Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-3122022-08-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09150100 2022-08-01 2023-07-31 09150100 2021-08-01 2022-07-31 09150100 2023-07-31 09150100 2022-07-31 09150100 c:Director1 2022-08-01 2023-07-31 09150100 d:FreeholdInvestmentProperty 2023-07-31 09150100 d:FreeholdInvestmentProperty 2022-07-31 09150100 d:CurrentFinancialInstruments 2023-07-31 09150100 d:CurrentFinancialInstruments 2022-07-31 09150100 d:Non-currentFinancialInstruments 2023-07-31 09150100 d:Non-currentFinancialInstruments 2022-07-31 09150100 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 09150100 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 09150100 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 09150100 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 09150100 d:ShareCapital 2023-07-31 09150100 d:ShareCapital 2022-07-31 09150100 d:RevaluationReserve 2023-07-31 09150100 d:RevaluationReserve 2022-07-31 09150100 d:RetainedEarningsAccumulatedLosses 2023-07-31 09150100 d:RetainedEarningsAccumulatedLosses 2022-07-31 09150100 c:FRS102 2022-08-01 2023-07-31 09150100 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 09150100 c:FullAccounts 2022-08-01 2023-07-31 09150100 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09150100 5 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure
Company registration number: 09150100







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2023


MIRAVAL LIMITED






































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MIRAVAL LIMITED
REGISTERED NUMBER:09150100



STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
  
1,543,302
1,543,302

  
1,543,302
1,543,302

Current assets
  

Debtors
  
409
4,436

Cash at bank and in hand
  
30,680
15,461

  
31,089
19,897

Creditors: amounts falling due within one year
 6 
(75,226)
(71,458)

Net current liabilities
  
 
 
(44,137)
 
 
(51,561)

Total assets less current liabilities
  
1,499,165
1,491,741

Creditors: amounts falling due after more than one year
  
(1,338,101)
(1,338,101)

Provisions for liabilities
  
(20,283)
(20,283)

Net assets
  
140,781
133,357


Capital and reserves
  

Called up share capital 
  
100
100

Investment property fair value
  
129,416
129,416

Retained earnings
  
11,265
3,841

  
140,781
133,357


Page 1

 


MIRAVAL LIMITED
REGISTERED NUMBER:09150100


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
A D Loustau
Director

Date: 9 April 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


MIRAVAL LIMITED
 


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

1.


General information

Miraval 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

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 


MIRAVAL LIMITED
 


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

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

  
2.5

Investment property

Investment property is carried at fair value determined annually by the directrors of the company 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. Changes in fair value are recognised in profit or loss.

 
2.6

Financial instruments

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Page 4

 


MIRAVAL LIMITED
 


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

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 August 2022
1,543,302



At 31 July 2023
1,543,302

The 2023 valuations were made by the directors, on an open market value for existing use basis.





5.


Debtors

2023
2022
£
£


Other debtors
409
4,436

409
4,436



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
13,477
6,193

Other creditors
60,774
64,290

Accruals and deferred income
975
975

75,226
71,458



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
1,338,101
1,338,101

1,338,101
1,338,101


 
Page 5