REGISTERED NUMBER: 04287890 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

MIRENPASS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr I H Abdeali

Mr A A Abdeali

SECRETARY:

Mr I H Abdeali

REGISTERED OFFICE:

370-386 Farnham Road

Slough

SL2 1JD

REGISTERED NUMBER:

04287890 (England and Wales)

SENIOR STATUTORY AUDITOR:

Thurairatnam Sudarshan FCCA

AUDITORS:

Xeinadin Audit Limited, Statutory Auditor

Chartered Accountants

Maple House, Level 5A

149 Tottenham Court Road

London

W1T 7NF

FIXED ASSETS

Tangible assets

4

39,968

31,794

Investment property

5

10,075,000

9,700,000

10,114,968

9,731,794

CURRENT ASSETS

Debtors

646,658

495,306

CREDITORS

Amounts falling due within one year

5,315,005

5,409,567

NET CURRENT LIABILITIES

(4,668,347

)

(4,914,261

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,446,621

4,817,533

PROVISIONS FOR LIABILITIES

203,192

107,232

NET ASSETS

5,243,429

4,710,301

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Fair value reserve

1,422,093

1,422,093

Retained earnings

3,721,336

3,188,208

5,243,429

4,710,301

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 October 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 October 2026 and were signed on its behalf by:

Mr I H Abdeali - Director

1.	STATUTORY INFORMATION

Mirenpass Limited 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 (£).

In the previous accounting period, the company was entitled to audit exemption under S477 of the Companies Act as it was a small company. Therefore, comparatives were not subject to an audit.

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.

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The items in the financial statements where these judgements and estimates have been made include:

- assessing the recoverability of the intercompany balances.

Other key sources of estimation uncertainty

- investment properties (see note 5)

lnvestment properties are professionally valued annually using a yield methodology. This uses market rental values capitalised at a market capitalisation rate but 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.

Going concern

The current liabilities exceed the current assets at the balance sheet but the company continues to have the support of its parent company and the director to continue trading for the foreseeable future.

Turnover

Turnover comprises income received from property rental.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Investment property

Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Financial instruments

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow Group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2024

190,202

Additions

18,166

At 31 October 2025

208,368

DEPRECIATION

At 1 November 2024

158,408

Charge for year

9,992

At 31 October 2025

168,400

NET BOOK VALUE

At 31 October 2025

39,968

At 31 October 2024

31,794

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

9,700,000

Revaluations

375,000

At 31 October 2025

10,075,000

NET BOOK VALUE

At 31 October 2025

10,075,000

At 31 October 2024

9,700,000

Freehold properties comprise commercial and residential properties. The investment property was independently valued by Vail Williams, Chartered Surveyors, at £10,075,000 as at 31 March 2025. The directors have considered market conditions and are satisfied that this valuation remains an appropriate estimate of the property's fair value as at 31 October 2025.

In the event of these freehold properties being sold for the amount stated in the financial statements, it is estimated that a tax charge of approximately £203,192 (2024: £107,232) would arise, for which provision has been made in these financial statements.

The historical cost of the freehold properties stated in the financial statements is £6,798,727 (2024: £6,798,727).

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Thurairatnam Sudarshan FCCA FCCA(Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited, Statutory Auditor

7.	RELATED PARTY DISCLOSURES

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.

2025

2024

£

£

A.A.& Sons Limited - other creditors

2,356,784

2,656,655

A.A. & Sons Limited - loan interest payable

205,043

280,000

Eton House Residential Home - other creditors

592,588

490,588

Montem Guest House - other creditors

493,247

493,247

Perfect Homes 2 Let Limited - other creditors

377,448

265,048

Perfect Homes 2 Let Limited - management fees paid

102,000

180,000

Triple A Development Management Limited - other debtors

183,313

55,631

Mr I H Abdeali and Mr A A Abdeali are directors and shareholders of the above companies.

8.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature, we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

9.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Triple A Holdings Limited, a company registered in the United Kingdom. Mr I H Abdeali and Mr A A Abdeali are directors and shareholders of Triple A Holdings Limited.