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REGISTERED NUMBER: 05593290 (England and Wales)












Financial Statements for the Year Ended 31 March 2025

for

Mirage Associates Limited

Mirage Associates Limited (Registered number: 05593290)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mirage Associates Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: S C Selwyn
Mrs J Selwyn





SECRETARY: Mrs J Selwyn





REGISTERED OFFICE: Unit 4D, Lansbury Business Estate
102 Lower Guildford Road
Knaphill
Woking
Surrey
GU21 2EP





REGISTERED NUMBER: 05593290 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Unit 4D, Lansbury Business Estate
102 Lower Guildford Road
Knaphill
Woking
Surrey
GU21 2EP

Mirage Associates Limited (Registered number: 05593290)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 27,007 23,850
Investment property 5 533,000 576,001
560,007 599,851

CURRENT ASSETS
Debtors 6 15,457 408
Cash at bank 174,101 121,664
189,558 122,072
CREDITORS
Amounts falling due within one year 7 (138,955 ) (83,893 )
NET CURRENT ASSETS 50,603 38,179
TOTAL ASSETS LESS CURRENT LIABILITIES 610,610 638,030

CREDITORS
Amounts falling due after more than one
year

8

(7,313

)

(18,464

)

PROVISIONS FOR LIABILITIES - (2,308 )
NET ASSETS 603,297 617,258

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 603,147 617,108
SHAREHOLDERS' FUNDS 603,297 617,258

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Mirage Associates Limited (Registered number: 05593290)

Balance Sheet - continued
31 March 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2025 and were signed on its behalf by:





S C Selwyn - Director


Mirage Associates Limited (Registered number: 05593290)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Mirage Associates 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 Income Statement, 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.

Pension costs and other post-retirement benefits
The costs of providing pensions for the company's director is taken into account in arriving at the operating profit, in the year during which the company derives benefit from the director's services.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

Mirage Associates Limited (Registered number: 05593290)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


4. PROPERTY, PLANT AND EQUIPMENT
Office Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 2,603 33,840 13,290 49,733
Additions - 14,845 - 14,845
Disposals (795 ) - (4,290 ) (5,085 )
At 31 March 2025 1,808 48,685 9,000 59,493
DEPRECIATION
At 1 April 2024 1,844 14,805 9,234 25,883
Charge for year 190 8,470 3,029 11,689
Eliminated on disposal (796 ) - (4,290 ) (5,086 )
At 31 March 2025 1,238 23,275 7,973 32,486
NET BOOK VALUE
At 31 March 2025 570 25,410 1,027 27,007
At 31 March 2024 759 19,035 4,056 23,850

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 576,001
Revaluations (43,001 )
At 31 March 2025 533,000
NET BOOK VALUE
At 31 March 2025 533,000
At 31 March 2024 576,001

Investment property is carried at open market value with increases/(decreases) in value taken to the profit and loss account, the properties were revalued in the current year by the directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 5,058 408
Other debtors 10,399 -
15,457 408

Mirage Associates Limited (Registered number: 05593290)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts 20,067 4,308
Trade creditors 1,474 579
Taxation and social security 7,021 5,232
Other creditors 110,393 73,774
138,955 83,893

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts 7,313 18,464