REGISTERED NUMBER: 03165493 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Mi2g (Mi2g) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S K Matai

D K Matai

REGISTERED OFFICE:

Level 37

One Canada Square

Canary Wharf

London

E14 5AA

REGISTERED NUMBER:

03165493 (England and Wales)

ACCOUNTANTS:

We`ll Mind Your Own Business LTD

39 Long Acre

London

WC2E 9LG

FIXED ASSETS

Tangible assets

4

4,391

5,854

CURRENT ASSETS

Stocks

5

4,584,586

4,584,586

Debtors

6

7,375

11,607

Cash at bank

1,009,833

1,126,560

5,601,794

5,722,753

CREDITORS

Amounts falling due within one year

7

1,650,292

1,461,097

NET CURRENT ASSETS

3,951,502

4,261,656

TOTAL ASSETS LESS CURRENT LIABILITIES

3,955,893

4,267,510

CAPITAL AND RESERVES

Called up share capital

61

61

Share premium

92,992

92,992

Capital redemption reserve

9

9

Retained earnings

3,862,831

4,174,448

SHAREHOLDERS' FUNDS

3,955,893

4,267,510

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by:

D K Matai - Director

1.	STATUTORY INFORMATION

Mi2g (Mi2g) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Stocks

Property stock is stated at the lower of cost and net realisable value. Cost includes all costs associated with the purchase of land. Net realisable value is based on estimated selling price less further cost to completion.

Financial instruments

Financial assets and liabilities are recognised when the company becomes party to the contractual provision of the financial instrument.

Cash and cash equivalents

Comprises of cash at bank.

Financial Assets

Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Financial Liabilities

Creditors are not interest bearing and are stated at their nominal value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

47,842

DEPRECIATION

At 1 April 2024

41,988

Charge for year

1,463

At 31 March 2025

43,451

NET BOOK VALUE

At 31 March 2025

4,391

At 31 March 2024

5,854

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

4,584,586

4,584,586

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

VAT

1,979

2,444

Deferred tax asset

5,396

5,444

Prepayments

-

3,719

7,375

11,607

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

529

5,749

Other creditors

4,247

3,768

Directors' loan accounts

1,641,020

1,445,480

Accrued expenses

4,496

6,100

1,650,292

1,461,097

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The loan with the directors is charged at 1% above the Bank of England base rate, payable on the date of repatriation and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D K Matai.