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Company No: 07830781 (England and Wales)

MIRL INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

MIRL INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024

Contents

MIRL INVESTMENTS LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024
MIRL INVESTMENTS LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024
DIRECTORS Mr D M Slater
Mrs C Slater
REGISTERED OFFICE 264 Banbury Road
Oxford
OX2 7DY
United Kingdom
COMPANY NUMBER 07830781 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
264 Banbury Road
Oxford
OX2 7DY
United Kingdom
MIRL INVESTMENTS LIMITED

BALANCE SHEET

AS AT 30 NOVEMBER 2024
MIRL INVESTMENTS LIMITED

BALANCE SHEET (continued)

AS AT 30 NOVEMBER 2024
Note 2024 2023
£ £
Fixed assets
Investments 4 209,057 207,611
209,057 207,611
Current assets
Debtors 5 203 19
Cash at bank and in hand 14,449 3,926
14,652 3,945
Creditors: amounts falling due within one year 6 ( 2,878) ( 4,224)
Net current assets/(liabilities) 11,774 (279)
Total assets less current liabilities 220,831 207,332
Provision for liabilities ( 555) 0
Net assets 220,276 207,332
Capital and reserves
Called-up share capital 7 225,001 225,001
Revaluation reserve 2,368 0
Profit and loss account ( 7,093 ) ( 17,669 )
Total shareholders' funds 220,276 207,332

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of MIRL Investments Limited (registered number: 07830781) were approved and authorised for issue by the Board of Directors on 28 August 2025. They were signed on its behalf by:

Mr D M Slater
Director
MIRL INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024
MIRL INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

MIRL Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 264 Banbury Road, Oxford, OX2 7DY, United Kingdom. The principal place of business is Cotswold, Mollyhurst Lane, Woolley, Wakefield, WF4 2JY.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

These financial statements for the period ended 30 November 2024 are the first financial statements of MIRL Investments Limited prepared in accordance with FRS 102 1A The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 1A was 1 December 2023. An explanation of how transition to FRS 102 has affected the reported financial position and financial performance is given in note 2.

Prior year adjustment

The adoption of FRS102 1A for this accounting period has meant the prior period has been restated to show the comparatives as they would have been had the accounts to 30th November 2023 been prepared under FRS 102 1A. The changes resulting from the restatement are laid out in note 2.

Taxation

Current tax
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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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 creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

2.Transition to FRS102

The Company has adopted FRS 102 for the year ended 30 November 2024 and has restated the comparative year amounts.

Reconciliation of equity

01.12.2022 30.11.2023
£ £
Capital and reserves (as previously stated) 217,914 215,855
Unrealised losses on investments (6,837) (8,523)
0 0
Capital and reserves (as restated) 211,077 207,332

Reconciliation of profit or loss

30.11.2023
£
Result for the year (as previously stated) (2,059)
Unrealised losses on investments (1,686)
0
Loss for the year (as restated) (3,745)

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

4. Fixed asset investments

Listed investments Total
£ £
Cost or valuation before impairment
At 01 December 2023 207,611 207,611
Additions 206,135 206,135
Disposals ( 215,305) ( 215,305)
Movement in fair value 10,616 10,616
At 30 November 2024 209,057 209,057
Carrying value at 30 November 2024 209,057 209,057
Carrying value at 30 November 2023 207,611 207,611

5. Debtors

2024 2023
£ £
Corporation tax 184 0
Other debtors 19 19
203 19

6. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 2,878 4,224

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
215,000 Ordinary A shares of £ 1.00 each 215,000 215,000
2,500 Ordinary B shares of £ 1.00 each 2,500 2,500
2,500 Ordinary C shares of £ 1.00 each 2,500 2,500
2,500 Ordinary D shares of £ 1.00 each 2,500 2,500
2,500 Ordinary E shares of £ 1.00 each 2,500 2,500
1 Ordinary share of £ 1.00 1 1
225,001 225,001

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed to directors 627 2,273

No interest is charged on the loan payable to the director and there are no repayment terms.