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Company registration number:
14131865
MIMARY GROUP LTD
Unaudited filleted financial statements
31 May 2023
MIMARY GROUP LTD
Contents
Directors and other information
Directors report
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
MIMARY GROUP LTD
Directors and other information
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Directors |
Mr Zeyad M HELAL |
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Mr Mazen HELAL |
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Company number |
14131865 |
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Registered office |
71-75 Shelton Street |
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Covent Garden |
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London |
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WC2H 9JQ |
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Business address |
71-75 Shelton Street |
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Covent Garden |
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London |
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WC2H 9JQ |
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Accountants |
STERLING WISE |
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Chartered Certified Accountants |
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85 Lynton Avenue |
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London |
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NW9 6PB |
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MIMARY GROUP LTD
Directors report
Period ended 31 May 2023
The directors present their report and the unaudited financial statements of the company for the period ended 31 May 2023.
Directors
The directors who served the company during the period were as follows:
|
Mr Zeyad M HELAL |
Mr Mazen HELAL |
|
Directors responsibilities statement
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial period. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
-
select suitable accounting policies and then apply them consistently;
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make judgments and accounting estimates that are reasonable and prudent; and
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
23 February 2023
and signed on behalf of the board by:
Mr Zeyad M HELAL
Director
MIMARY GROUP LTD
Report to the board of directors on the preparation of the
unaudited statutory financial statements of MIMARY GROUP LTD
Period ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MIMARY GROUP LTD for the period ended 31 May 2023 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of MIMARY GROUP LTD, as a body, in accordance with the terms of our engagement letter dated 5 December 2022. Our work has been undertaken solely to prepare for your approval the financial statements of MIMARY GROUP LTD and state those matters that we have agreed to state to the board of directors of MIMARY GROUP LTD as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MIMARY GROUP LTD and its board of directors as a body for our work or for this report.
It is your duty to ensure that MIMARY GROUP LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of MIMARY GROUP LTD. You consider that MIMARY GROUP LTD is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of MIMARY GROUP LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
STERLING WISE
Chartered Certified Accountants
85 Lynton Avenue
London
NW9 6PB
23 February 2023
MIMARY GROUP LTD
Statement of financial position
31 May 2023
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31/05/23 |
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Note |
£ |
|
£ |
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|
|
|
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|
|
|
|
|
|
|
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|
Current assets |
|
|
|
|
|
|
|
|
|
Debtors |
|
4 |
23,058 |
|
|
|
|
|
|
Investments |
|
5 |
2,383,419 |
|
|
|
|
|
|
Cash at bank and in hand |
|
|
1,448 |
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
2,407,925 |
|
|
|
|
|
|
Creditors: amounts falling due |
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|
|
|
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|
|
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|
within one year |
|
6 |
(
3,319,453) |
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
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Net current liabilities |
|
|
|
|
(
911,528) |
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|
|
|
|
|
|
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|
_______ |
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Total assets less current liabilities |
|
|
|
|
(
911,528) |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
_______ |
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Net liabilities |
|
|
|
|
(
911,528) |
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|
|
|
|
|
|
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_______ |
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Capital and reserves |
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Called up share capital |
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|
100 |
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|
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Profit and loss account |
|
|
|
|
(
911,628) |
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|
|
|
|
|
|
|
|
_______ |
|
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|
Shareholders deficit |
|
|
|
|
(
911,528) |
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|
|
|
|
|
|
|
_______ |
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|
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For the period ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
23 February 2023
, and are signed on behalf of the board by:
Mr Zeyad M HELAL
Director
Company registration number:
14131865
MIMARY GROUP LTD
Statement of changes in equity
Period ended 31 May 2023
|
|
Called up share capital |
Profit and loss account |
Total |
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|
£ |
£ |
£ |
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At 25 May 2022 |
|
100 |
- |
100 |
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|
|
|
|
|
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|
|
|
|
|
|
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Loss for the period |
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|
(
911,628) |
(
911,628) |
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|
|
|
|
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|
_______ |
_______ |
_______ |
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|
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Total comprehensive income for the period |
|
- |
(
911,628) |
(
911,628) |
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|
|
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|
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|
|
|
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_______ |
_______ |
_______ |
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At 31 May 2023 |
|
100 |
(
911,628) |
(
911,528) |
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|
|
|
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|
_______ |
_______ |
_______ |
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MIMARY GROUP LTD
Notes to the financial statements
Period ended 31 May 2023
1.
General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
4.
Debtors
|
|
|
31/05/23 |
|
|
|
|
£ |
|
|
Other debtors |
|
23,058 |
|
|
|
|
_______ |
|
|
|
|
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5.
Investments
|
|
|
31/05/23 |
|
|
|
|
£ |
|
|
Investments in group undertakings |
|
2,383,419 |
|
|
|
|
_______ |
|
|
|
|
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6.
Creditors: amounts falling due within one year
|
|
|
31/05/23 |
|
|
|
|
£ |
|
|
Bank loans and overdrafts |
|
2,330,569 |
|
|
Trade creditors |
|
116,123 |
|
|
Other creditors |
|
872,761 |
|
|
|
|
_______ |
|
|
|
|
3,319,453 |
|
|
|
|
_______ |
|
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|
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|
|