2023-04-062024-04-052024-04-05false13181599M.I.C. UK PROPERTY LTD2024-09-1368100iso4217:GBPxbrli:pure131815992023-04-06131815992024-04-05131815992023-04-062024-04-05131815992022-04-06131815992023-04-05131815992022-04-062023-04-0513181599bus:SmallEntities2023-04-062024-04-0513181599bus:AuditExempt-NoAccountantsReport2023-04-062024-04-0513181599bus:FullAccounts2023-04-062024-04-0513181599bus:PrivateLimitedCompanyLtd2023-04-062024-04-0513181599core:WithinOneYear2024-04-0513181599core:AfterOneYear2024-04-0513181599core:WithinOneYear2023-04-0513181599core:AfterOneYear2023-04-0513181599core:ShareCapital2024-04-0513181599core:SharePremium2024-04-0513181599core:RevaluationReserve2024-04-0513181599core:OtherReservesSubtotal2024-04-0513181599core:RetainedEarningsAccumulatedLosses2024-04-0513181599core:ShareCapital2023-04-0513181599core:SharePremium2023-04-0513181599core:RevaluationReserve2023-04-0513181599core:OtherReservesSubtotal2023-04-0513181599core:RetainedEarningsAccumulatedLosses2023-04-0513181599core:LandBuildings2024-04-0513181599core:PlantMachinery2024-04-0513181599core:Vehicles2024-04-0513181599core:FurnitureFittings2024-04-0513181599core:OfficeEquipment2024-04-0513181599core:NetGoodwill2024-04-0513181599core:IntangibleAssetsOtherThanGoodwill2024-04-0513181599core:ListedExchangeTraded2024-04-0513181599core:UnlistedNon-exchangeTraded2024-04-0513181599core:LandBuildings2023-04-0513181599core:PlantMachinery2023-04-0513181599core:Vehicles2023-04-0513181599core:FurnitureFittings2023-04-0513181599core:OfficeEquipment2023-04-0513181599core:NetGoodwill2023-04-0513181599core:IntangibleAssetsOtherThanGoodwill2023-04-0513181599core:ListedExchangeTraded2023-04-0513181599core:UnlistedNon-exchangeTraded2023-04-0513181599core:LandBuildings2023-04-062024-04-0513181599core:PlantMachinery2023-04-062024-04-0513181599core:Vehicles2023-04-062024-04-0513181599core:FurnitureFittings2023-04-062024-04-0513181599core:OfficeEquipment2023-04-062024-04-0513181599core:NetGoodwill2023-04-062024-04-0513181599core:IntangibleAssetsOtherThanGoodwill2023-04-062024-04-0513181599core:ListedExchangeTraded2023-04-062024-04-0513181599core:UnlistedNon-exchangeTraded2023-04-062024-04-0513181599core:MoreThanFiveYears2023-04-062024-04-0513181599core:Non-currentFinancialInstruments2024-04-0513181599core:Non-currentFinancialInstruments2023-04-0513181599dpl:CostSales2023-04-062024-04-0513181599dpl:DistributionCosts2023-04-062024-04-0513181599core:LandBuildings2023-04-062024-04-0513181599core:PlantMachinery2023-04-062024-04-0513181599core:Vehicles2023-04-062024-04-0513181599core:FurnitureFittings2023-04-062024-04-0513181599core:OfficeEquipment2023-04-062024-04-0513181599dpl:AdministrativeExpenses2023-04-062024-04-0513181599core:NetGoodwill2023-04-062024-04-0513181599core:IntangibleAssetsOtherThanGoodwill2023-04-062024-04-0513181599dpl:GroupUndertakings2023-04-062024-04-0513181599dpl:ParticipatingInterests2023-04-062024-04-0513181599dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-062024-04-0513181599core:ListedExchangeTraded2023-04-062024-04-0513181599dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-062024-04-0513181599core:UnlistedNon-exchangeTraded2023-04-062024-04-0513181599dpl:CostSales2022-04-062023-04-0513181599dpl:DistributionCosts2022-04-062023-04-0513181599core:LandBuildings2022-04-062023-04-0513181599core:PlantMachinery2022-04-062023-04-0513181599core:Vehicles2022-04-062023-04-0513181599core:FurnitureFittings2022-04-062023-04-0513181599core:OfficeEquipment2022-04-062023-04-0513181599dpl:AdministrativeExpenses2022-04-062023-04-0513181599core:NetGoodwill2022-04-062023-04-0513181599core:IntangibleAssetsOtherThanGoodwill2022-04-062023-04-0513181599dpl:GroupUndertakings2022-04-062023-04-0513181599dpl:ParticipatingInterests2022-04-062023-04-0513181599dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-062023-04-0513181599core:ListedExchangeTraded2022-04-062023-04-0513181599dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-062023-04-0513181599core:UnlistedNon-exchangeTraded2022-04-062023-04-0513181599core:NetGoodwill2024-04-0513181599core:IntangibleAssetsOtherThanGoodwill2024-04-0513181599core:LandBuildings2024-04-0513181599core:PlantMachinery2024-04-0513181599core:Vehicles2024-04-0513181599core:FurnitureFittings2024-04-0513181599core:OfficeEquipment2024-04-0513181599core:AfterOneYear2024-04-0513181599core:WithinOneYear2024-04-0513181599core:ListedExchangeTraded2024-04-0513181599core:UnlistedNon-exchangeTraded2024-04-0513181599core:ShareCapital2024-04-0513181599core:SharePremium2024-04-0513181599core:RevaluationReserve2024-04-0513181599core:OtherReservesSubtotal2024-04-0513181599core:RetainedEarningsAccumulatedLosses2024-04-0513181599core:NetGoodwill2023-04-0513181599core:IntangibleAssetsOtherThanGoodwill2023-04-0513181599core:LandBuildings2023-04-0513181599core:PlantMachinery2023-04-0513181599core:Vehicles2023-04-0513181599core:FurnitureFittings2023-04-0513181599core:OfficeEquipment2023-04-0513181599core:AfterOneYear2023-04-0513181599core:WithinOneYear2023-04-0513181599core:ListedExc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M.I.C. UK PROPERTY LTD

