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REGISTERED NUMBER: 12581372 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2023 TO 29 FEBRUARY 2024

FOR

MICHAELA CONSULTANCY LTD

MICHAELA CONSULTANCY LTD (REGISTERED NUMBER: 12581372)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 29 FEBRUARY 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


MICHAELA CONSULTANCY LTD (REGISTERED NUMBER: 12581372)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 470,000 382,853

CURRENT ASSETS
Cash at bank 4,741 3,912

CREDITORS
Amounts falling due within one year 5 162,772 160,662
NET CURRENT LIABILITIES (158,031 ) (156,750 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

311,969

226,103

CREDITORS
Amounts falling due after more than one
year

6

(229,027

)

(232,559

)

PROVISIONS FOR LIABILITIES (21,787 ) -
NET ASSETS/(LIABILITIES) 61,155 (6,456 )

CAPITAL AND RESERVES
Called up share capital 8 300 300
Other reserves 65,361 -
Retained earnings (4,506 ) (6,756 )
SHAREHOLDERS' FUNDS 61,155 (6,456 )

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2024.

The members have not required the Company to obtain an audit of its financial statements for the period ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MICHAELA CONSULTANCY LTD (REGISTERED NUMBER: 12581372)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 November 2024 and were signed by:





C Michaela - Director


MICHAELA CONSULTANCY LTD (REGISTERED NUMBER: 12581372)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Michaela Consultancy Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12581372

Registered office: 368 Forest Road
London
E17 5JF

The presentation currency of the financial statements is the Pound Sterling (£).


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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

MICHAELA CONSULTANCY LTD (REGISTERED NUMBER: 12581372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 29 FEBRUARY 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 382,853
Revaluations 87,147
At 29 February 2024 470,000
NET BOOK VALUE
At 29 February 2024 470,000
At 31 December 2022 382,853

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 29 February 2024 by the Director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2024 470,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts (see note 7) 26,952 24,765
Taxation and social security 115 -
Other creditors 135,705 135,897
162,772 160,662

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2022
£    £   
Bank loans (see note 7) 229,027 232,559

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 121,219 126,885

MICHAELA CONSULTANCY LTD (REGISTERED NUMBER: 12581372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 29 FEBRUARY 2024


7. LOANS

An analysis of the maturity of loans is given below:

2024 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 26,952 24,765

Amounts falling due between one and two years:
Bank loans - 1-2 years 26,952 26,418

Amounts falling due between two and five years:
Bank loans - 2-5 years 80,856 79,256

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 121,219 126,885

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2022
value: £    £   
100 Ordinary £1 100 100
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
300 300

9. RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:

20242022
£   £   
Amounts owed by/(to) C Michaela (Director)(134,385)(134,937)

10. ULTIMATE CONTROLLING PARTY

The controlling party is C Michaela.