Registered number
08007039
Mamiro Ltd
Unaudited Filleted Accounts
31 March 2024
Mamiro Ltd
Registered number: 08007039
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,300,299 3,334,620
Investments 4 15 15
3,300,314 3,334,635
Current assets
Debtors 5 117,028 185,626
Cash at bank and in hand 417,724 353,472
534,752 539,098
Creditors: amounts falling due within one year 6 (336,770) (530,466)
Net current assets 197,982 8,632
Total assets less current liabilities 3,498,296 3,343,267
Creditors: amounts falling due after more than one year 7 (2,102,126) (1,953,257)
Provisions for liabilities (34,020) (42,488)
Net assets 1,362,150 1,347,522
Capital and reserves
Called up share capital 150 150
Profit and loss account 1,362,000 1,347,372
Shareholders' funds 1,362,150 1,347,522
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The 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. The profit and loss account has not been delivered to the Registrar of Companies.
A Rogers
Director
Approved by the board on 4 September 2024
Mamiro Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 3,162,174 345,992 3,508,166
At 31 March 2024 3,162,174 345,992 3,508,166
Depreciation
At 1 April 2023 - 173,546 173,546
Charge for the year - 34,321 34,321
At 31 March 2024 - 207,867 207,867
Net book value
At 31 March 2024 3,162,174 138,125 3,300,299
At 31 March 2023 3,162,174 172,446 3,334,620
4 Investments
Other
investments
£
Cost
At 1 April 2023 15
At 31 March 2024 15
5 Debtors 2024 2023
£ £
Trade debtors 117,028 109,971
Other debtors - 75,655
117,028 185,626
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 236,328
Taxation and social security costs 244,583 242,926
Other creditors 92,187 51,212
336,770 530,466
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans (secured) 2,102,126 1,953,257
8 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 1,007,945 1,007,945
Secured bank loans 1,007,945 1,007,945
The loans are secured over the assets of the company.
9 Controlling party
Company is controlled by its directors.
10 Other information
Mamiro Ltd is a private company limited by shares and incorporated in England. Its registered office is:
838 Wickham Rd
Croydon
CR0 8ED
Mamiro Ltd 08007039 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 A Rogers No description of principal activity 08007039 2022-04-01 2023-03-31 08007039 core:WithinOneYear 2023-03-31 08007039 core:AfterOneYear 2023-03-31 08007039 core:ShareCapital 2023-03-31 08007039 core:RetainedEarningsAccumulatedLosses 2023-03-31 08007039 2023-04-01 2024-03-31 08007039 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08007039 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08007039 bus:Director40 2023-04-01 2024-03-31 08007039 1 2023-04-01 2024-03-31 08007039 2 2023-04-01 2024-03-31 08007039 core:LandBuildings 2023-04-01 2024-03-31 08007039 core:PlantMachinery 2023-04-01 2024-03-31 08007039 countries:England 2023-04-01 2024-03-31 08007039 bus:FRS102 2023-04-01 2024-03-31 08007039 bus:FilletedAccounts 2023-04-01 2024-03-31 08007039 2024-03-31 08007039 core:WithinOneYear 2024-03-31 08007039 core:AfterOneYear 2024-03-31 08007039 core:ShareCapital 2024-03-31 08007039 core:RetainedEarningsAccumulatedLosses 2024-03-31 08007039 core:LandBuildings 2024-03-31 08007039 core:PlantMachinery 2024-03-31 08007039 2023-03-31 08007039 core:LandBuildings 2023-03-31 08007039 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure