MIHMIC INVESTMENTS LIMITED

MIHMIC INVESTMENTS LIMITED

Statement of Financial Position

As at 28 October 2025

	2025 £	2024 £
Fixed assets
Tangible fixed assets	2,216	3,121
Financial assets	2,140,547	2,127,947
	2,142,763	2,131,068
Current assets
Debtors	55,595	59,863
Cash at bank and in hand	16,411	34,228
	72,006	94,091
Creditors: amount falling due within one year	(57,743)	(69,096)
Net current assets/(liabilities)	14,263	24,995


Total assets less current liabilities	2,157,026	2,156,063
Creditors: amount falling due after more than one year	(2,305,246)	(2,311,605)
Net assets/(liabilities)	(148,220)	(155,542)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(148,320)	(155,642)
Shareholders fund	(148,220)	(155,542)

For the period ended 28 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

Signed on behalf of the board of directors:

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Marcus Lee Seale
Director

Date approved: 24 July 2026

MIHMIC INVESTMENTS LIMITED

Notes to the Accounts

For the period ended 28 October 2025

Statutory Information

Mihmic Investments Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 10990848, registration address 2 Montgomery Close, Sidcup, DA15 8RA, England.

The presentation currency is £ sterling.

Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).

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 rental of properties, which is recognised on a time basis in accordance with leases with tenants

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at historical cost or valuation less depreciation and any provision for impairment. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and fittings Over 5 years
Computers Over 5 years

Investment properties

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 at the reporting end date. Changes in fair value are recognised in profit or loss.

Trade and other debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are highly liquid investments and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Short-term creditors are measured at the transaction price. The other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2.	Average number of employees Average number of employees during the period were 2 (2024: 2).