Acorah Software Products - Accounts Production 14.5.601 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 10912496 Mrs Jane Miles Mr Robert Miles iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10912496 2022-08-31 10912496 2023-08-31 10912496 2022-09-01 2023-08-31 10912496 frs-core:CurrentFinancialInstruments 2023-08-31 10912496 frs-core:Non-currentFinancialInstruments 2023-08-31 10912496 frs-core:InvestmentPropertyIncludedWithinPPE 2023-08-31 10912496 frs-core:InvestmentPropertyIncludedWithinPPE 2022-08-31 10912496 frs-core:ShareCapital 2023-08-31 10912496 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 10912496 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 10912496 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 10912496 frs-bus:SmallEntities 2022-09-01 2023-08-31 10912496 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 10912496 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 10912496 frs-bus:Director1 2022-09-01 2023-08-31 10912496 frs-bus:Director2 2022-09-01 2023-08-31 10912496 frs-countries:EnglandWales 2022-09-01 2023-08-31 10912496 2021-08-31 10912496 2022-08-31 10912496 2021-09-01 2022-08-31 10912496 frs-core:CurrentFinancialInstruments 2022-08-31 10912496 frs-core:Non-currentFinancialInstruments 2022-08-31 10912496 frs-core:ShareCapital 2022-08-31 10912496 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 10912496
MiCo Property Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
The Numbers Studio
Chartered Accountants
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10912496
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 177,036 177,036
177,036 177,036
CURRENT ASSETS
Cash at bank and in hand 802 1,282
802 1,282
Creditors: Amounts Falling Due Within One Year 6 (51,082 ) (48,302 )
NET CURRENT ASSETS (LIABILITIES) (50,280 ) (47,020 )
TOTAL ASSETS LESS CURRENT LIABILITIES 126,756 130,016
Creditors: Amounts Falling Due After More Than One Year 7 (136,287 ) (134,000 )
NET LIABILITIES (9,531 ) (3,984 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (9,631 ) (4,084 )
SHAREHOLDERS' FUNDS (9,531) (3,984)
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Page 2
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Robert Miles
Director
30 April 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
MiCo Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10912496 . The registered office is First Floor Offices , 130 Queens Road, Brighton, East Sussex, BN1 3WB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Investment Properties
£
Cost
As at 1 September 2022 177,036
As at 31 August 2023 177,036
Net Book Value
As at 31 August 2023 177,036
As at 1 September 2022 177,036
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5. Debtors
2023 2022
£ £
Due within one year
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1 -
Accruals and deferred income 50 50
Directors' loan accounts 51,031 48,252
51,082 48,302
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 136,287 134,000
136,287 134,000
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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