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REGISTERED NUMBER: 10931815 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

MIMI POLIANA LIMITED

MIMI POLIANA LIMITED (REGISTERED NUMBER: 10931815)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

MIMI POLIANA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Miss M Bisson





REGISTERED OFFICE: 134 Downs Road
Walmer
Deal
Kent
CT14 7TF





REGISTERED NUMBER: 10931815 (England and Wales)





ACCOUNTANTS: Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY

MIMI POLIANA LIMITED (REGISTERED NUMBER: 10931815)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,625 4,966

CURRENT ASSETS
Stocks 5 3,000 4,000
Debtors 6 383 383
Cash at bank 443 529
3,826 4,912
CREDITORS
Amounts falling due within one year 7 29,248 25,056
NET CURRENT LIABILITIES (25,422 ) (20,144 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(21,797

)

(15,178

)

PROVISIONS FOR LIABILITIES 8 660 909
NET LIABILITIES (22,457 ) (16,087 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (22,458 ) (16,088 )
SHAREHOLDERS' FUNDS (22,457 ) (16,087 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MIMI POLIANA LIMITED (REGISTERED NUMBER: 10931815)

BALANCE SHEET - continued
31 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 May 2025 and were signed by:





Miss M Bisson - Director


MIMI POLIANA LIMITED (REGISTERED NUMBER: 10931815)

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

1. STATUTORY INFORMATION

MIMI POLIANA LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The Financial Statements are presented in round pounds sterling £.

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 historical cost convention.

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 is recognised when all the significant risks and rewards of ownership are transferred

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance and 20% on cost

It is the policy of the Company to review the Tangible Fixed Assets for impairment annually.
The Company capitalises items with a useful economic life in excess of two years and with a cost in excess of £200.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MIMI POLIANA LIMITED (REGISTERED NUMBER: 10931815)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 September 2023 9,616
Additions 250
At 31 August 2024 9,866
DEPRECIATION
At 1 September 2023 4,650
Charge for year 1,591
At 31 August 2024 6,241
NET BOOK VALUE
At 31 August 2024 3,625
At 31 August 2023 4,966

5. STOCKS
2024 2023
£    £   
Stocks 3,000 4,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 383 383

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,063 1,066
Social security and other taxes - 23
Other creditors 11 -
Directors loan account 26,322 23,151
Accrued expenses 852 816
29,248 25,056

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 660 909

MIMI POLIANA LIMITED (REGISTERED NUMBER: 10931815)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2023 909
Provided during year (249 )
Balance at 31 August 2024 660

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1p 1 1

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following loan account subsisted during the year;

Directors Loan Account
A Member of Key Management Personnel

During the year the Director advanced the Company to £4,960 (2023: £3,159)
During the year the Company repaid the Director £1,789 (2023: £1,290)

As at the period end the Company owed the director £26,322 (2023: £23,151)

MIMI POLIANA LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
MIMI POLIANA LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2024 set out on pages one to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY


Date: .............................................