Company registration number: 12908580
Unaudited financial statements
for the year ended 31 December 2024
for
Mirror Water Ltd
Pages for filing with the Registrar
Company registration number: 12908580
Mirror Water Ltd
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 4 54,640 82,343
Tangible assets 5 2,054 -
56,694 82,343
Current assets
Stocks 58,698 61,094
Debtors 18,954 22,373
Cash at bank and in hand 164,210 106,407
241,862 189,874
Creditors: amounts falling due within one
year
(318,501) (295,136)
Net current liabilities (76,639) (105,262)
Total assets less current liabilities (19,945) (22,919)
Creditors: Amounts falling due after more
than one year
(30,456) (38,958)
NET LIABILITIES (50,401) (61,877)
Capital and reserves
Called up share capital 11 11
Share premium account 576,764 458,179
Profit and loss account (627,176) (520,067)
TOTAL EQUITY (50,401) (61,877)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 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: 12908580
Mirror Water Ltd
Balance sheet - continued
as at 31 December 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:
E Lalonde, Director
23 May 2025
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Mirror Water Ltd
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Mirror Water Ltd is a private company registered in England and Wales. Its registered number is 12908580. The company is limited by shares. Its registered office is 85 Great Portland Street, First Floor, London, W1W 7LT.
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.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Development costs - 20% straight line
Computer software - 20% straight line
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.:
Fixtures & fittings - 33% straight line
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Mirror Water Ltd
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 2 (2023 - 3).
4 Intangible assets
Other
intangible
assets
£
Cost
At 1 January 2024 127,938
Additions 18,720
Disposals (45,622)
At 31 December 2024 101,036
Amortisation
At 1 January 2024 45,595
Charge for year 23,794
Eliminated on disposal (22,993)
At 31 December 2024 46,396
Net book value
At 31 December 2024 54,640
At 31 December 2023 82,343
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Mirror Water Ltd
Notes to the financial statements - continued
for the year ended 31 December 2024
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
Additions 2,175
At 31 December 2024 2,175
Depreciation
Charge for year 121
At 31 December 2024 121
Net book value
At 31 December 2024 2,054
At 31 December 2023 -
6 Share capital
Number: Class: Value: 2024 2023

£ £



108,430 Ordinary 0.0001 10.84 10.59
7 Related party transactions
During the period the company borrowed monies from Estée Lalonde Limited, a company also

controlled by the director. At 31 December 2024, the company owed £253,315 (2023 - £238,082) to
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