REGISTERED NUMBER: 14429821 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MIE GROUP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Yasin

Mrs R Kouser

REGISTERED OFFICE:

3 Doolittle Yard

Froghall Road

Ampthill

Bedfordshire

MK45 2NW

BUSINESS ADDRESS:

67A Kingsway

Luton

Bedfordshire

LU4 8EJ

REGISTERED NUMBER:

14429821 (England and Wales)

ACCOUNTANTS:

GKP (Ampthill) Limited

Chartered Accountants

3 Doolittle Yard

Froghall Road

Ampthill

Bedfordshire

MK45 2NW

FIXED ASSETS

Tangible assets

4

3,610

-

Investments

5

5,778,200

5,778,200

Investment property

6

857,735

907,735

6,639,545

6,685,935

CURRENT ASSETS

Debtors

7

931,311

158,458

Cash at bank

98,936

59,470

1,030,247

217,928

CREDITORS

Amounts falling due within one year

8

(1,897,249

)

(1,084,866

)

NET CURRENT LIABILITIES

(867,002

)

(866,938

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,772,543

5,818,997

CAPITAL AND RESERVES

Called up share capital

240

240

Share premium

5,639,880

5,639,880

Retained earnings

132,423

178,877

SHAREHOLDERS' FUNDS

5,772,543

5,818,997

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 29 December 2025 and were signed on its behalf by:

M Yasin - Director

1.	STATUTORY INFORMATION

MIE Group 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.

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 as modified by the revaluation of certain assets.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty

The directors do not consider there to be any critical accounting judgements.

Key sources of estimation uncertainty

The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated and useful economic lives and residual values of the assets. The useful economic lives and residual vales are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. The remaining useful economic life of the asset is considered a key source of estimation uncertainty.

The market value of investment properties are determined annually based on information provided by the directors based on their knowledge and understanding of the property market. There is an inevitable degree of judgement involved in that each property is unique and value can only ultimately be reliably tested in the market itself.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation.

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

Computer equipment - 33.33% straight line

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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed asset investments

Fixed asset investments are measured at cost less permanent diminution in value.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

3,767

At 31 March 2025

3,767

DEPRECIATION

Charge for year

157

At 31 March 2025

157

NET BOOK VALUE

At 31 March 2025

3,610

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

5,778,200

NET BOOK VALUE

At 31 March 2025

5,778,200

At 31 March 2024

5,778,200

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

907,735

Impairments

(50,000

)

At 31 March 2025

857,735

NET BOOK VALUE

At 31 March 2025

857,735

At 31 March 2024

907,735

The directors have valued the investment property at 31 March 2025 based on their knowledge and understanding of the property market. They do not have any recognised professional qualifications in this field.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

(50,000

)

Cost

907,735

857,735

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

930,735

2,449

Directors' current accounts

-

155,630

Prepayments

576

379

931,311

158,458

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,172

1,640

Amounts owed to associates

1,847,656

1,078,263

Tax

1,026

3,049

Other creditors

568

568

Directors' current accounts

44,745

-

Accrued expenses

2,082

1,346

1,897,249

1,084,866

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

M Yasin and Mrs R Kouser

Balance outstanding at start of year

155,630

-

Amounts advanced

-

155,630

Amounts repaid

(155,630

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

155,630

10.	RELATED PARTY DISCLOSURES

A composite company limited multilateral guarantee has been given to the company's bankers by AKM UK Group Ltd, AKM South Ltd, AKM North Ltd, AFJ Group Ltd and MIE Group Ltd.

At the balance sheet date, MIE Group Ltd owed £1,847,656 (2024: £670,321) to AKM UK Group Ltd, an associated company.

At the balance sheet date, MIE Group Ltd owed £nil (2024: £237,466) to AKM North Ltd, an associated company.

At the balance sheet date, MIE Group Ltd owed £nil (2024: £170,476) to AKM South Ltd, an associated company.

At the balance sheet date, MIE Group Ltd was owed £930,735 (2024: £nil) by MIE Real Estate Dubai LLC, a subsidiary company.

All the above loan balances and director's loan balance were interest free and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by virtue of their shareholdings.