Company registration number SC255220 (Scotland)
LE MIRAGE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
LE MIRAGE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
LE MIRAGE LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
30 June 2024
31 March 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
350,921
Current assets
Stocks
-
1,178
Debtors
4
8,992
1,705
Cash at bank and in hand
3,793
16,420
12,785
19,303
Creditors: amounts falling due within one year
5
(9,538)
(253,455)
Net current assets/(liabilities)
3,247
(234,152)
Total assets less current liabilities
3,247
116,769
Creditors: amounts falling due after more than one year
6
-
0
(67,635)
Provisions for liabilities
-
0
(639)
Net assets
3,247
48,495
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
3,246
48,494
Total equity
3,247
48,495

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

LE MIRAGE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2024
30 June 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 9 August 2024
Mrs S Horne
Director
Company Registration No. SC255220
LE MIRAGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information

Le Mirage Limited is a private company limited by shares incorporated in Scotland. The registered office is 95 Torcy Drive, GIRVAN, Ayrshire, KA26 0EU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

On true30 June 2024, Le Mirage Limited ceased trading. The director has resolved to wind up the company in the near future. The director considered it inappropriate to prepare the financial statements on a going concern basis and therefore the director has prepared these financial statements on a break-up basis, as set out under the basis of preparation.

1.3
Reporting period

The length of the reporting period has been extended to 16 months, due to this being the final set of accounts for the company. The comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
nil
Fixtures and fittings
20% reducing balance
Computers
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

LE MIRAGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2023
Number
Number
Total
5
7
LE MIRAGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
- 5 -
3
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 April 2023
346,354
46,591
8,446
401,391
Disposals
(346,354)
(46,591)
(8,446)
(401,391)
At 30 June 2024
-
0
-
0
-
0
-
0
Depreciation and impairment
At 1 April 2023
-
0
44,817
5,653
50,470
Eliminated in respect of disposals
-
0
(44,817)
(5,653)
(50,470)
At 30 June 2024
-
0
-
0
-
0
-
0
Carrying amount
At 30 June 2024
-
0
-
0
-
0
-
0
At 31 March 2023
346,354
1,774
2,793
350,921

The title to the property in the balance sheet is held in the name of Mrs S Horne for the beneficial interest of the company.

4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
440
-
0
Other debtors
8,552
1,705
8,992
1,705
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
-
0
13,759
Corporation tax
7,618
7,310
Other taxation and social security
-
0
3,716
Other creditors
1,920
228,670
9,538
253,455
LE MIRAGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
- 6 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
-
0
67,635
2024-06-302023-04-01false09 August 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMrs S HornefalsefalseSC2552202023-04-012024-06-30SC2552202024-06-30SC2552202023-03-31SC255220core:LandBuildingscore:OwnedOrFreeholdAssets2024-06-30SC255220core:FurnitureFittings2024-06-30SC255220core:ComputerEquipment2024-06-30SC255220core:LandBuildingscore:OwnedOrFreeholdAssets2023-03-31SC255220core:FurnitureFittings2023-03-31SC255220core:ComputerEquipment2023-03-31SC255220core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-30SC255220core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-31SC255220core:Non-currentFinancialInstrumentscore:AfterOneYear2024-06-30SC255220core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-31SC255220core:CurrentFinancialInstruments2024-06-30SC255220core:CurrentFinancialInstruments2023-03-31SC255220core:ShareCapital2024-06-30SC255220core:ShareCapital2023-03-31SC255220core:RetainedEarningsAccumulatedLosses2024-06-30SC255220core:RetainedEarningsAccumulatedLosses2023-03-31SC255220bus:Director12023-04-012024-06-30SC255220core:LandBuildingscore:OwnedOrFreeholdAssets2023-04-012024-06-30SC255220core:FurnitureFittings2023-04-012024-06-30SC255220core:ComputerEquipment2023-04-012024-06-30SC2552202022-04-012023-03-31SC255220core:LandBuildingscore:OwnedOrFreeholdAssets2023-03-31SC255220core:FurnitureFittings2023-03-31SC255220core:ComputerEquipment2023-03-31SC2552202023-03-31SC255220core:WithinOneYear2024-06-30SC255220core:WithinOneYear2023-03-31SC255220core:Non-currentFinancialInstruments2024-06-30SC255220core:Non-currentFinancialInstruments2023-03-31SC255220bus:PrivateLimitedCompanyLtd2023-04-012024-06-30SC255220bus:SmallCompaniesRegimeForAccounts2023-04-012024-06-30SC255220bus:FRS1022023-04-012024-06-30SC255220bus:AuditExemptWithAccountantsReport2023-04-012024-06-30SC255220bus:FullAccounts2023-04-012024-06-30xbrli:purexbrli:sharesiso4217:GBP