Company registration number: 12301899
Unaudited financial statements
for the year ended 30 November 2024
for
Mika R G Ltd
Pages for filing with the Registrar
Company registration number: 12301899
Mika R G Ltd
Balance sheet
as at 30 November 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 74,070 30,841
Investments 5 276,978 412,678
351,048 443,519
Current assets
Debtors 29,737 32,695
Cash at bank and in hand 332,831 724,770
362,568 757,465
Creditors: amounts falling due within one
year
(157,232) (106,610)
Net current assets 205,336 650,855
Total assets less current liabilities 556,384 1,094,374
Creditors: Amounts falling due after more
than one year
(271,834) (1,049,985)
NET ASSETS 284,550 44,389
Capital and reserves
Called up share capital 2 2
Profit and loss account 284,548 44,387
TOTAL EQUITY 284,550 44,389
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 November 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 12301899
Mika R G Ltd
Balance sheet - continued
as at 30 November 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr J Hitter, Director
3 February 2025
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Mika R G Ltd
Notes to the financial statements
for the year ended 30 November 2024
1 Company information
Mika R G Ltd is a private company registered in England and Wales. Its registered number is 12301899. The company is limited by shares. Its registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Motor vehicles - 10% straight line
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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 balance sheet date.
3 Average number of employees
During the year the average number of employees was 2 (2023 - 2).
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Mika R G Ltd
Notes to the financial statements - continued
for the year ended 30 November 2024
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 December 2023 41,122
Additions 82,300
Disposals (41,122)
At 30 November 2024 82,300
Depreciation
At 1 December 2023 10,281
Charge for year 8,230
Eliminated on disposal (10,281)
At 30 November 2024 8,230
Net book value
At 30 November 2024 74,070
At 30 November 2023 30,841
5 Fixed asset investments
Investments other than loans
Loans
Other loans
£
At 1 December 2023 412,678
New in year 87,300
Repayment in year (223,000)
At 30 November 2024 276,978
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