Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 29798656 30959490 11 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 2024-04-01 No description of principal activity 4 false true false 10313261 2024-04-01 2025-03-31 10313261 2023-04-01 2024-03-31 10313261 2025-03-31 10313261 2024-03-31 10313261 c:Director1 2024-04-01 2025-03-31 10313261 d:FreeholdInvestmentProperty 2024-04-01 2025-03-31 10313261 d:FreeholdInvestmentProperty 2025-03-31 10313261 d:FreeholdInvestmentProperty 2024-03-31 10313261 d:LeaseholdInvestmentProperty 2024-04-01 2025-03-31 10313261 d:LeaseholdInvestmentProperty 2025-03-31 10313261 d:LeaseholdInvestmentProperty 2024-03-31 10313261 d:CurrentFinancialInstruments 2025-03-31 10313261 d:CurrentFinancialInstruments 2024-03-31 10313261 d:Non-currentFinancialInstruments 2025-03-31 10313261 d:Non-currentFinancialInstruments 2024-03-31 10313261 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 10313261 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10313261 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 10313261 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 10313261 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2025-03-31 10313261 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 10313261 d:ShareCapital 2025-03-31 10313261 d:ShareCapital 2024-03-31 10313261 d:SharePremium 2024-04-01 2025-03-31 10313261 d:SharePremium 2025-03-31 10313261 d:SharePremium 2024-03-31 10313261 d:InvestmentPropertiesRevaluationReserve 2024-04-01 2025-03-31 10313261 d:InvestmentPropertiesRevaluationReserve 2025-03-31 10313261 d:InvestmentPropertiesRevaluationReserve 2024-03-31 10313261 d:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 10313261 d:RetainedEarningsAccumulatedLosses 2025-03-31 10313261 d:RetainedEarningsAccumulatedLosses 2024-03-31 10313261 c:OrdinaryShareClass1 2024-04-01 2025-03-31 10313261 c:OrdinaryShareClass1 2025-03-31 10313261 c:OrdinaryShareClass1 2024-03-31 10313261 c:FRS102 2024-04-01 2025-03-31 10313261 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10313261 c:FullAccounts 2024-04-01 2025-03-31 10313261 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10313261 2 2024-04-01 2025-03-31 10313261 d:Right-of-useInvestmentProperty 2024-04-01 2025-03-31 10313261 d:Right-of-useInvestmentProperty 2025-03-31 10313261 d:Right-of-useInvestmentProperty 2024-03-31 10313261 e:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10313261 MIRIAD PROPERTY INVESTMENTS LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
MIRIAD PROPERTY INVESTMENTS LIMITED REGISTERED NUMBER: 10313261 BALANCE SHEET AS AT 31 MARCH 2025
| 2025 | 2025 | 2024 | 2024
Note | £ | £ | £ | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 14,899,328 |  | 15,479,745
|  |  | 14,899,328 |  | 15,479,745
Current assets |  |  |  |  |
Debtors: amounts falling due after more than one year | 5 | - |  | 420,222 |
Debtors: amounts falling due within one year | 5 | 1,927,236 |  | 1,877,250 |
Cash at bank and in hand | 6 | 1,077,620 |  | 291,176 |
|  | 3,004,856 |  | 2,588,648 |
Creditors: amounts falling due within one year | 7 | (74,476) |  | (73,095) |
Net current assets |  |  | 2,930,380 |  | 2,515,553
Total assets less current liabilities |  |  | 17,829,708 |  | 17,995,298
Creditors: amounts falling due after more than one year | 8 |  | (8,128,250) |  | (8,313,500)
Net assets |  |  | 9,701,458 |  | 9,681,798
Capital and reserves |  |  |  |  |
Called up share capital | 10 |  | 1,600 |  | 1,600
Share premium account | 11 |  | 13,436,863 |  | 13,436,863
Investment property reserve | 11 |  | 752,760 |  | 777,918
Profit and loss account | 11 |  | (4,489,765) |  | (4,534,583)
|  |  | 9,701,458 |  | 9,681,798
Page 1
MIRIAD PROPERTY INVESTMENTS LIMITED REGISTERED NUMBER: 10313261 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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. The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 October 2025.
