Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-31No description of principal activity0false2023-11-010falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03828573 2023-11-01 2024-10-31 03828573 2022-11-01 2023-10-31 03828573 2024-10-31 03828573 2023-10-31 03828573 c:Director1 2023-11-01 2024-10-31 03828573 d:CurrentFinancialInstruments 2024-10-31 03828573 d:CurrentFinancialInstruments 2023-10-31 03828573 d:CurrentFinancialInstruments 2 2024-10-31 03828573 d:CurrentFinancialInstruments 2 2023-10-31 03828573 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 03828573 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 03828573 d:ShareCapital 2024-10-31 03828573 d:ShareCapital 2023-10-31 03828573 d:RetainedEarningsAccumulatedLosses 2024-10-31 03828573 d:RetainedEarningsAccumulatedLosses 2023-10-31 03828573 c:FRS102 2023-11-01 2024-10-31 03828573 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 03828573 c:FullAccounts 2023-11-01 2024-10-31 03828573 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 03828573 2 2023-11-01 2024-10-31 03828573 f:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure
Registered number: 03828573









MIBAR PROPERTIES LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
MIBAR PROPERTIES LIMITED
REGISTERED NUMBER: 03828573

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
829,608
1,088,022

Debtors: amounts falling due within one year
 4 
5,588,720
4,131,456

Cash at bank and in hand
  
1,384,784
2,570,983

  
7,803,112
7,790,461

Creditors: amounts falling due within one year
 5 
(3,179,171)
(3,359,859)

Net current assets
  
 
 
4,623,941
 
 
4,430,602

Total assets less current liabilities
  
4,623,941
4,430,602

  

Net assets
  
4,623,941
4,430,602


Capital and reserves
  

Called up share capital 
  
2,000
2,000

Profit and loss account
  
4,621,941
4,428,602

  
4,623,941
4,430,602


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 profit and loss account 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 on 20 March 2025.




M Williams
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
MIBAR PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Mibar Properties Limited is a private company, limited by shares, domiciled in England and Wales, registration number 03828573.  The registered office is The Old Rectory, Brisley, Dereham, NR20 5LJ.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover 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. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Interest income

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

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.5

Stocks

Properties held for resale or development are valued at the lower of cost and net realisable value.

 
2.6

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.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 2

 
MIBAR PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Financial instruments


The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets
Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs.
Basic financial liabilities
Basic financial liabilities, which include trade and other payables are initially measured at their transaction price after transaction costs.
Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers.  Trade payables are classified as current liabilities if the payment is due within one year.


3.


Employees




The average monthly number of employees, including directors, during the year was 0 (2023 - 0).


4.


Debtors

2024
2023
£
£


Trade debtors
221,853
193,062

Other debtors
5,366,867
3,938,394

5,588,720
4,131,456


Page 3

 
MIBAR PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
5,768
258,752

Corporation tax
64,446
26,899

Other taxation and social security
-
6,524

Other creditors
205,957
161,509

Accruals and deferred income
3,000
6,175

Share capital treated as debt
2,900,000
2,900,000

3,179,171
3,359,859


Page 4