REGISTERED NUMBER: 13660671 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

MIRADOR SOLUTIONS CONSULTANCY LTD

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr G Cocks

Mr D J E King

K Cocks

Mr G A Watson

REGISTERED OFFICE:

4th Floor Radius House

Clarendon Road

Watford

WD17 1HP

REGISTERED NUMBER:

13660671 (England and Wales)

ACCOUNTANTS:

Total Back Office Solutions Limited

4th Floor Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

Mr G Cocks

Mr D J E King

Other changes in directors holding office are as follows:

K Cocks - appointed 12 April 2024

Mr G A Watson - appointed 12 April 2024

2024 was another strong year for Mirador Solutions in its 3rd full year of trading.

Revenue increased for a third successive year and our Gross Profit margin was inline with target, which was pleasing given that market conditions for consultancy services continue to be challenging across industries.

The company continues to steadily build its client base with successful projects having been completed in our target areas of Data, Technology and Private Markets. Data continues to be the focus of new business opportunities with the brand developing a strong reputation in this area.

2024 saw Mirador strengthen its leadership team with the arrival of George Watson as Managing Director, the business now feels it is well placed to meet its growth expectations for 2025 and beyond.

2025 will see the launch of Pharos Resource Partners within the group of businesses, Pharos is expected to offer opportunities for the consultancy business particularly in the Middle East region where Pharos Managing Director Nick Reilly has strong connections.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr D J E King - Director

8 September 2025

FIXED ASSETS

Tangible assets

4

2

1,798

CURRENT ASSETS

Debtors

5

252,210

61,732

Cash at bank

582,032

347,030

834,242

408,762

CREDITORS

Amounts falling due within one year

6

(450,300

)

(124,405

)

NET CURRENT ASSETS

383,942

284,357

TOTAL ASSETS LESS CURRENT LIABILITIES

383,944

286,155

PROVISIONS FOR LIABILITIES

-

(342

)

NET ASSETS

383,944

285,813

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

382,944

284,813

383,944

285,813

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by:

Mr D J E King - Director

Mr G Cocks - Director

1.	STATUTORY INFORMATION

Mirador Solutions Consultancy Ltd 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

33% on cost

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 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.

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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

125

2,960

3,085

Additions

-

4,344

4,344

At 31 December 2024

125

7,304

7,429

DEPRECIATION

At 1 January 2024

94

1,193

1,287

Charge for year

31

6,109

6,140

At 31 December 2024

125

7,302

7,427

NET BOOK VALUE

At 31 December 2024

-

2

2

At 31 December 2023

31

1,767

1,798

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

107,640

13,500

Amounts owed by group undertakings

-

1,150

Other debtors

144,570

47,082

252,210

61,732

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

41,036

7,257

Corporation Tax

6,779

3,194

PAYE/NI

18,151

11,419

VAT

54,554

25,633

Other Creditors

327,780

34,902

Directors' current accounts

2,000

42,000

450,300

124,405

7.	RELATED PARTY DISCLOSURES

Included within other creditors is an amount of £1,000 (2023: £21,000) owed to the director, Mr G Cocks.

Also Included within other creditors is an amount of £1,000 (2023: £21,000) owed to the director, Mr D J E King.