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REGISTERED NUMBER: 03790138 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Miradel Investment Company Limited

Miradel Investment Company Limited (Registered number: 03790138)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Miradel Investment Company Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M D Chan
Ms S S Yeung





SECRETARY: Miss S S Yeung





REGISTERED OFFICE: 70 Pine Hill
Epsom
Surrey
KT18 7BQ





REGISTERED NUMBER: 03790138 (England and Wales)





ACCOUNTANTS: ACL & Co
Chartered Certified Accountants
The Coach House
1 Howard Road
Reigate
RH2 7JE

Miradel Investment Company Limited (Registered number: 03790138)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,261,391 2,289,468

CURRENT ASSETS
Debtors 5 5,928 3,560
Cash at bank 2,927 9,446
8,855 13,006
CREDITORS
Amounts falling due within one year 6 565,506 531,393
NET CURRENT LIABILITIES (556,651 ) (518,387 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,704,740

1,771,081

CREDITORS
Amounts falling due after more than
one year

7

935,511

1,001,250
NET ASSETS 769,229 769,831

CAPITAL AND RESERVES
Called up share capital 1,900 1,900
Share premium 484,100 484,100
Capital reserves 449,650 449,650
Retained earnings (166,421 ) (165,819 )
SHAREHOLDERS' FUNDS 769,229 769,831

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Miradel Investment Company Limited (Registered number: 03790138)

Balance Sheet - continued
31 March 2024


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 31 October 2024 and were signed on its behalf by:





M D Chan - Director


Miradel Investment Company Limited (Registered number: 03790138)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Miradel Investment Company 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - at varying rates on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Long and
property leasehold fittings
£    £    £   
COST
At 1 April 2023 258,310 2,153,947 16,912
Additions - - -
At 31 March 2024 258,310 2,153,947 16,912
DEPRECIATION
At 1 April 2023 49,994 108,315 16,266
Charge for year - 21,539 162
At 31 March 2024 49,994 129,854 16,428
NET BOOK VALUE
At 31 March 2024 208,316 2,024,093 484
At 31 March 2023 208,316 2,045,632 646

Miradel Investment Company Limited (Registered number: 03790138)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 61,709 690 2,491,568
Additions - 3,123 3,123
At 31 March 2024 61,709 3,813 2,494,691
DEPRECIATION
At 1 April 2023 26,998 527 202,100
Charge for year 8,678 821 31,200
At 31 March 2024 35,676 1,348 233,300
NET BOOK VALUE
At 31 March 2024 26,033 2,465 2,261,391
At 31 March 2023 34,711 163 2,289,468

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 3,429 3,560
Other debtors 2,499 -
5,928 3,560

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 37,878 43,192
Social security and other taxes 498 662
Directors' current accounts 525,383 485,979
Accrued expenses 1,747 1,560
565,506 531,393

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 935,511 1,001,250

8. ULTIMATE CONTROLLING PARTY

The controlling party is Ms S S Yeung.