Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false12023-04-01No description of principal activity1falsetrue 13311305 2023-04-01 2024-03-31 13311305 2022-04-01 2023-03-31 13311305 2024-03-31 13311305 2023-03-31 13311305 c:Director1 2023-04-01 2024-03-31 13311305 d:MotorVehicles 2023-04-01 2024-03-31 13311305 d:MotorVehicles 2024-03-31 13311305 d:MotorVehicles 2023-03-31 13311305 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13311305 d:ComputerEquipment 2023-04-01 2024-03-31 13311305 d:ComputerEquipment 2024-03-31 13311305 d:ComputerEquipment 2023-03-31 13311305 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13311305 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13311305 d:CurrentFinancialInstruments 2024-03-31 13311305 d:CurrentFinancialInstruments 2023-03-31 13311305 d:Non-currentFinancialInstruments 2024-03-31 13311305 d:Non-currentFinancialInstruments 2023-03-31 13311305 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13311305 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13311305 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 13311305 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 13311305 d:ShareCapital 2024-03-31 13311305 d:ShareCapital 2023-03-31 13311305 d:RetainedEarningsAccumulatedLosses 2024-03-31 13311305 d:RetainedEarningsAccumulatedLosses 2023-03-31 13311305 c:FRS102 2023-04-01 2024-03-31 13311305 c:Audited 2023-04-01 2024-03-31 13311305 c:FullAccounts 2023-04-01 2024-03-31 13311305 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13311305 c:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13311305 2 2023-04-01 2024-03-31 13311305 6 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 13311305









MIRAI FLY LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
MIRAI FLY LIMITED
REGISTERED NUMBER: 13311305

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
29,667
239,006

Investments
 5 
185,980
37,305

  
215,647
276,311

Current assets
  

Debtors: amounts falling due within one year
 6 
8,490,826
9,246,286

  
8,490,826
9,246,286

Creditors: amounts falling due within one year
 7 
(8,323,223)
(7,823,174)

Net current assets
  
 
 
167,603
 
 
1,423,112

Total assets less current liabilities
  
383,250
1,699,423

Creditors: amounts falling due after more than one year
 8 
-
(1,230,247)

  

Net assets
  
383,250
469,176


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
383,249
469,175

  
383,250
469,176


Page 1

 
MIRAI FLY LIMITED
REGISTERED NUMBER: 13311305
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R J Walsh
Director

Date: 17 January 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MIRAI FLY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Miray Fly Limited is a private company limited by shares and incorporated in England & Wales (registered number: 13311305). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
MIRAI FLY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
4 years
Computer equipment
-
5 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
MIRAI FLY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Valuation of investments

Investments in unlisted company shares and other investments whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
MIRAI FLY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Motor vehicles
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
277,975
1,798
279,773


Transfers between classes
(185,980)
-
(185,980)



At 31 March 2024

91,995
1,798
93,793



Depreciation


At 1 April 2023
40,248
519
40,767


Charge for the year on owned assets
22,999
360
23,359



At 31 March 2024

63,247
879
64,126



Net book value



At 31 March 2024
28,748
919
29,667



At 31 March 2023
237,727
1,279
239,006


5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 April 2023
37,305


Additions
185,980


Disposals
(37,305)



At 31 March 2024
185,980




Page 6

 
MIRAI FLY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
276,884
1,032,342

Other debtors
8,213,942
8,213,944

8,490,826
9,246,286



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,319
40,453

Amounts owed to group undertakings
7,123,302
5,978,887

Corporation tax
-
159,037

Other taxation and social security
-
4,467

Accruals and deferred income
1,193,602
1,640,330

8,323,223
7,823,174



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Accruals and deferred income
-
1,230,247

-
1,230,247



9.


Controlling party

The ultimate shareholder and controlling party is MCML Investments Limited, whose registered address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

Page 7

 
MIRAI FLY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2024 was qualified.

The qualification in the audit report was as follows:

We do not express an opinion on the accompanying financial statements of the Company. Because of thesignificance of the matter described in the basis for disclaimer of opinion section of our report, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on these financial statements.
Basis for disclaimer of opinion
We were unable to obtain sufficient appropriate audit evidence about multiple elements of the financial statements. The possible effects of this inability to obtain sufficient appropriate audit evidence are deemed to be both material and pervasive to the financial statements. 

The audit report was signed on 17 January 2025 by Hugh Lask (Senior Statutory Auditor) on behalf of Harris & Trotter LLP.

 
Page 8