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REGISTERED NUMBER: 11311138 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

MIAGEE LIMITED

MIAGEE LIMITED (REGISTERED NUMBER: 11311138)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MIAGEE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr S L Howard
Mr A Howard



REGISTERED OFFICE: 69b Church Road
Alphington
Exeter
Devon
EX2 8SW



REGISTERED NUMBER: 11311138 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Santander
53 High Street
Exeter
Devon
EX4 3HE

MIAGEE LIMITED (REGISTERED NUMBER: 11311138)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 8,950 10,529
Investment property 5 2,377,792 2,377,792
2,386,742 2,388,321

CURRENT ASSETS
Debtors 6 28,048 91,667
Cash at bank 517 2,464
28,565 94,131
CREDITORS
Amounts falling due within one year 7 2,047,101 2,160,395
NET CURRENT LIABILITIES (2,018,536 ) (2,066,264 )
TOTAL ASSETS LESS CURRENT LIABILITIES 368,206 322,057

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 368,106 321,957
368,206 322,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MIAGEE LIMITED (REGISTERED NUMBER: 11311138)

BALANCE SHEET - continued
30 SEPTEMBER 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 Board of Directors and authorised for issue on 15 June 2025 and were signed on its behalf by:




Mr S L Howard - Director



Mr A Howard - Director


MIAGEE LIMITED (REGISTERED NUMBER: 11311138)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Miagee 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

MIAGEE LIMITED (REGISTERED NUMBER: 11311138)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 762 16,684 17,446
DEPRECIATION
At 1 October 2023 762 6,155 6,917
Charge for year - 1,579 1,579
At 30 September 2024 762 7,734 8,496
NET BOOK VALUE
At 30 September 2024 - 8,950 8,950
At 30 September 2023 - 10,529 10,529

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 2,377,792
NET BOOK VALUE
At 30 September 2024 2,377,792
At 30 September 2023 2,377,792

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 50,000
Directors' current accounts 9,720 -
Deferred tax asset
Accelerated capital allowances 18,328 41,667
28,048 91,667

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 777,242 777,242
Amounts owed to group undertakings 864,269 1,028,938
Amounts owed to participating interests 150,000 150,000
Other creditors 1,100 -
Directors' current accounts 252,775 202,775
Accrued expenses 1,715 1,440
2,047,101 2,160,395

MIAGEE LIMITED (REGISTERED NUMBER: 11311138)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mr S L Howard
Balance outstanding at start of year (202,775 ) (202,775 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (202,775 ) (202,775 )

Mr A Howard
Balance outstanding at start of year - -
Amounts advanced 39,720 -
Amounts repaid (30,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,720 -

Loans are interest free, unsecured abd repayable on demand.