Mi-Pac Newco Limited
Registered number: 09349486
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Investments 2 1,500,000 1,500,000
1,500,000 1,500,000
Current assets
Debtors: amounts falling due within one year 1 1
Creditors: amounts falling due within one year 34,000 34,000
Net current assets 1,466,001 1,466,001
Total assets less current liabilities 1,466,001 1,466,001
Net assets 1,466,001 1,466,001
Capital and reserves
Called up share capital 74 74
Share premium account 7,461,418 7,461,418
Profit and loss account (5,995,491) (5,995,491)
Shareholders' funds 1,466,001 1,466,001
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 480 of the Companies Act 2006 relating to dormant companies.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. A profit and loss account has not been delivered to the Registrar of Companies.
R X Boissevain
Director
Approved by the board on 20 September 2024
Mi-Pac Newco Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
The accounts have been prepared under the historical cost convention.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
2 Investments £
Investments in subsidiary companies:
Cost
At 1 February 2023 8,609,211
Additions -
Disposals -
At 31 January 2024 8,609,211
Amortisation
At 1 February 2023 7,109,211
Provided during the year -
On disposals -
At 31 January 2024 7,109,211
Net book value
At 31 January 2024 1,500,000
At 31 January 2023 1,500,000
3 Other information
Mi-Pac Newco Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Rear Buffer Depot
Badminton Road
Acton Turville
Badminton
Avon
GL9 1HE
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