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REGISTERED NUMBER: 08014943 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MIMOCO PROPERTY HOLDINGS LTD.

MIMOCO PROPERTY HOLDINGS LTD. (REGISTERED NUMBER: 08014943)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


MIMOCO PROPERTY HOLDINGS LTD. (REGISTERED NUMBER: 08014943)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 126,984 138,356
Investments 5 20,075 20,075
Investment property 6 2,085,000 2,085,000
2,232,059 2,243,431

CURRENT ASSETS
Debtors 7 338,525 271,576
Cash at bank 16,081 20,540
354,606 292,116
CREDITORS
Amounts falling due within one year 8 290,663 259,505
NET CURRENT ASSETS 63,943 32,611
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,296,002

2,276,042

CREDITORS
Amounts falling due after more than one
year

9

(187,128

)

(223,087

)

PROVISIONS FOR LIABILITIES (341,904 ) (342,780 )

ACCRUALS AND DEFERRED INCOME (146,655 ) (150,618 )
NET ASSETS 1,620,315 1,559,557

CAPITAL AND RESERVES
Called up share capital 11 20,075 20,075
Fair value reserve 665,712 665,712
Retained earnings 934,528 873,770
SHAREHOLDERS' FUNDS 1,620,315 1,559,557

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

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

The director acknowledges his 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.

MIMOCO PROPERTY HOLDINGS LTD. (REGISTERED NUMBER: 08014943)

BALANCE SHEET - continued
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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 August 2025 and were signed by:





Mr M G Redshaw - Director


MIMOCO PROPERTY HOLDINGS LTD. (REGISTERED NUMBER: 08014943)

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

1. STATUTORY INFORMATION

Mimoco Property Holdings Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08014943

Registered office: Airedale House
Units 11-14 Burton Close
Vulcan Road Industrial Estate
Norwich
Norfolk
NR6 6AZ

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.

Turnover
Turnover represents rental income receivable in the period, net of VAT.

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 etc - 5% on cost

Investments in subsidiaries
Fixed asset investments are stated at cost less provision for diminution in value.

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 company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Group accounts
Group accounts have not been prepared as the company, together with its subsidiaries, qualifies as a small group. These financial statements relate solely to the results of the parent company.

MIMOCO PROPERTY HOLDINGS LTD. (REGISTERED NUMBER: 08014943)

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

2. ACCOUNTING POLICIES - continued

Grants
Grants which are to acquire tangible fixed assets are credited to deferred grants and released to the profit and loss account over the estimated useful lives of the relevant assets.

3. EMPLOYEES

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 227,435
DEPRECIATION
At 1 January 2024 89,079
Charge for year 11,372
At 31 December 2024 100,451
NET BOOK VALUE
At 31 December 2024 126,984
At 31 December 2023 138,356

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 20,075
NET BOOK VALUE
At 31 December 2024 20,075
At 31 December 2023 20,075

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 2,085,000
NET BOOK VALUE
At 31 December 2024 2,085,000
At 31 December 2023 2,085,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2024 2,085,000

MIMOCO PROPERTY HOLDINGS LTD. (REGISTERED NUMBER: 08014943)

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

6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,240,849 1,236,954

Investment property was valued on fair value basis on 3 January 2024 by Arnolds Keys .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,957 -
Amounts owed by group undertakings 323,311 260,289
Other debtors 11,257 11,287
338,525 271,576

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 33,268 27,386
Amounts owed to group undertakings 158,530 83,169
Taxation and social security 12,918 31,930
Other creditors 85,947 117,020
290,663 259,505

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 187,128 223,087

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 47,294 113,543

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 220,396 250,473

The loans are secured via cross guarantees between Mimoco Property Holdings Ltd and its subsidiaries, Redco Limited and Red Dragon Media Limited.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
15,075 Ordinary A £1 15,075 15,075
5,000 Ordinary B £1 5,000 5,000
20,075 20,075

MIMOCO PROPERTY HOLDINGS LTD. (REGISTERED NUMBER: 08014943)

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

12. ULTIMATE CONTROLLING PARTY

Mr M G Redshaw owns 75% of the issued share capital and as such controls the company.