Company Registration No. 03134086 (England and Wales)
MIC Developments Limited
Unaudited accounts
for the year ended 31 May 2025
MIC Developments Limited
Unaudited accounts
Contents
MIC Developments Limited
Company Information
for the year ended 31 May 2025
Directors
Mrs Caroline Ellen Muller-Carpenter
Mr Michael Ian Carpenter
Secretary
Mrs Caroline Ellen Muller-Carpenter
Company Number
03134086 (England and Wales)
Registered Office
21 Cricket Green
Mitcham
Surrey
CR4 4LB
MIC Developments Limited
Statement of financial position
as at 31 May 2025
Tangible assets
1,100
2,200
Cash at bank and in hand
(1,711)
86
Creditors: amounts falling due within one year
(354,790)
(311,015)
Net current liabilities
(353,056)
(310,382)
Net liabilities
(351,956)
(308,182)
Called up share capital
100
100
Profit and loss account
(352,056)
(308,282)
Shareholders' funds
(351,956)
(308,182)
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by
Mrs Caroline Ellen Muller-Carpenter
Director
Company Registration No. 03134086
MIC Developments Limited
Notes to the Accounts
for the year ended 31 May 2025
MIC Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 03134086. The registered office is 21 Cricket Green, Mitcham, Surrey, CR4 4LB.
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.
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
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2024
12,370
4,400
4,509
2,769
24,048
At 31 May 2025
12,370
4,400
4,509
2,769
24,048
At 1 June 2024
12,370
2,200
4,509
2,769
21,848
Charge for the year
-
1,100
-
-
1,100
At 31 May 2025
12,370
3,300
4,509
2,769
22,948
At 31 May 2025
-
1,100
-
-
1,100
At 31 May 2024
-
2,200
-
-
2,200
Amounts falling due within one year
MIC Developments Limited
Notes to the Accounts
for the year ended 31 May 2025
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
3,001
4,662
Amounts owed to group undertakings and other participating interests
34,247
35,767
Taxes and social security
192
326
Other creditors
1,196
1,137
Loans from directors
313,442
267,671
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
Sales of £17,867.00 and £10,422.00 were made to Cricket Green Properties Ltd and Red 8 Investments UK Ltd respectively. Mr Michael Carpenter and Mrs Caroline Muller-Carpenter own the all shares in the above Companies by a 50:50 ratio. Blue Properties was owed £15,715.00 and Carmule Investments Ltd was owed £12,085 at the end of the year.
9
Average number of employees
During the year the average number of employees was 3 (2024: 3).