2022-09-012023-08-312023-08-31false09729918MIRA FOODS INTERNATIONAL (UK) 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MIRA FOODS INTERNATIONAL (UK) LIMITED

Registered Number
09729918
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2023

MIRA FOODS INTERNATIONAL (UK) LIMITED
Company Information
for the year from 1 September 2022 to 31 August 2023

Directors

Mazen Saleh Almugbel
O'CONNOR, Smith
SHAT, Abdalrahman

Registered Address

Suite One
20a Berkeley Street
London
W1J 8EE

Registered Number

09729918 (England and Wales)
MIRA FOODS INTERNATIONAL (UK) LIMITED
Balance Sheet as at
31 August 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets31,916,7531,833,865
1,916,7531,833,865
Current assets
Debtors4834,6421,014,963
Cash at bank and on hand97,771322,569
932,4131,337,532
Creditors amounts falling due within one year5(3,737,248)(2,396,912)
Net current assets (liabilities)(2,804,835)(1,059,380)
Total assets less current liabilities(888,082)774,485
Creditors amounts falling due after one year(4,553,132)(3,945,225)
Net assets(5,441,214)(3,170,740)
Capital and reserves
Called up share capital11
Profit and loss account(5,441,215)(3,170,741)
Shareholders' funds(5,441,214)(3,170,740)
The financial statements were approved and authorised for issue by the Board of Directors on 31 August 2024, and are signed on its behalf by:
Mazen Saleh Almugbel
Director
Registered Company No. 09729918
MIRA FOODS INTERNATIONAL (UK) LIMITED
Notes to the Financial Statements
for the year ended 31 August 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Land and buildings15
Plant and machinery7
Office Equipment3
2.Average number of employees

20232022
Average number of employees during the year280
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 September 221,894,537
Additions340,994
At 31 August 232,083,433
Depreciation and impairment
At 01 September 2260,672
Charge for year258,106
At 31 August 23166,679
Net book value
At 31 August 231,916,753
At 31 August 221,833,865
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables4,402-
Other debtors751,107782,144
Called up share capital not paid, current asset11
Prepayments and accrued income79,132232,818
Total834,6421,014,963
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables305,789377,240
Amounts owed to related parties2,606,7461,611,666
Taxation and social security218,8177,480
Other creditors605,896400,526
Total3,737,2482,396,912
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.