REGISTERED NUMBER: 06862286 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MITEK-88 LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTORS:

H T Choo

Mrs T M Choo

REGISTERED OFFICE:

Danesbury House

49 Cardiff Road

Luton

Bedfordshire

LU1 1PP

REGISTERED NUMBER:

06862286 (England and Wales)

ACCOUNTANTS:

F E Hawkes & Co Limited

'Danesbury House'

49 Cardiff Road

Luton

Bedfordshire

LU1 1PP

FIXED ASSETS

28,379

Tangible assets

4

21,283

1,510,004

Investment property

5

1,510,004

1,538,383

1,531,287

CURRENT ASSETS

18,648

Cash at bank

5,673

CREDITORS

(425,026

)

Amounts falling due within one year

(411,797

)

(406,378

)

NET CURRENT LIABILITIES

(406,124

)

1,132,005

TOTAL ASSETS LESS CURRENT LIABILITIES

1,125,163

CREDITORS

(888,077

)

Amounts falling due after more than one year

6

(877,437

)

(5,392

)

PROVISIONS FOR LIABILITIES

(4,044

)

238,536

NET ASSETS

243,682

CAPITAL AND RESERVES

2

Called up share capital

2

238,534

Retained earnings

243,680

238,536

243,682

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 December 2025 and were signed on its behalf by:

H T Choo - Director

1.	STATUTORY INFORMATION

Mitek-88 Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 06862286 and the registered office is Danesbury House, 49 Cardiff Road, Luton, Bedfordshire, LU1 1PP.

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.

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is included at fair value. Gains are recognized in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

Totals

£

COST

At 1 April 2024

and 31 March 2025

47,795

DEPRECIATION

At 1 April 2024

19,417

Charge for year

7,095

At 31 March 2025

26,512

NET BOOK VALUE

At 31 March 2025

21,283

At 31 March 2024

28,378

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,510,004

NET BOOK VALUE

At 31 March 2025

1,510,004

At 31 March 2024

1,510,004

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable by instalments

Mortgage over five years

533,820

533,820

Other loan

222,354

222,354

756,174

756,174

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

H T Choo and Mrs T M Choo

Balance outstanding at start of year

366,968

391,675

Amounts repaid

(9,751

)

(24,707

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

357,217

366,968

Dividends of £500 has been declared and paid to Mr H T Choo, whilst Mrs T M Choo has waived her rights to the dividend.

.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

F E Hawkes & Co Limited

'Danesbury House'

49 Cardiff Road

Luton

Bedfordshire

LU1 1PP

30 December 2025