REGISTERED NUMBER: 15385807 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 3 JANUARY 2024 TO 30 JUNE 2025

FOR

MIKEBEN PROPERTIES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

M Mireku

E K D Odoom

REGISTERED OFFICE:

10 Broxtowe Lane

Nottingham

NG8 5NP

REGISTERED NUMBER:

15385807 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

Black Country House

Rounds Green Road

Oldbury

West Midlands

B69 2DG

FIXED ASSETS

Tangible assets

4

5,296

Investment property

5

256,591

261,887

CURRENT ASSETS

Debtors

6

8,674

Cash at bank

3,780

12,454

CREDITORS

Amounts falling due within one year

7

126,388

NET CURRENT LIABILITIES

(113,934

)

TOTAL ASSETS LESS CURRENT LIABILITIES

147,953

CREDITORS

Amounts falling due after more than one year

8

188,984

NET LIABILITIES

(41,031

)

CAPITAL AND RESERVES

Called up share capital

4

Retained earnings

(41,035

)

SHAREHOLDERS' FUNDS

(41,031

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2025 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 16 December 2025 and were signed on its behalf by:

E K D Odoom - Director

1.	STATUTORY INFORMATION

Mikeben Properties 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.

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.

Office equipment

-

33.33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For long term finance they rely on the loans provided by Cinderhill Pharmacy Limited disclosed in note 7, and a bank loan disclosed in notes 8 and 9. In assessing going concern they have assumed that the loans from Cinderhill Pharmacy Limited will not be repaid for the foreseeable future and the company has sufficient cashflow to cover the bank loan repayments for the next 12 months. On that basis, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

Cost

Additions

7,945

At 30 June 2025

7,945

Depreciation

Charge for period

2,649

At 30 June 2025

2,649

Net book value

At 30 June 2025

5,296

5.	INVESTMENT PROPERTY

Total

£

Fair value

Additions

256,591

At 30 June 2025

256,591

Net book value

At 30 June 2025

256,591

The investment property has been valued on the open market by the directors at the year end. The original cost of the property was £256,591.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

8,674

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to participating interests

124,388

Other creditors

2,000

126,388

Amounts included in "amounts owed to participating interests" are loans provided by Cinderhill Pharmacy Limited, a company owned by the shareholders.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

188,984

9.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

188,984

Bank loan is secured over the investment property.