REGISTERED NUMBER: 01036808 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Mirrorstoke Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B N Gorst

VJ Gorst

J Buss

REGISTERED OFFICE:

290 High Street

Aldeburgh

Suffolk

IP15 5DQ

REGISTERED NUMBER:

01036808 (England and Wales)

ACCOUNTANTS:

Hans Accounting Limited

Chartered Certified Accountants

Devonshire House

582 Honeypot Lane

Stanmore

Middlesex

HA7 1JS

FIXED ASSETS

Tangible assets

4

3,628

4,321

CURRENT ASSETS

Stocks

8,651,413

8,833,194

Debtors

5

11,324,464

9,729,511

Cash at bank

682,647

1,427,148

20,658,524

19,989,853

CREDITORS

Amounts falling due within one year

6

3,045,548

2,996,982

NET CURRENT ASSETS

17,612,976

16,992,871

TOTAL ASSETS LESS CURRENT LIABILITIES

17,616,604

16,997,192

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

17,616,504

16,997,092

SHAREHOLDERS' FUNDS

17,616,604

16,997,192

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 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.

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 9 September 2025 and were signed on its behalf by:

B N Gorst - Director

1.	STATUTORY INFORMATION

Mirrorstoke 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.

Turnover

Turnover represents amounts receivable for goods and services provided in the normal course of business, net of trade discounts, VAT and other sales related taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery - 25% of cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for any diminution in value.

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 taxation

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

35,847

Additions

1,195

At 31 December 2024

37,042

DEPRECIATION

At 1 January 2024

31,526

Charge for year

1,888

At 31 December 2024

33,414

NET BOOK VALUE

At 31 December 2024

3,628

At 31 December 2023

4,321

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

42,201

131,637

Amounts owed by group undertakings

116

163

Other debtors

11,244,569

9,571,597

Prepayments and accrued income

37,578

26,114

11,324,464

9,729,511

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Tax

111,739

173,814

Social security and other taxes

2,933

945

VAT

47,566

46,500

Other creditors

1,647,483

1,567,948

Directors' loan accounts

1,224,812

1,194,215

Accruals and deferred income

11,015

13,560

3,045,548

2,996,982

The loans from the directors are non-interest bearing and have no fixed repayment dates but are considered to be repayable within 12 months.

7.	RELATED PARTY DISCLOSURES

Included in other debtors are amounts due from the following companies, related via common directors.

Limitbrook Limited - £120,000 (2023:£120,000)

Clerks Well Properties Limited - £7,170,000 (2023:£6,420,000)

Clerks Well Developments Limited - £3,950,000 (2023:£3,025,000)