) 211

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

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

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 27 September 2023 and were signed on its behalf by:





Mr Laurens Zweitse Mirani - Director


Mirani Invest Ltd (Registered number: 13151851)

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

1. STATUTORY INFORMATION

Mirani Invest Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13151851

Registered office: 01 Meadlake Place
Thorpe Lea Road
Egham
Surrey
TW20 8HE

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 represents the fair value of rent received or receivable from the investment properties, 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.
Computer equipment - 25% on cost

Investment property
The investment properties have been stated at cost. The Board do not consider the fair value of the properties to be materially different from the value disclosed.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Mirani Invest Ltd (Registered number: 13151851)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
The company has net liabilities of £95,518. The accounts have been prepared on going concern basis as the directors have confirmed that they will continue to provide financial support to the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
Additions 1,478
At 31 January 2023 1,478
DEPRECIATION
Charge for year 138
At 31 January 2023 138
NET BOOK VALUE
At 31 January 2023 1,340

Mirani Invest Ltd (Registered number: 13151851)

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

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 February 2022 445,612
Additions 1,137,916
At 31 January 2023 1,583,528
NET BOOK VALUE
At 31 January 2023 1,583,528
At 31 January 2022 445,612

Investment property situated at 6-8 Victoria Square, Weston Super Mare, BS23 1AW is under a charge from Castle Trust Capital PLC. The charge was created on 31st August 2022.

Investment property situated at 81-83 Park Road, Blackpool FY1 4JF is under a charge from Castle Trust Capital PLC. The charge was created on 31st August 2022.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other debtors 2,408 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Taxation and social security - 61
Other creditors 524,360 20,685
524,360 20,746

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans 1,136,025 -
Other creditors 24,998 439,704
1,161,023 439,704

Mirani Invest Ltd (Registered number: 13151851)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.1.23 31.1.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,136,025 -

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Bank loans 1,136,025 -

The loan amounting to £803,250 is secured by the way of charge on the property situated at 6-8 Victoria Square, Weston Super Mare, BS23 1AW (disclosed as investment property). The charge was created in the name of Castle Trust Capital PLC on 31st August 2022.

The loan amounting to £332,775 is secured by the way of charge on the property situated at 81-83 Park Road, Blackpool FY1 4JF (disclosed as investment property). The charge was created in the name of Castle Trust Capital PLC on 31st August 2022.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

The company owes £804 to its director, Mr Laurens Zweitse Mirani as at accounting year end date.

The company owes £804 to its director, Miss Merel Johanna Petronella Ypinga as at accounting year end date.

The company owes £464,373 (including €527,000) to Mirani Holding B.V, a company registered in Netherlands (Company registered number: 005993775) as at accounting year end date , who is also a sole shareholder of the company as at accounting year end date.

The company owes £24,998 as at accounting year end date to Mirani Properties Ltd, a company registered in United Kingdom (Company registered number: 13151863). Mr Laurens Zweitse Mirani and Miss Merel Johanna Petronella Ypinga are also directors of this company.