1 January 2024 false No description of principal activity Taxfiler 2024.6 05227021business:PrivateLimitedCompanyLtd2024-01-012024-12-31 052270212023-12-31 052270212024-01-012024-12-31 05227021business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 05227021business:FilletedAccounts2024-01-012024-12-31 052270212024-12-31 05227021business:Director12024-01-012024-12-31 05227021business:RegisteredOffice2024-01-012024-12-31 052270212023-12-31 05227021core:WithinOneYear2024-12-31 05227021core:WithinOneYear2023-12-31 05227021core:AfterOneYear2024-12-31 05227021core:AfterOneYear2023-12-31 05227021core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 05227021core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 05227021core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 05227021core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 05227021core:PreviouslyStatedAmount2024-12-31 05227021core:PreviouslyStatedAmount2023-12-31 05227021business:SmallEntities2024-01-012024-12-31 05227021countries:EnglandWales2024-01-012024-12-31 05227021core:LandBuildings2023-12-31 05227021core:LandBuildings2024-01-012024-12-31 05227021core:LandBuildings2024-12-31 052270212023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 05227021 (England and Wales)
Mibz Developments Limited Unaudited accounts for the year ended 31 December 2024
Mibz Developments Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Mibz Developments Limited Company Information for the year ended 31 December 2024
Director
Mohammed Yusuf Zaman
Company Number
05227021 (England and Wales)
Registered Office
245C HECKMONDWIKE ROAD DEWSBURY WF13 3NF ENGLAND
Accountants
Nams Accountants Ltd Wesley Place Wellington Road Dewsbury WF13 1HD
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Mibz Developments Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
877,393 
877,392 
Investments
5
50,000 
50,000 
927,393 
927,392 
Current assets
Debtors
6
12,985 
12,985 
Cash at bank and in hand
40,566 
9,495 
53,551 
22,480 
Creditors: amounts falling due within one year
7
(33,218)
(45,052)
Net current assets/(liabilities)
20,333 
(22,572)
Total assets less current liabilities
947,726 
904,820 
Creditors: amounts falling due after more than one year
8
(705,824)
(700,824)
Provisions for liabilities
Deferred tax
(32,144)
(32,144)
Net assets
209,758 
171,852 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
209,658 
171,752 
Shareholders' funds
209,758 
171,852 
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 members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 October 2025 and were signed on its behalf by
Mohammed Yusuf Zaman Director Company Registration No. 05227021
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Mibz Developments Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Mibz Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 05227021. The registered office is 245C HECKMONDWIKE ROAD, DEWSBURY, WF13 3NF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 January 2024
1,117,170 
Additions
1 
At 31 December 2024
1,117,171 
Depreciation
At 1 January 2024
239,778 
At 31 December 2024
239,778 
Net book value
At 31 December 2024
877,393 
At 31 December 2023
877,392 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2024
50,000 
Valuation at 31 December 2024
50,000 
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Mibz Developments Limited Notes to the Accounts for the year ended 31 December 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
12,985 
12,985 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
3,289 
3,414 
Other creditors
29,929 
41,638 
33,218 
45,052 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
129,676 
129,676 
Loans from directors
576,148 
571,148 
705,824 
700,824 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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