Company Registration No. 15070870 (England and Wales)
Miw Property Ltd
Unaudited accounts
for the period from 14 August 2023 to 31 August 2024
Miw Property Ltd
Unaudited accounts
Contents
Miw Property Ltd
Company Information
for the period from 14 August 2023 to 31 August 2024
Company Number
15070870 (England and Wales)
Registered Office
Mount Pleasant Farm
Llangan
Bridgend
CF35 5DW
Accountants
STAS Ltd
253 Cowbridge Road West
Cardiff
CF5 5TD
Miw Property Ltd
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
19,456
Creditors: amounts falling due within one year
(380,541)
Net current liabilities
(357,242)
Total assets less current liabilities
770,441
Creditors: amounts falling due after more than one year
(771,795)
Profit and loss account
(1,355)
Shareholders' funds
(1,354)
For the period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 August 2025 and were signed on its behalf by
Morgan Williams
Director
Company Registration No. 15070870
Miw Property Ltd
Notes to the Accounts
for the period from 14 August 2023 to 31 August 2024
Miw Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 15070870. The registered office is Mount Pleasant Farm, Llangan, Bridgend, CF35 5DW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
At 31 August 2024
1,127,683
At 31 August 2024
1,127,683
Miw Property Ltd
Notes to the Accounts
for the period from 14 August 2023 to 31 August 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
Amounts owed to group undertakings and other participating interests
100,000
Loans from directors
279,965
7
Creditors: amounts falling due after more than one year
2024
8
Average number of employees
During the period the average number of employees was 0.