Acorah Software Products - Accounts Production 16.7.461 false true false 24 February 2024 28 February 2025 28 February 2025 NI710617 Mr Robert Herring Mrs Nicola Herring iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI710617 2024-02-23 NI710617 2025-02-28 NI710617 2024-02-24 2025-02-28 NI710617 frs-core:CurrentFinancialInstruments 2025-02-28 NI710617 frs-core:Non-currentFinancialInstruments 2025-02-28 NI710617 frs-core:FurnitureFittings 2025-02-28 NI710617 frs-core:FurnitureFittings 2024-02-24 2025-02-28 NI710617 frs-core:FurnitureFittings 2024-02-23 NI710617 frs-core:ShareCapital 2025-02-28 NI710617 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 NI710617 frs-bus:PrivateLimitedCompanyLtd 2024-02-24 2025-02-28 NI710617 frs-bus:FilletedAccounts 2024-02-24 2025-02-28 NI710617 frs-bus:SmallEntities 2024-02-24 2025-02-28 NI710617 frs-bus:AuditExempt-NoAccountantsReport 2024-02-24 2025-02-28 NI710617 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-24 2025-02-28 NI710617 frs-bus:Director1 2024-02-24 2025-02-28 NI710617 frs-bus:Director2 2024-02-24 2025-02-28 NI710617 frs-countries:NorthernIreland 2024-02-24 2025-02-28
Registered number: NI710617
Miniro Property Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
Grid Accounting Ltd
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: NI710617
2025
Notes £ £
FIXED ASSETS
Tangible Assets 4 759
Investment Properties 5 104,030
104,789
CURRENT ASSETS
Debtors 6 291
Cash at bank and in hand 38,340
38,631
Creditors: Amounts Falling Due Within One Year 7 (85,996 )
NET CURRENT ASSETS (LIABILITIES) (47,365 )
TOTAL ASSETS LESS CURRENT LIABILITIES 57,424
Creditors: Amounts Falling Due After More Than One Year 8 (67,471 )
NET LIABILITIES (10,047 )
CAPITAL AND RESERVES
Called up share capital 9 100
Income Statement (10,147 )
SHAREHOLDERS' FUNDS (10,047)
Page 1
Page 2
For the year ending 28 February 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Robert Herring
Director
19/12/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Miniro Property Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI710617 . The registered office is 52 Castlehill Road, Belfast, Northern Ireland, BT4 3GP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% straight line
2.4. Investment Properties
All investment properties are 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 for. Changes in fair value are recognised in the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2
2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 24 February 2024 -
Additions 828
As at 28 February 2025 828
Depreciation
As at 24 February 2024 -
Provided during the period 69
As at 28 February 2025 69
...CONTINUED
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Net Book Value
As at 28 February 2025 759
As at 24 February 2024 -
5. Investment Property
2025
£
Fair Value
As at 24 February 2024 -
Additions 104,030
As at 28 February 2025 104,030
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.
6. Debtors
2025
£
Due within one year
Other debtors 291
Other debtors includes prepaid expenses of £291
7. Creditors: Amounts Falling Due Within One Year
2025
£
Amounts owed to group undertakings 45,300
Other creditors 40,696
85,996
Creditors due within one year includes a loan of £45,300 from Miniro Investments Ltd, a subsidiary by virtue of investment, and a loan from the directors £40,696 for funds advanced to cover expenses. Loans from directors are unsecured, interest free and have no fixed terms of repayment. 
8. Creditors: Amounts Falling Due After More Than One Year
2025
£
Bank loans 67,471
Creditors falling due after more than one year comprise a 25 year mortgage in respect of the property purchased. The balance owed as at 28 Feburary 2025 was £67,471, of which £4,583 is payable in the next 12 nonths. The mortgage is interest-only with no capital repayments and currently has an interest rate of 6.2%. 
9. Share Capital
2025
£
Allotted, Called up and fully paid 100
10. Related Party Transactions
Miniro Property Ltd is a related party by virtue of being 100% shareholder of Miniro Investments Ltd, a company registered in Northern Ireland, registered office address 52 Castlehill Road, Belfast, BT4 3GP
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