Registered Number
13181599
(England and Wales)

Unaudited Financial Statements for the Year ended
5 April 2024

M.I.C. UK PROPERTY LTD
Company Information
for the year from 6 April 2023 to 5 April 2024

Director

STEWART-MOLE, Edmund

Registered Address

1 Cornmantle Court
2 Parsonage Barn Lane
Ringwood
BH24 1WJ

Registered Number

13181599 (England and Wales)
M.I.C. UK PROPERTY LTD
Balance Sheet as at
5 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3728,540729,894
728,540729,894
Current assets
Cash at bank and on hand103
103
Creditors amounts falling due within one year4(266,683)(257,093)
Net current assets (liabilities)(266,673)(257,090)
Total assets less current liabilities461,867472,804
Creditors amounts falling due after one year5(508,618)(515,184)
Net assets(46,751)(42,380)
Capital and reserves
Called up share capital100100
Profit and loss account(46,851)(42,480)
Shareholders' funds(46,751)(42,380)
The financial statements were approved and authorised for issue by the Director on 13 September 2024, and are signed on its behalf by:
STEWART-MOLE, Edmund
Director
Registered Company No. 13181599
M.I.C. UK PROPERTY LTD
Notes to the Financial Statements
for the year ended 5 April 2024

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.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Borrowing costs
Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery25-
Fixtures and fittings-33
Trade and other debtors
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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
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.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Total

££££
Cost or valuation
At 06 April 23725,4797,2561,000733,735
At 05 April 24725,4797,2561,000733,735
Depreciation and impairment
At 06 April 23-3,1756663,841
Charge for year-1,0203341,354
At 05 April 24-4,1951,0005,195
Net book value
At 05 April 24725,4793,061-728,540
At 05 April 23725,4794,081334729,894
4.Creditors: amounts due within one year

2024

2023

££
Other creditors265,459255,821
Accrued liabilities and deferred income1,2241,272
Total266,683257,093
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts508,618515,184
Total508,618515,184