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Company Registration No. 12424306 (England and Wales)
Mirfield London Limited Unaudited accounts for the year ended 30 June 2024
Mirfield London Limited Unaudited accounts Contents
Page
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Mirfield London Limited Company Information for the year ended 30 June 2024
Director
X Lita
Company Number
12424306 (England and Wales)
Registered Office
Standard House 107 - 115 Eastmoor Street London SE7 8LX
Accountants
Valuemaven Business Services (UK) Limited 7 Lita Mews Romford London RM1 3FG
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Mirfield London Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
4,000,000 
4,000,000 
Current assets
Debtors
370,109 
350,278 
Cash at bank and in hand
14,500 
13,500 
384,609 
363,778 
Creditors: amounts falling due within one year
(12,429)
(1,000)
Net current assets
372,180 
362,778 
Total assets less current liabilities
4,372,180 
4,362,778 
Creditors: amounts falling due after more than one year
(1,374,841)
(1,374,639)
Provisions for liabilities
Deferred tax
(762,889)
(762,889)
Net assets
2,234,450 
2,225,250 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,234,449 
2,225,249 
Shareholders' funds
2,234,450 
2,225,250 
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 April 2025 and were signed on its behalf by
X Lita Director Company Registration No. 12424306
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Mirfield London Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Mirfield London Limited is a private company, limited by shares, registered in England and Wales, registration number 12424306. The registered office is Standard House, 107 - 115 Eastmoor Street, London, SE7 8LX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Investment property
2024 
£ 
Fair value at 1 July 2023
4,000,000 
At 30 June 2024
4,000,000 
The bank loan is secured against the assets of the investment property.
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Mirfield London Limited Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
370,109 
350,278 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
3,929 
- 
Other creditors
7,500 
- 
Accruals
1,000 
1,000 
12,429 
1,000 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,374,841 
1,374,639 
8
Transactions with related parties
Other debtors includes amount receivable from Lita Homes Limited of £370,109 (2023: £350,278), parent company of Mirfield London Limited with common director Mr X Lita.
9
Controlling party
The company is subsidiary of Lita Homes Limited, and the ultimate controlling party is Mr X Lita by virtue of holding majority shares in parent company Lita Homes Limited.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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