Company registration number 15647616 (England and Wales)
MIT INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
MIT INVESTMENTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
MIT INVESTMENTS LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
Notes
£
£
Fixed assets
Investment property
3
1,300,000
Investments
4
20,872
1,320,872
Current assets
Cash at bank and in hand
107,959
Creditors: amounts falling due within one year
5
(74,680)
Net current assets
33,279
Total assets less current liabilities
1,354,151
Provisions for liabilities
(14,256)
Net assets
1,339,895
Capital and reserves
Called up share capital
6
13,872
Non distributable reserves
42,766
Profit and loss reserves
1,283,257
Total equity
1,339,895

For the financial period ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 15 January 2026 and are signed on its behalf by:
Mrs R H Martin
Director
Company registration number 15647616 (England and Wales)
MIT INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2025
- 2 -
1
Accounting policies
Company information
MIT Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3 Waterfront Business Park, Brierley Hill, West Midlands, DY5 1LX. The company registration number is 15647616.
1.1
Reporting period

The company was incorporated on 15 April 2024 and started to trade on 24 October 2024. The financial statements cover the period from 24 October 2024 to 30 June 2025.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention with the exception of investment property which has been prepared under fair value.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

The principal accounting policies adopted are set out below.

1.3
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Revenue

Turnover consists of rental income which is accounted for so as to recognise income in the period for which the leaseholder has an obligation to pay rent.

1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include s cash at bank.

MIT INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 3 -
1.8
Financial instruments
Basic financial assets

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Basic financial liabilities

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest method. Loans and borrowings that are receivable within one year are not discounted. If an arrangement constitutes a finance transaction it is measured at present value of future payments discounted at a market rate of interest for a similar loan.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

MIT INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2025
- 4 -
2
Employees

The company has no employees other than the directors

3
Investment property
2025
£
Fair value
At 15 April 2024
-
0
Additions
1,242,978
Revaluations
57,022
At 30 June 2025
1,300,000

The property has been revalued by the directors having regard to the full valuation of the Investment Property carried out by Bruton Knowles Limited on 8 October 2024. Bruton Knowles Limited is an independent, professionally qualified valuer. The valuation was undertaken in accordance with the Red Book RICS valuation standard.

If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2025
£
Cost
1,242,978
Accumulated depreciation
-
Carrying amount
1,242,978
4
Fixed asset investments
2025
£
Shares in group undertakings and participating interests
20,872
Movements in fixed asset investments
Shares in associates
£
Cost
At 15 April 2024
-
Additions
20,872
At 30 June 2025
20,872
Carrying amount
At 30 June 2025
20,872
MIT INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2025
4
Fixed asset investments
(Continued)
- 5 -

The company acquired 25.1% of the issued share capital of Mirage Operations Limited on 24 October 2024 from directors of the company.

On 3 October 2025, Mirage Operations Limited bought back the shares held by MIT Investments Limited.

5
Creditors: amounts falling due within one year
2025
£
Corporation tax
17,500
Other taxation and social security
4,909
Other creditors
52,271
74,680
6
Called up share capital
2025
Ordinary share capital
£
Issued and fully paid
693606 E Ordinary shares of 1p each
6,936
346803 F Ordinary shares of 1p each
3,468
346803 G Ordinary shares of 1p each
3,468
13,872

The company was incorporated on 15 April 2024 with 1 £0.01 E Ordinary share.

On 24 October 2024, 693,605 Ordinary E shares of £0.01 each, 346,803 Ordinary F shares of £0.01 each and.346,803 Ordinary G shares of £0.01 each were issued as consideration by the company upon the acquisition of certain shares in the issued share capital of Mirage Operations Limited.

MIT INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2025
- 6 -
7
Controlling Party

The directors believe there to be no single controlling party.

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