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REGISTERED NUMBER: 09276853 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

FOR

MIGO ENTERPRISES LIMITED

MIGO ENTERPRISES LIMITED (REGISTERED NUMBER: 09276853)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


MIGO ENTERPRISES LIMITED (REGISTERED NUMBER: 09276853)

BALANCE SHEET
5 APRIL 2023

5.4.23 5.4.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 16,638,007 20,655,611

CURRENT ASSETS
Debtors 5 5,574 5,794
Cash at bank 32,309 20,144
37,883 25,938
CREDITORS
Amounts falling due within one year 6 11,415,452 14,397,089
NET CURRENT LIABILITIES (11,377,569 ) (14,371,151 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,260,438

6,284,460

PROVISIONS FOR LIABILITIES 7 - 57,406
NET ASSETS 5,260,438 6,227,054

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 5,260,437 6,227,053
SHAREHOLDERS' FUNDS 5,260,438 6,227,054

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 November 2023 and were signed by:



Mr S Middleton - Director


MIGO ENTERPRISES LIMITED (REGISTERED NUMBER: 09276853)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

1. STATUTORY INFORMATION

Migo Enterprises Limited 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: 09276853

Registered office: 91 Walton Road
Stockton Heath
Warrington
Cheshire
WA4 6NR

The presentation currency of the financial statements is the Pound Sterling (£).


The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents investment income and is accounted for an accruals basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Once non-monetary assets have been translated and recorded at the rate of exchange ruling at the date of transaction they are carried in sterling. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

MIGO ENTERPRISES LIMITED (REGISTERED NUMBER: 09276853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

2. ACCOUNTING POLICIES - continued

Fixed asset investments
Fixed asset investments are re-stated to fair value at the year end using quoted prices at that date. With any changes in fair value going through the profit and loss account.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS

5.4.23 5.4.22
£    £   
Other investments not loans 16,638,007 20,655,611

Additional information is as follows:
Listed
investments
£   
COST OR VALUATION
At 6 April 2022 20,261,327
Additions 11,810,789
Disposals (15,072,003 )
Revaluations (460,072 )
At 5 April 2023 16,540,041
NET BOOK VALUE
At 5 April 2023 16,540,041
At 5 April 2022 20,261,327

The historic cost of investments was £16,770,561 (2022 - £20,031,702).

Investments (neither listed nor unlisted) were as follows:
5.4.23 5.4.22
£    £   
Cash 97,966 394,284

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Tax 5,574 5,794

MIGO ENTERPRISES LIMITED (REGISTERED NUMBER: 09276853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Corporation tax - 50,714
Directors' current accounts 11,407,771 14,338,304
Accruals and deferred income 7,681 8,071
11,415,452 14,397,089

7. PROVISIONS FOR LIABILITIES
5.4.23 5.4.22
£    £   
Deferred tax - 57,406

Deferred
tax
£   
Balance at 6 April 2022 57,406
Credit to Profit and Loss Account during year (57,406 )
Balance at 5 April 2023 -

8. RELATED PARTY DISCLOSURES

During the year the director introduced monies totalling £70,494 (2022: £nil) to the company and withdrew monies totalling £3,001,027 (2022: £1,000,000). An amount remained due to him at the year end of £11,407,771 (2022: £14,338,304).