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Registered number: 11721189
Mimi Developments (2018) Ltd
Financial Statements
For The Year Ended 31 December 2024
EasyBooks Wales Ltd
Unit 4, Dragon 24 North Dock
Llanelli
SA15 2LF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11721189
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 90,911 90,961
90,911 90,961
CURRENT ASSETS
Debtors 5 60 60
Cash at bank and in hand 846 821
906 881
Creditors: Amounts Falling Due Within One Year 6 (39,569 ) (38,572 )
NET CURRENT ASSETS (LIABILITIES) (38,663 ) (37,691 )
TOTAL ASSETS LESS CURRENT LIABILITIES 52,248 53,270
Creditors: Amounts Falling Due After More Than One Year 7 (65,495 ) (66,093 )
NET LIABILITIES (13,247 ) (12,823 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (13,249 ) (12,825 )
SHAREHOLDERS' FUNDS (13,247) (12,823)
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Milan Vranjes
Director
29/09/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mimi Developments (2018) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11721189 . The registered office is 3 Yr Allt, Llangennech, Llanelli, SA14 8YU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Revaluation Method
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 90,756 (320 ) 732 91,168
Additions - 733 - 733
Disposals - - (732 ) (732 )
As at 31 December 2024 90,756 413 - 91,169
Depreciation
As at 1 January 2024 - (71 ) 278 207
Provided during the period - 329 - 329
Disposals - - (278 ) (278 )
As at 31 December 2024 - 258 - 258
Net Book Value
As at 31 December 2024 90,756 155 - 90,911
As at 1 January 2024 90,756 (249 ) 454 90,961
The current year includes a correction from the prior year to the classification of cost and depreciation of Plant and Machinery. 
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 60 60
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 792 -
Bank loans and overdrafts 600 600
Other creditors 36,369 36,164
Taxation and social security 1,808 1,808
39,569 38,572
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Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 65,495 66,093
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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