Mimoco Property Holdings Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: 08014943 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

MIMOCO PROPERTY HOLDINGS LTD.

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

118,188

126,984

Investments

5

20,075

Investment property

6

2,085,000

2,223,263

2,232,059

CURRENT ASSETS

Debtors

7

397,071

338,525

Cash at bank

4,886

16,081

401,957

354,606

CREDITORS

Amounts falling due within one year

8

307,143

290,663

NET CURRENT ASSETS

94,814

63,943

TOTAL ASSETS LESS CURRENT LIABILITIES

2,318,077

2,296,002

CREDITORS

Amounts falling due after more than one year

9

(148,230

)

(187,128

)

PROVISIONS FOR LIABILITIES

(341,392

)

(341,904

)

ACCRUALS AND DEFERRED INCOME

(142,691

)

(146,655

)

NET ASSETS

1,685,764

1,620,315

CAPITAL AND RESERVES

Called up share capital

11

20,075

Fair value reserve

665,712

Retained earnings

999,977

934,528

SHAREHOLDERS' FUNDS

1,685,764

1,620,315

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 22 July 2026 and were signed on its behalf by:

Mr M G Redshaw - Director

1.	STATUTORY INFORMATION

Mimoco Property Holdings Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08014943

Registered office:

Airedale House

Units 11-14 Burton Close

Vulcan Road Industrial Estate

Norwich

Norfolk

NR6 6AZ

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.

Turnover

Turnover represents rental income receivable in the period, net of VAT.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 5% on cost

Investments in subsidiaries

Fixed asset investments are stated at cost less provision for diminution in value.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Group accounts

Group accounts have not been prepared as the company, together with its subsidiaries, qualifies as a small group. These financial statements relate solely to the results of the parent company.

Grants

Grants which are to acquire tangible fixed assets are credited to deferred grants and released to the profit and loss account over the estimated useful lives of the relevant assets.

3.

EMPLOYEES

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

227,435

Additions

2,582

At 31 December 2025

230,017

DEPRECIATION

At 1 January 2025

100,451

Charge for year

11,378

At 31 December 2025

111,829

NET BOOK VALUE

At 31 December 2025

118,188

At 31 December 2024

126,984

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

20,075

NET BOOK VALUE

At 31 December 2025

20,075

At 31 December 2024

20,075

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

2,085,000

NET BOOK VALUE

At 31 December 2025

2,085,000

At 31 December 2024

2,085,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2025

2,085,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

1,240,849

Investment property was valued on fair value basis on 3 January 2024 by Arnolds Keys .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

350

3,957

Amounts owed by group undertakings

389,956

323,311

Other debtors

6,765

11,257

397,071

338,525

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

36,084

33,268

Trade creditors

5,481

-

Amounts owed to group undertakings

149,530

158,530

Taxation and social security

9,157

12,918

Other creditors

106,891

85,947

307,143

290,663

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

148,230

187,128

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

29,873

47,294

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

184,314

220,396

The loans are secured via cross guarantees between Mimoco Property Holdings Ltd and its subsidiaries, Redco Limited and Red Dragon Media Limited.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

15,075

Ordinary A

£1

15,075

5,000

Ordinary B

£1

5,000

20,075

12.	ULTIMATE CONTROLLING PARTY

Mr M G Redshaw owns 75% of the issued share capital and as such controls the company.