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REGISTERED NUMBER: 01036808 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Mirrorstoke Limited

Mirrorstoke Limited (Registered number: 01036808)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mirrorstoke Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: B N Gorst
VJ Gorst
J Buss





REGISTERED OFFICE: 290 High Street
Aldeburgh
Suffolk
IP15 5DQ





REGISTERED NUMBER: 01036808 (England and Wales)





ACCOUNTANTS: Hans Accounting Ltd
Chartered Certified Accountants
Buckingham House East
Buckingham Parade
Stanmore
Middlesex
HA7 4EB

Mirrorstoke Limited (Registered number: 01036808)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,321 3,096

CURRENT ASSETS
Stocks 8,833,194 8,838,578
Debtors 5 9,729,511 5,493,662
Cash at bank 1,427,148 4,961,763
19,989,853 19,294,003
CREDITORS
Amounts falling due within one year 6 2,996,982 3,174,185
NET CURRENT ASSETS 16,992,871 16,119,818
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,997,192

16,122,914

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 16,997,092 16,122,814
SHAREHOLDERS' FUNDS 16,997,192 16,122,914

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:





B N Gorst - Director


Mirrorstoke Limited (Registered number: 01036808)

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

1. STATUTORY INFORMATION

Mirrorstoke 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.

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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable for goods and services provided in the normal course of business, net of trade discounts, VAT and other sales related taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery - 25% of cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for any diminution in value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 taxation
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Mirrorstoke Limited (Registered number: 01036808)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 32,484
Additions 3,363
At 31 December 2023 35,847
DEPRECIATION
At 1 January 2023 29,388
Charge for year 2,138
At 31 December 2023 31,526
NET BOOK VALUE
At 31 December 2023 4,321
At 31 December 2022 3,096

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 131,637 35,100
Amounts owed by group undertakings 163 215
Other debtors 9,571,597 5,408,595
Prepayments and accrued income 26,114 49,752
9,729,511 5,493,662

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax 173,814 303,048
Social security and other taxes 945 929
VAT 46,500 46,747
Other creditors 1,567,948 1,537,177
Directors' loan accounts 1,194,215 1,279,584
Accruals and deferred income 13,560 6,700
2,996,982 3,174,185

The loans from the directors are non-interest bearing and have no fixed repayment dates but are considered to be repayable within 12 months.

7. RELATED PARTY DISCLOSURES

Included in other debtors are amounts due from the following companies, related via common directors.

Limitbrook Limited - £120,000
Clerks Well Properties Limited - £6,420,000
Clerks Well Developments Limited - £3,025,000