Company registration number:
12842474
Miroma Ventures II Limited
Unaudited filleted financial statements
30 June 2024
Miroma Ventures II Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Miroma Ventures II Limited
Directors and other information
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Director |
M Boyan |
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Company number |
12842474 |
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Registered office |
Elsley Court 20-22 |
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Great Titchfield Street |
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London |
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W1W 8BE |
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Miroma Ventures II Limited
Statement of financial position
30 June 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Investments |
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4 |
7,500,000 |
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7,500,000 |
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_______ |
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_______ |
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7,500,000 |
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7,500,000 |
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Current assets |
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Debtors |
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5 |
2,484,100 |
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2,638,111 |
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Cash at bank and in hand |
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182,661 |
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27,894 |
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_______ |
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_______ |
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2,666,761 |
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2,666,005 |
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Creditors: amounts falling due |
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within one year |
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6 |
(
9,612,413) |
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(
9,645,277) |
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_______ |
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_______ |
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Net current liabilities |
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(
6,945,652) |
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(
6,979,272) |
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_______ |
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_______ |
Total assets less current liabilities |
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554,348 |
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520,728 |
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_______ |
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Net assets |
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554,348 |
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520,728 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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1,000 |
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1,000 |
Profit and loss account |
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553,348 |
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519,728 |
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_______ |
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_______ |
Shareholder funds |
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554,348 |
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520,728 |
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_______ |
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_______ |
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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.
Director's responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
31 January 2025
, and are signed on behalf of the board by:
M Boyan
Director
Company registration number:
12842474
Miroma Ventures II Limited
Notes to the financial statements
Year ended 30 June 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Elsley Court 20-22, Great Titchfield Street, London, W1W 8BE.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents gross invoiced sales of services, less value added tax, which are recognised when the services are provided
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4.
Investments
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Other investments other than loans |
Total |
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£ |
£ |
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Cost |
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At 1 July 2023 and 30 June 2024 |
7,500,000 |
7,500,000 |
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_______ |
_______ |
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Impairment |
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At 1 July 2023 and 30 June 2024 |
- |
- |
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_______ |
_______ |
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Carrying amount |
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At 30 June 2024 |
7,500,000 |
7,500,000 |
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_______ |
_______ |
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At 30 June 2023 |
7,500,000 |
7,500,000 |
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_______ |
_______ |
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The Company owns 5% of the issued share capital of Miroma Holdings Ltd, a Company incorporated in England and Wales. The Director of Miroma Ventures 11 Limited, Mr Marc Boyan, is also a Director of Miroma Holdings Ltd and holds a controlling interest in it.
5.
Debtors
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2024 |
2023 |
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£ |
£ |
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Trade debtors |
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166,801 |
- |
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Other debtors |
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2,317,299 |
2,638,111 |
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_______ |
_______ |
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2,484,100 |
2,638,111 |
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_______ |
_______ |
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6.
Creditors: amounts falling due within one year
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
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4,489,501 |
4,582,777 |
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Trade creditors |
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16 |
- |
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Corporation tax |
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10,421 |
- |
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Social security and other taxes |
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49,975 |
- |
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Other creditors |
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5,062,500 |
5,062,500 |
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_______ |
_______ |
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9,612,413 |
9,645,277 |
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_______ |
_______ |
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The loan note is due to a member of the Company.
7.
Controlling party
The Company is ultimately controlled by its Director