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REGISTERED NUMBER: 05261698 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Miraculous Entertainment Limited

Miraculous Entertainment Limited (Registered number: 05261698)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Miraculous Entertainment Limited (Registered number: 05261698)

Balance Sheet
31 October 2023

2023 2022
as restated
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,821 6,428
Investment property 5 151,744 151,744
156,565 158,172

CURRENT ASSETS
Debtors 6 76,493 234,030
Cash at bank 830,609 759,805
907,102 993,835
CREDITORS
Amounts falling due within one year 7 (30,775 ) (94,637 )
NET CURRENT ASSETS 876,327 899,198
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,032,892

1,057,370

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 1,032,891 1,057,369
SHAREHOLDERS' FUNDS 1,032,892 1,057,370

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 July 2024 and were signed by:



P D Kieve - Director


Miraculous Entertainment Limited (Registered number: 05261698)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Miraculous Entertainment 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: 05261698

Registered office: Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR

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.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - Straight line over 10 years
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Miraculous Entertainment Limited (Registered number: 05261698)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 32,129
DEPRECIATION
At 1 November 2022 25,701
Charge for year 1,607
At 31 October 2023 27,308
NET BOOK VALUE
At 31 October 2023 4,821
At 31 October 2022 6,428

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 151,744
NET BOOK VALUE
At 31 October 2023 151,744
At 31 October 2022 151,744

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Other debtors 76,493 234,030

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade creditors 5,759 349
Taxation and social security 382 46,297
Other creditors 24,634 47,991
30,775 94,637

Miraculous Entertainment Limited (Registered number: 05261698)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. RESERVES
Retained
earnings
£   

At 1 November 2022 1,070,734
Prior year adjustment (13,365 )
1,057,369
Deficit for the year (24,478 )
At 31 October 2023 1,032,891