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
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
Mibz Developments Limited
Statement of financial position
as at 31 December 2023
Tangible assets
877,392
877,392
Cash at bank and in hand
9,495
36,439
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
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
Mibz Developments Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 1 January 2023
1,117,170
At 31 December 2023
1,117,170
At 31 December 2023
239,778
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
Mibz Developments Limited
Notes to the Accounts
for the year ended 31 December 2023
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
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
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).