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REGISTERED NUMBER: 02809188 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 November 2023


for



Mirencliff Limited



Mirencliff Limited (Registered number: 02809188)








Contents of the Financial Statements

for the Year Ended 30 November 2023





Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

4




Chartered Accountants' Report  

7




Mirencliff Limited



Company Information

for the Year Ended 30 November 2023









DIRECTOR:

J B Cross







REGISTERED OFFICE:

Lakeview House


4 Woodbrook Crescent


Billericay


Essex


CM12 0EQ







REGISTERED NUMBER:

02809188 (England and Wales)







ACCOUNTANTS:

Mudd Partners LLP


Chartered Accountants


Lakeview House


4 Woodbrook Crescent


Billericay


Essex


CM12 0EQ



Mirencliff Limited (Registered number: 02809188)



Balance Sheet

30 November 2023



30.11.23

30.11.22



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

1,089,550


1,120,286




CURRENT ASSETS

Stocks

12,000


12,000



Debtors

5

424,989


336,777



Cash at bank

76,937


33,156



513,926


381,933



CREDITORS

Amounts falling due within one year

6

492,614


1,094,806



NET CURRENT ASSETS/(LIABILITIES)

21,312


(712,873

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

1,110,862


407,413




CREDITORS

Amounts falling due after more than one

year

7

701,634


23,992



NET ASSETS

409,228


383,421




CAPITAL AND RESERVES

Called up share capital

8

100


100



Revaluation reserve

9

285,759


285,759



Retained earnings

9

123,369


97,562



SHAREHOLDERS' FUNDS

409,228


383,421




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.  


The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.



Mirencliff Limited (Registered number: 02809188)



Balance Sheet - continued

30 November 2023



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 director and authorised for issue on 11 July 2024 and were signed by:






J B Cross - Director




Mirencliff Limited (Registered number: 02809188)



Notes to the Financial Statements

for the Year Ended 30 November 2023


1.

STATUTORY INFORMATION



Mirencliff 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 as modified by the revaluation of certain assets.    



Turnover


Turnover represents net invoiced sales of restaurant services, excluding value added tax (having regard to the fulfilment of contractual obligations).



Tangible fixed assets


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


Land and buildings

-

2% on cost


Plant and machinery etc

-

25% on cost



Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present 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 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.


Mirencliff Limited (Registered number: 02809188)



Notes to the Financial Statements - continued

for the Year Ended 30 November 2023


2.

ACCOUNTING POLICIES - continued



Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.


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.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 62 (2022 - 63 ) .


4.

TANGIBLE FIXED ASSETS


Plant and



Land and


machinery



buildings


etc


Totals

£   

£   

£   



COST OR VALUATION


At 1 December 2022


and 30 November 2023

1,500,941


232,059


1,733,000




DEPRECIATION


At 1 December 2022

391,655


221,059


612,714




Charge for year

27,986


2,750


30,736




At 30 November 2023

419,641


223,809


643,450




NET BOOK VALUE


At 30 November 2023

1,081,300


8,250


1,089,550




At 30 November 2022

1,109,286


11,000


1,120,286





Cost or valuation at 30 November 2023 is represented by:



Plant and



Land and


machinery



buildings


etc


Totals

£   

£   

£   



Valuation in 2019

1,500,941


-


1,500,941




Cost

-


232,059


232,059



1,500,941


232,059


1,733,000




5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



30.11.23


30.11.22

£   

£   



Amounts owed by group undertakings

422,094


333,882




Other debtors

2,895


2,895



424,989


336,777





Mirencliff Limited (Registered number: 02809188)



Notes to the Financial Statements - continued

for the Year Ended 30 November 2023


6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



30.11.23


30.11.22

£   

£   



Bank loans and overdrafts

10,000


10,000




Trade creditors

97,885


99,964




Taxation and social security

282,942


297,834




Other creditors

101,787


687,008



492,614


1,094,806




7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR



30.11.23


30.11.22

£   

£   



Bank loans

15,000


23,992




Other creditors

686,634


-



701,634


23,992




8.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

30.11.23


30.11.22


value:

£   

£   



100

Ordinary

£1

100


100




9.

RESERVES


Retained


Revaluation



earnings


reserve


Totals

£   

£   

£   




At 1 December 2022

97,562


285,759


383,321




Profit for the year

25,807


25,807




At 30 November 2023

123,369


285,759


409,128




Chartered Accountants' Report to the Director

on the Unaudited Financial Statements of

Mirencliff Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mirencliff Limited for the year ended 30 November 2023 on page nil from the company's accounting records and from information and explanations you have given us.


As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.  


This report is made solely to the director of Mirencliff Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mirencliff Limited and state those matters that we have agreed to state to the director of Mirencliff Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mirencliff Limited and its director for our work or for this report.    


It is your duty to ensure that Mirencliff Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mirencliff Limited. You consider that Mirencliff Limited is exempt from the statutory audit requirement for the year.  


We have not been instructed to carry out an audit or a review of the financial statements of Mirencliff Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.  







Mudd Partners LLP

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ



11 July 2024