Company Registration No. 09711399 (England and Wales)
Micron Datera Limited
Unaudited financial statements
for the year ended 31 December 2024
Pages for filing with the registrar
Micron Datera Limited
Contents
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
Micron Datera Limited
Balance sheet
As at 31 December 2024
31 December 2024
1
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
2,525,000
2,525,000
Current assets
Debtors
4
88,032
-
0
Creditors: amounts falling due within one year
5
(1,864,328)
(1,776,296)
Net current liabilities
(1,776,296)
(1,776,296)
Net assets
748,704
748,704
Capital and reserves
Called up share capital
6
194
194
Capital redemption reserve
7
20
20
Profit and loss reserves
748,490
748,490
Total equity
748,704
748,704

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

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 8 September 2025 and are signed on its behalf by:
Clare Trevarton
Chris Morilla
Director
Director
Company Registration No. 09711399
Micron Datera Limited
Statement of changes in equity
For the year ended 31 December 2024
2
Share capital
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 January 2023
194
20
248,490
248,704
Year ended 31 December 2023:
Profit and total comprehensive income for the year
-
-
1,286,808
1,286,808
Dividends
-
-
(786,808)
(786,808)
Balance at 31 December 2023
194
20
748,490
748,704
Year ended 31 December 2024:
Profit and total comprehensive income for the year
-
-
972,721
972,721
Dividends
-
-
(972,721)
(972,721)
Balance at 31 December 2024
194
20
748,490
748,704
Micron Datera Limited
Notes to the financial statements
For the year ended 31 December 2024
3
1
Accounting policies
Company information

Micron Datera Limited is a private company limited by shares incorporated in England and Wales. The registered office is 20 Broom Road, Poole, England, BH12 4NL.

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 a mounts 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
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.3
Cash at bank and in hand

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.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention 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, 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.

Micron Datera Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
1
Accounting policies (continued)
4
Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts 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. A m ounts 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.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.6
Share-based payments

The fair value of equity-settled share based payments to employees is determined at the date of grant and is expensed on a straight-line basis over the vesting period based on the company’s estimate of shares or options that will eventually vest.

2
Employees

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

2024
2023
Number
Number
Total
4
2
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
2,525,000
2,525,000
Micron Datera Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
5
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
88,032
-
0
5
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
1,864,042
1,776,010
Other creditors
286
286
1,864,328
1,776,296
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
154
154
154
154
Ordinary B shares of £1 each
26
26
26
26
E shares of £1 each
14
14
14
14
194
194
194
194

Ordinary shares have the ability to receive the first £100,000 in dividends declared each year and a right to participate pro rate in further dividends declared. They carry rights to a distribution of capital (including on a winding up) and to any sales proceeds. They have the right to vote and receive notice of shareholder meetings.

Ordinary B shares have rights to a dividend (subject to the dividend preference of the ordinary shares), right to vote, right to capital in respect of a winding up or otherwise.

E shares have rights to a dividend (subject to the dividend preference of the ordinary shares). They carry rights to a distribution of capital (including on winding up) and to any sale proceeds. They do not have the right to vote or receive notice of shareholder meetings.

7
Capital redemption reserve

The Capital redemption reserve arises from the purchase of own shares in 2022 following the exit of a minority shareholder.

8
Related party transactions
Transactions with related parties

The company has taken advantage of the exemption available in section 1AC.35 of FRS 102 from the requirement to disclose transactions with group companies on the grounds that the company is the parent of a group and all subsidiaries are wholly owned.

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