1 January 2023 false No description of principal activity Taxfiler 2024.5 05227021business:PrivateLimitedCompanyLtd2023-01-012023-12-31 052270212022-12-31 052270212023-01-012023-12-31 05227021business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 05227021business:FilletedAccounts2023-01-012023-12-31 052270212023-12-31 05227021business:Director12023-01-012023-12-31 05227021business:RegisteredOffice2023-01-012023-12-31 052270212022-12-31 05227021core:WithinOneYear2023-12-31 05227021core:WithinOneYear2022-12-31 05227021core:AfterOneYear2023-12-31 05227021core:AfterOneYear2022-12-31 05227021core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 05227021core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 05227021core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 05227021core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 05227021core:PreviouslyStatedAmount2023-12-31 05227021core:PreviouslyStatedAmount2022-12-31 05227021business:SmallEntities2023-01-012023-12-31 05227021countries:EnglandWales2023-01-012023-12-31 05227021core:LandBuildings2022-12-31 05227021core:LandBuildings2023-12-31 052270212022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 05227021 (England and Wales)
Mibz Developments Limited Unaudited accounts for the year ended 31 December 2023
Mibz Developments Limited Unaudited accounts Contents
Page
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Mibz Developments Limited Company Information for the year ended 31 December 2023
Director
Mohammed Yusuf Zaman
Company Number
05227021 (England and Wales)
Registered Office
245C HECKMONDWIKE ROAD DEWSBURY WF13 3NF ENGLAND
Accountants
AMS Accountants SBU Ltd Wesley Place Wellington Road Dewsbury WF13 1HD
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Mibz Developments Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
877,392 
877,392 
Investments
50,000 
50,000 
927,392 
927,392 
Current assets
Debtors
12,985 
7,785 
Cash at bank and in hand
9,495 
36,439 
22,480 
44,224 
Creditors: amounts falling due within one year
(45,052)
(25,718)
Net current (liabilities)/assets
(22,572)
18,506 
Total assets less current liabilities
904,820 
945,898 
Creditors: amounts falling due after more than one year
(700,824)
(699,203)
Provisions for liabilities
Deferred tax
(32,144)
(32,144)
Net assets
171,852 
214,551 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
171,752 
214,451 
Shareholders' funds
171,852 
214,551 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 October 2024 and were signed on its behalf by
Mohammed Yusuf Zaman Director Company Registration No. 05227021
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Mibz Developments Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Mibz Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 05227021. The registered office is 245C HECKMONDWIKE ROAD, DEWSBURY, WF13 3NF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 January 2023
1,117,170 
At 31 December 2023
1,117,170 
Depreciation
At 1 January 2023
239,778 
At 31 December 2023
239,778 
Net book value
At 31 December 2023
877,392 
At 31 December 2022
877,392 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2023
50,000 
Valuation at 31 December 2023
50,000 
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Mibz Developments Limited Notes to the Accounts for the year ended 31 December 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
12,985 
7,785 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
3,414 
8,885 
Other creditors
41,638 
16,833 
45,052 
25,718 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
129,676 
129,676 
Loans from directors
571,148 
569,527 
700,824 
699,203 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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