Mia Investments (Uk) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09346237 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

MIA INVESTMENTS (UK) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R M Barrett

SECRETARY:

Z B Barrett

REGISTERED OFFICE:

114 - 116 Goodmayes Road

Ilford

Essex

IG3 9UZ

REGISTERED NUMBER:

09346237 (England and Wales)

ACCOUNTANTS:

Ashfords Partnership LLP

114 - 116 Goodmayes Road

Ilford

Essex

IG3 9UZ

FIXED ASSETS

Tangible assets

4

145,872

156,996

Investment property

5

2,796,399

2,796,399

2,942,271

2,953,395

CURRENT ASSETS

Debtors

6

8,889

4,946

Cash at bank and in hand

4,789

13,665

13,678

18,611

CREDITORS

Amounts falling due within one year

7

33,222

21,629

NET CURRENT LIABILITIES

(19,544

)

(3,018

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,922,727

2,950,377

CREDITORS

Amounts falling due after more than one year

8

250,892

241,275

NET ASSETS

2,671,835

2,709,102

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

10

2,671,833

2,709,100

SHAREHOLDERS' FUNDS

2,671,835

2,709,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 21 December 2018 and were signed by:

R M Barrett - Director

1.	STATUTORY INFORMATION

Mia Investments (Uk) 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents rental income receivable

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

-

25% on reducing balance

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.

Going concern

The accounts have been prepared on a going concern basis on the assumption that the company will continue to

receive adequate financial assistance from its creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Boat and

moorings

£

COST

At 1 April 2017

and 31 March 2018

191,602

DEPRECIATION

At 1 April 2017

34,606

Charge for year

11,124

At 31 March 2018

45,730

NET BOOK VALUE

At 31 March 2018

145,872

At 31 March 2017

156,996

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

and 31 March 2018

2,796,399

NET BOOK VALUE

At 31 March 2018

2,796,399

At 31 March 2017

2,796,399

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Tax

3,741

-

Prepayments

5,148

4,946

8,889

4,946

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Rent recd in advance

26,918

13,390

Tax

-

3,749

Social security and other taxes

1,446

590

Rent deposit

1,500

1,500

Pension cont

117

-

Accrued expenses

3,241

2,400

33,222

21,629

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Amounts owed to associates

250,892

241,275

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

2

Ordinary

1

2

2

10.

RESERVES

Retained

earnings

£

At 1 April 2017

2,709,100

Deficit for the year

(37,267

)

At 31 March 2018

2,671,833

11.	RELATED PARTY DISCLOSURES

Refined Precious Metals Ltd

An Associated company in which Mr R M Barrett is the ultimate beneficial owner and Director

Also included under creditors is £250,892 (2017 £241,275) due to RPM Ltd, an Associated company. Interest

totalling £18,843 was payable on these loans.

RPM Ltd occupies premises owned by Mia Investments Ltd and has paid rent totalling £21,000 (2017 £21,000) for

its use.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is R M Barrett.