A L Dias
Director
The notes on pages 3 to 10 form part of these financial statements. Page 2
MIRIAD PROPERTY INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Miriad Property Investments Limited is a private company, limited by shares, incorporated in England and Wales, registration number 10313261. The registered office is Haslers, Old Station Road, Loughton, Essex, IG10 4PL. The principal activity of the company continued to be that of property investment. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Revenue from rental properties is recognised for the period for which the rent is due.
| 2.3 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.6 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 3
MIRIAD PROPERTY INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.7 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.8 | Investment property
Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
| 2.9 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.10 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.11 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 4
MIRIAD PROPERTY INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.12 | Financial instruments
Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument. Basic financial assets Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments. Impairment of financial assets Financial assets are assessed for indicators of impairment at each reporting date. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial instruments Page 5
MIRIAD PROPERTY INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.12 | Financial instruments (continued)
Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
3. | Employees
| The average monthly number of employees, including directors, during the year was 11 (2024 - 4).
4. | Investment property
|  | Freehold investment property | Long term leasehold investment property | Property held for develop-ment | Total
|  | £ | £ | £ | £
| Valuation |  |  |  |
| At 1 April 2024 | 5,690,000 | 9,779,015 | 10,730 | 15,479,745
| Additions at cost | 8,370 | 78,674 | - | 87,044
| Disposals | - | (656,731) | (10,730) | (667,461)
| At 31 March 2025 | 5,698,370 | 9,200,958 | - | 14,899,328
The 2025 valuations were made by the directors, on an open market value for existing use basis.
Page 6
MIRIAD PROPERTY INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due after more than one year |  |
| Other debtors | - | 420,222
|  | - | 420,222
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due within one year |  |
| Trade debtors | 108,358 | 57,434
| Amounts owed by group undertakings | 39,030 | 39,030
| Other debtors | 1,769,516 | 1,768,431
| Prepayments and accrued income | 10,332 | 12,355
|  | 1,927,236 | 1,877,250
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 1,077,620 | 291,176
|  | 1,077,620 | 291,176
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 19,513 | 8,609
| Other taxation and social security | 5 | -
| Other creditors | 49,458 | 64,486
| Accruals and deferred income | 5,500 | -
|  | 74,476 | 73,095
Page 7
MIRIAD PROPERTY INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 8,128,250 | 8,313,500
|  | 8,128,250 | 8,313,500
| The following liabilities were secured:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 8,252,993 | 8,313,500
|  | 8,252,993 | 8,313,500
| Details of security provided:
The bank loans are secured by legal charges over the Company's properties.
| The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Repayable other than by instalments | 8,252,993 | 8,313,500
|  | 8,252,993 | 8,313,500
The term of the loan is 10 years starting on the date the loan was advanced.The loan is an interest only loan with the interest rate will be a fixed rate of 3.05% until 31/07/2027. Following the expiry of this initial period the interest rate will be set at 4.74% for the remaining term of the loan. The full balance of the loan will be due at the end of the 10 year period. Page 8
MIRIAD PROPERTY INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
9. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due after more than 5 years |  |
| Bank loans | 8,128,250 | 8,313,500
|  | 8,128,250 | 8,313,500
|  | 8,128,250 | 8,313,500
10. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 1,600 (2024 - 1,600) Ordinary shares of £1.00 each | 1,600 | 1,600
11. | Reserves
Share premium account The share premium account represents the cumulative premium on shares issued by the company. Investment property revaluation reserve The investment property revaluation reserve represents cumulative effects of fair value adjustments net of deferred tax and other adjustments. Profit and loss account The profit and loss account represents cumulative profits and losses net of dividends and other adjustments.
12. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £7,780 (2024 - £7,483) . Contributions totalling £579 (2024 - £1,425) were payable to the fund at the balance sheet date and are included in creditors. Page 9
MIRIAD PROPERTY INVESTMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
13. | Related party transactions
| At the year end, the following amounts were due from/(to) related parties:
|  | 2025 | 2024
|  | £ | £
| Key management personnel | (108,275) | (106,395)
14. | Controlling party
The ultimate controlling party is Miriad Property Holdings Limited by way of majority shareholding.
Page 10