Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 12674515 Mr Sukhdeep Gill Miss Amandeep Kaur iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12674515 2023-06-30 12674515 2024-06-30 12674515 2023-07-01 2024-06-30 12674515 frs-core:CurrentFinancialInstruments 2024-06-30 12674515 frs-core:Non-currentFinancialInstruments 2024-06-30 12674515 frs-core:InvestmentPropertyIncludedWithinPPE 2024-06-30 12674515 frs-core:InvestmentPropertyIncludedWithinPPE 2023-06-30 12674515 frs-core:OtherReservesSubtotal 2024-06-30 12674515 frs-core:ShareCapital 2024-06-30 12674515 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12674515 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12674515 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12674515 frs-bus:SmallEntities 2023-07-01 2024-06-30 12674515 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12674515 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12674515 frs-bus:Director1 2023-07-01 2024-06-30 12674515 frs-bus:Director2 2023-07-01 2024-06-30 12674515 frs-countries:EnglandWales 2023-07-01 2024-06-30 12674515 2022-06-30 12674515 2023-06-30 12674515 2022-07-01 2023-06-30 12674515 frs-core:CurrentFinancialInstruments 2023-06-30 12674515 frs-core:Non-currentFinancialInstruments 2023-06-30 12674515 frs-core:OtherReservesSubtotal 2023-06-30 12674515 frs-core:ShareCapital 2023-06-30 12674515 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 12674515
Mitee Properties Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12674515
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 146,000 146,000
146,000 146,000
CURRENT ASSETS
Debtors 5 397 337
Cash at bank and in hand 25,949 34,504
26,346 34,841
NET CURRENT ASSETS (LIABILITIES) 26,346 34,841
TOTAL ASSETS LESS CURRENT LIABILITIES 172,346 180,841
Creditors: Amounts Falling Due After More Than One Year 6 (129,378 ) (131,284 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,842 ) (3,767 )
NET ASSETS 40,126 45,790
CAPITAL AND RESERVES
Called up share capital 8 100 100
Other reserves 27,907 29,628
Profit and Loss Account 12,119 16,062
SHAREHOLDERS' FUNDS 40,126 45,790
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Sukhdeep Gill
Director
20/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mitee Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12674515 . The registered office is 1 Derwent Business Centre, Clarke Street, Derby, DE1 2BU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
2.3. Investment Properties
Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset.The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification. Changes in fair value are recognised in the profit and loss account.
2.4. Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
2.5. Related Party Transactions
Loans received from connected parties are recognised in the financial statements at the discounted present value using the effective interest rate method.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was as follows:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Investment Properties
£
Cost
As at 1 July 2023 146,000
As at 30 June 2024 146,000
Net Book Value
As at 30 June 2024 146,000
As at 1 July 2023 146,000
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 297 237
Other debtors 100 100
397 337
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 88,344 88,330
Other creditors 41,034 42,954
129,378 131,284
7. Secured Creditors
Of the creditors falling due within and after more than one year the following amount is secured by a fixed charge over the investment property. The mortgage is interest only with terms of 25 years.
2024 2023
£ £
Bank loans and overdrafts 88,344 88,330
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
At 30th June 2024 Mitee Properties Ltd owed £73,321 (2023 - £73,950) to Mitee Consultancy Ltd, a company in which Mr S Gill is a director and shareholder. The loan is subject to an annual interest rate of 1% above the Bank of England base rate and is repayable on 1st April 2041.
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