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REGISTERED NUMBER: 00164687 (England and Wales)












Abridged Unaudited Financial Statements

for the Year Ended 31 March 2017

for

MIWA LIMITED
MIWA LIMITED (REGISTERED NUMBER: 00164687)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8
MIWA LIMITED

Company Information
for the Year Ended 31 March 2017







DIRECTOR: S Di Gregorio





REGISTERED OFFICE: Unit 29
The Ridgeway
Iver
Buckinghamshire
SLO 9HX





BUSINESS ADDRESS: Unit 6-7
The Ridgeway
Iver
Buckinghamshire
SLO 9HW





REGISTERED NUMBER: 00164687 (England and Wales)





ACCOUNTANTS: Masons
337 Bath Road
Slough
Berkshire
SL1 5PR
MIWA LIMITED (REGISTERED NUMBER: 00164687)

Abridged Balance Sheet
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Investments 4 - 100
Investment property 5 11,930,000 4,527,000
11,930,000 4,527,100

CURRENT ASSETS
Debtors 1,310,540 28,578
Cash at bank 535,287 1,172,323
1,845,827 1,200,901
CREDITORS
Amounts falling due within one year 3,420,212 2,568,717
NET CURRENT LIABILITIES (1,574,385 ) (1,367,816 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,355,615

3,159,284

PROVISIONS FOR LIABILITIES 669,798 -
NET ASSETS 9,685,817 3,159,284

CAPITAL AND RESERVES
Called up share capital 6 100,000 100,000
Revaluation reserve 7 5,834,539 815,770
Retained earnings 3,751,278 2,243,514
SHAREHOLDERS' FUNDS 9,685,817 3,159,284

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.
MIWA LIMITED (REGISTERED NUMBER: 00164687)

Abridged Balance Sheet - continued
31 March 2017


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.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Balance Sheet for the year ended 31 March 2017 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 director on 14 November 2017 and were signed by:





S Di Gregorio - Director

MIWA LIMITED (REGISTERED NUMBER: 00164687)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

Miwa 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 (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Miwa Limited as an individual company and do
not contain consolidated financial information as the parent of a group. The company has taken the
option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover
Turnover represents rents received net of Value Added Tax and is recognised to the extent there is a
right to consideration.

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.

MIWA LIMITED (REGISTERED NUMBER: 00164687)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

3. ACCOUNTING POLICIES - continued
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.

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2016 100
Disposals (100 )
At 31 March 2017 -
NET BOOK VALUE
At 31 March 2017 -
At 31 March 2016 100

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2016 4,527,000
Additions 4,500,000
Revaluations 2,903,000
At 31 March 2017 11,930,000
NET BOOK VALUE
At 31 March 2017 11,930,000
At 31 March 2016 4,527,000
MIWA LIMITED (REGISTERED NUMBER: 00164687)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

5. INVESTMENT PROPERTY - continued

Cost or valuation at 31 March 2017 is represented by:

£   
Valuation in 2009 (94,391 )
Valuation in 2010 180,000
Valuation in 2012 (358,336 )
Valuation in 2013 (288,654 )
Valuation in 2014 57,028
Valuation in 2015 123,485
Valuation in 2016 6,885,205
Cost 5,425,663
11,930,000

If Investment properties had not been revalued they would have been included at the following
historical cost:

31.3.17 31.3.16
£    £   
Cost 5,425,663 3,711,230

Investment properties were valued on an open market basis on 14 June 2017 by Aston Rose Chartered Surveyors
.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.17 31.3.16
value: £    £   
100,000 Ordinary £1 100,000 100,000

7. RESERVES
Revaluation
reserve
£   
At 1 April 2016 815,770
Revaluation transfer 2,903,000
Deferred tax (669,798 )
Exceptional item 2,785,567

At 31 March 2017 5,834,539
MIWA LIMITED (REGISTERED NUMBER: 00164687)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

8. RELATED PARTY DISCLOSURES

The company has given informal related party finance of £1,300,245. Interest is paid where it is
agreed between the two parties.

The company has received informal related party finance of £3,183,616. Interest is paid where is
agreed between the two parties.
Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Miwa Limited

The following reproduces the text of the report prepared for the director and members in respect of
the company's annual unaudited financial statements. In accordance with the Companies Act 2006,
the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged
Statement of Comprehensive Income and certain other primary statements and the Report of the
Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your
approval the financial statements of Miwa Limited for the year ended 31 March 2017 which comprise the
Abridged Statement of Comprehensive Income, Abridged Balance Sheet, and the related notes from the
company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Miwa Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Miwa Limited and state those matters that we have agreed to state to the director of Miwa Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Miwa Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Miwa Limited. You consider that Miwa Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Miwa Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Masons
337 Bath Road
Slough
Berkshire
SL1 5PR


14 November 2017

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