Company Registration No. 10730271 (England and Wales)
MI COMPROPERTIES LTD
Unaudited accounts
for the year ended 31 March 2025
MI COMPROPERTIES LTD
Unaudited accounts
Contents
MI COMPROPERTIES LTD
Company Information
for the year ended 31 March 2025
Company Number
10730271 (England and Wales)
Registered Office
47A BELLEFIELDS ROAD
THE QUEEN
LONDON
SW9 9UH
ENGLAND
Accountants
Syldon & Co Accountants
7-13 High Street
Suite B, 1st Floor
Romford
RM1 1JU
MI COMPROPERTIES LTD
Statement of financial position
as at 31 March 2025
Tangible assets
20,580
21,663
Investments
991,969
991,969
Cash at bank and in hand
70,125
27,514
Creditors: amounts falling due within one year
(27,037)
(28,394)
Net current assets
48,129
7,127
Total assets less current liabilities
1,060,678
1,020,759
Creditors: amounts falling due after more than one year
(1,212,827)
(1,140,239)
Net liabilities
(152,149)
(119,480)
Called up share capital
10
10
Profit and loss account
(152,159)
(119,490)
Shareholders' funds
(152,149)
(119,480)
For the year ending 31 March 2025 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 her 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 11 November 2025 and were signed on its behalf by
BOLA SOBOWALE
Director
Company Registration No. 10730271
MI COMPROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2025
MI COMPROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 10730271. The registered office is 47A BELLEFIELDS ROAD, THE QUEEN, LONDON, SW9 9UH, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The turnover is the rent receivable from the tenants and no other activities.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has not been provided as per the management decesion.
4
Tangible fixed assets
Fixtures & fittings
MI COMPROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2025
5
Investments
Other investments
Valuation at 1 April 2024
991,969
Valuation at 31 March 2025
991,969
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
43
43
Other creditors
4,278
4,278
Loans from directors
20,048
20,048
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
298,634
298,634
Other creditors
914,193
841,605
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).