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REGISTERED NUMBER: 10768972 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

MIRO DEVELOPMENTS LIMITED

MIRO DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10768972)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MIRO DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: R Colton
M L Jones





REGISTERED OFFICE: C/O CBHC Ltd
Steeple House, Suite 3, 1st Floor
Church Lane
Chemsford
Essex
CM1 1NH





REGISTERED NUMBER: 10768972 (England and Wales)





ACCOUNTANTS: CBHC Limited
Suite 3, Steeple House
Church Lane
Chelmsford
Essex
CM1 1NH

MIRO DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10768972)

BALANCE SHEET
31 MAY 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 358,590 422,000
Investments 5 - 50
358,590 422,050

CURRENT ASSETS
Stocks 447,968 97,355
Cash at bank 840 198
448,808 97,553
CREDITORS
Amounts falling due within one year 6 744,890 442,356
NET CURRENT LIABILITIES (296,082 ) (344,803 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,508

77,247

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 62,408 77,147
SHAREHOLDERS' FUNDS 62,508 77,247

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

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

MIRO DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10768972)

BALANCE SHEET - continued
31 MAY 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 11 January 2024 and were signed on its behalf by:





M L Jones - Director


MIRO DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10768972)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

MiRo Developments 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.

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


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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

MIRO DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10768972)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 June 2022 422,000
Additions 358,590
Disposals (422,000 )
At 31 May 2023 358,590
NET BOOK VALUE
At 31 May 2023 358,590
At 31 May 2022 422,000

5. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 June 2022 1,276,173
Disposals (50 )
At 31 May 2023 1,276,123
PROVISIONS
At 1 June 2022
and 31 May 2023 1,276,123
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 50

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Other creditors 744,890 442,356

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed M Jones £6,344 (2022: £4,857) and R Colton £6,876 (2022: £4,857).

MIRO DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10768972)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


8. RELATED PARTY DISCLOSURES

Included in "Creditors: Amounts Falling Due Within One Year" is £730,986 (2022: £431,991) owing to Unimains Limited, a company under similar ownership.