Company registration number 1192072 (England and Wales)
MICONA (UK) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
MICONA (UK) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
MICONA (UK) LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,030,475
1,266,149
Current assets
Stocks
740,665
739,955
Debtors
5
299
5,229
Cash at bank and in hand
174,094
709,870
915,058
1,455,054
Creditors: amounts falling due within one year
6
(70,965)
(472,682)
Net current assets
844,093
982,372
Total assets less current liabilities
1,874,568
2,248,521
Creditors: amounts falling due after more than one year
7
(270,121)
(849,986)
Net assets
1,604,447
1,398,535
Capital and reserves
Called up share capital
10,000
10,000
Profit and loss reserves
1,594,447
1,388,535
Total equity
1,604,447
1,398,535

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 22 July 2025
Mr M Moyles
Director
Company registration number 1192072 (England and Wales)
MICONA (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Micona (UK) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Moreton House, 31 High Street, Buckingham, Buckinghamshire, United Kingdom, MK18 1NU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Intangibles
No amortisation
1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
None
Plant and Equipment
20% Reducing Balance
Fixtures and Fittings
25% Straight Line
Computers
20% Reducing Balance

Freehold land and assets in the course of construction are not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

MICONA (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
-
0
-
0
MICONA (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
3
Intangible fixed assets
Intangibles
£
Cost
At 1 April 2024 and 31 March 2025
7,900
Amortisation and impairment
At 1 April 2024 and 31 March 2025
7,900
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
4
Tangible fixed assets
Freehold land and buildings
Plant and Equipment
Fixtures and Fittings
Computers
Total
£
£
£
£
£
Cost
At 1 April 2024
1,264,079
2,785
5,046
944
1,272,854
Additions
-
0
-
0
13,197
-
0
13,197
Disposals
(245,158)
-
0
-
0
-
0
(245,158)
At 31 March 2025
1,018,921
2,785
18,243
944
1,040,893
Depreciation and impairment
At 1 April 2024
-
0
1,319
5,046
340
6,705
Depreciation charged in the year
-
0
293
3,299
121
3,713
At 31 March 2025
-
0
1,612
8,345
461
10,418
Carrying amount
At 31 March 2025
1,018,921
1,173
9,898
483
1,030,475
At 31 March 2024
1,264,079
1,466
-
0
604
1,266,149
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
299
1,875
Other debtors
-
0
3,354
299
5,229
MICONA (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
13,092
426,437
Trade creditors
100
100
Corporation tax
24,087
12,459
Other creditors
33,686
33,686
70,965
472,682
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Amounts owed to group undertakings
270,121
849,986
8
Related party transactions
Transactions with related parties

An interest free loan from the parent company, Templar Holdings Limited to the company subsisted as at 31 March 2025 amounting to £270,121.34. This amount is included in creditors and there are no set terms of repayment.

9
Parent company

The company's parent undertaking and controlling party is Templar Holdings Limited, which is incorporated in the Isle of Man.

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