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REGISTERED NUMBER: 10294842 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MITIER LIMITED

MITIER LIMITED (REGISTERED NUMBER: 10294842)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MITIER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr C Reasbeck
Mrs H M Reasbeck





SECRETARY: Mrs H M Reasbeck





REGISTERED OFFICE: Unit A
82 James Carter Road
Mildenhall
Sufforlk
IP28 7DE





REGISTERED NUMBER: 10294842 (England and Wales)





ACCOUNTANTS: Per Annum Accounting Limited
61 High Street
Harlaxton
Grantham
Lincolnshire
NG32 1JA

MITIER LIMITED (REGISTERED NUMBER: 10294842)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 420,103 565,000

CURRENT ASSETS
Debtors 5 - 3,325
Cash at bank 235,486 35,778
235,486 39,103
CREDITORS
Amounts falling due within one year 6 233,766 122,732
NET CURRENT ASSETS/(LIABILITIES) 1,720 (83,629 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

421,823

481,371

PROVISIONS FOR LIABILITIES 8,771 21,923
NET ASSETS 413,052 459,448

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 329,972 329,972
Retained earnings 82,980 129,376
413,052 459,448

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.

MITIER LIMITED (REGISTERED NUMBER: 10294842)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





Mrs H M Reasbeck - Director


MITIER LIMITED (REGISTERED NUMBER: 10294842)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Mitier 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

MITIER LIMITED (REGISTERED NUMBER: 10294842)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 565,000
Additions 120,103
Disposals (219,712 )
Revaluations (45,288 )
At 31 December 2023 420,103
NET BOOK VALUE
At 31 December 2023 420,103
At 31 December 2022 565,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2021 46,161
Cost 373,942
420,103

If investment property had not been revalued it would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 373,942 449,617

Investment property was valued on an open market basis basis on 31 December 2023 by the company directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 3,325

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 4,145 4,793
Other creditors 229,621 117,939
233,766 122,732

MITIER LIMITED (REGISTERED NUMBER: 10294842)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. RELATED PARTY DISCLOSURES

Included in other creditors due withing one year are the following:

£114,928 owed to a company director (2022 - £114,928).

£32,347 jointly owed to the directors (2022 - nil).

These are balances in respect of a properties transferred to the company at market value.

There is also a loan of £80,000 (2022 - nil) from a company owned by one of the directors.

No interest has been charged and there are no formal repayment terms.

The company is controlled by the directors.