Company Registration No. 04094365 (England and Wales)
Mirage Developments Limited
Unaudited accounts
for the year ended 31 October 2023
Mirage Developments Limited
Unaudited accounts
Contents
Mirage Developments Limited
Company Information
for the year ended 31 October 2023
Company Number
04094365 (England and Wales)
Registered Office
PO Box 6154
Slough
SL1 0ED
Mirage Developments Limited
Statement of financial position
as at 31 October 2023
Tangible assets
9,244
1,554
Investment property
5,031,137
5,031,137
Cash at bank and in hand
166,974
1,071,979
Creditors: amounts falling due within one year
(2,179,578)
(2,917,180)
Net current liabilities
(1,128,657)
(1,025,101)
Net assets
3,911,724
4,007,590
Called up share capital
2
2
Profit and loss account
3,911,722
4,007,588
Shareholders' funds
3,911,724
4,007,590
For the year ending 31 October 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 July 2024 and were signed on its behalf by
Sonia Kaur
Director
Company Registration No. 04094365
Mirage Developments Limited
Notes to the Accounts
for the year ended 31 October 2023
Mirage Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 04094365. The registered office is PO Box 6154, Slough, SL1 0ED.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line basis
Motor vehicles
20% written down value basis
Computer equipment
20% written down value basis
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
33,000
-
1,818
34,818
Additions
-
10,001
-
10,001
At 31 October 2023
33,000
10,001
1,818
44,819
At 1 November 2022
33,000
-
264
33,264
Charge for the year
-
2,000
311
2,311
At 31 October 2023
33,000
2,000
575
35,575
At 31 October 2023
-
8,001
1,243
9,244
At 31 October 2022
-
-
1,554
1,554
Fair value at 1 November 2022
5,031,137
At 31 October 2023
5,031,137
Mirage Developments Limited
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Trade debtors
797,163
811,663
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,000,000
2,000,000
Trade creditors
2,620
25,467
Taxes and social security
166,962
307,965
Loans from directors
108
481,191
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).