Mira Developments Limited

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mira developments limited Company Information

Company Number

05887855

Next Accounts

Apr 2025

Directors

Laura Hines

Michael Richardson

Shareholders

laura caroline hines

michael john richardson

Group Structure

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Industry

Development of building projects

Registered Address

1 waterside, station road, harpenden, hertfordshire, AL5 4US

Website

www.miragroup.net.au

mira developments limited Estimated Valuation

£3.2m

Pomanda estimates the enterprise value of MIRA DEVELOPMENTS LIMITED at £3.2m based on Net Assets of £1.7m and 1.87x industry multiple (adjusted for liquidity).

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Mira Developments Limited is a live company located in harpenden, AL5 4US with a Companies House number of 05887855. It operates in the development of building projects sector, SIC Code 41100. Founded in July 2006, it's largest shareholder is laura caroline hines with a 50% stake. Mira Developments Limited is a established, small sized company, Pomanda has estimated its turnover at £1.7m with low growth in recent years.

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Pomanda's financial health check has awarded Mira Developments Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

2 Regular

5 Weak

Size

annual sales of £1.7m, make it smaller than the average company (£3m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (4.1%)

EXPORT

Mira Developments Limited's latest turnover from July 2023 is estimated at £1.7 million and the company has net assets of £1.7 million. According to their latest financial statements, Mira Developments Limited has 3 employees and maintains cash reserves of £232.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	1,715,523	1,676,787	894,681	1,561,391	814,955	583,749	490,134	658,851	385,390	326,535	271,641	202,408	238,074	264,320	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,164,692	1,150,283	624,948	1,064,119	549,643	390,451	321,655	436,986	259,238	222,196	183,444	136,892	160,247	174,525	0
Gross Profit	550,831	526,504	269,733	497,272	265,312	193,298	168,478	221,865	126,152	104,339	88,198	65,516	77,827	89,795	0
Admin Expenses	613,918	387,895	144,571	347,130	60,034	39,195	-12,683	-127,440	7,382	16,369	-51,843	-17,943	-119,811	-1,695	-203,080
Operating Profit	-63,087	138,609	125,162	150,142	205,278	154,103	181,161	349,305	118,770	87,970	140,041	83,459	197,638	91,490	203,080
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	13,553	2,591	69	18	33	199	185	411	304	209	186	509	520	88	25
Pre-Tax Profit	-49,534	141,200	125,231	150,160	205,311	154,302	181,346	349,716	119,074	88,180	140,227	83,968	198,158	91,578	203,106
Tax	0	-26,828	-23,794	-28,530	-39,009	-29,317	-34,456	-69,943	-23,815	-18,518	-32,252	-20,152	-51,521	-25,642	-56,870
Profit After Tax	-49,534	114,372	101,437	121,630	166,302	124,985	146,890	279,773	95,259	69,662	107,975	63,816	146,637	65,936	146,236
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-49,534	114,372	101,437	121,630	166,302	124,985	146,890	279,773	95,259	69,662	107,975	63,816	146,637	65,936	146,236
Employee Costs	143,739	135,335	130,864	127,336	84,692	81,691	79,550	159,181	116,196	74,994	73,165	73,027	70,606	69,032	0
Number Of Employees	3	3	3	3	2	2	2	4	3	2	2	2	2	2	0
EBITDA*	-57,723	146,207	131,243	157,928	205,655	154,441	181,499	349,644	119,010	88,249	140,388	83,541	197,837	91,490	203,237

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	15,951	19,394	16,099	22,221	664	45	383	588	45	285	654	79	43	242	260,314
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	15,951	19,394	16,099	22,221	664	45	383	588	45	285	654	79	43	242	260,314
Stock & work in progress	1,455,089	1,452,308	1,528,842	1,528,842	1,522,855	1,516,101	1,290,249	959,386	611,069	578,398	515,000	515,000	223,100	457,700	0
Trade Debtors	0	0	22,500	0	13,300	8,400	13,300	12,350	21,897	15,380	4,225	4,072	14,654	16,512	29,640
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	2,391	2,030	3,374	3,419	3,307	3,452	3,017	2,013	0	0	0	0	0	0	0
Cash	232,548	309,587	104,951	33,002	3,920	4,951	74,724	72,913	91,531	30,004	53,782	20,578	183,021	25,055	10,052
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,690,028	1,763,925	1,659,667	1,565,263	1,543,382	1,532,904	1,381,290	1,046,662	724,497	623,782	573,007	539,650	420,775	499,267	39,692
total assets	1,705,979	1,783,319	1,675,766	1,587,484	1,544,046	1,532,949	1,381,673	1,047,250	724,542	624,067	573,661	539,729	420,818	499,509	300,006
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	0	0	0	1	1	0	28,912	23,648	37,703	19,857	42,219	29,293	17,455
Group/Directors Accounts	0	0	0	0	0	255,240	220,888	873	0	0	5,127	97,131	19,681	257,860	136,149
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	1,472	28,624	36,069	48,631	130,362	30,431	38,427	70,865	0	0	0	0	0	0	0
total current liabilities	1,472	28,624	36,069	48,631	130,362	285,672	259,316	71,738	28,912	23,648	42,830	116,988	61,900	287,153	153,604
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	3,031	3,685	3,059	3,652	113	8	73	118	9	57	131	16	9	84	66
total long term liabilities	3,031	3,685	3,059	3,652	113	8	73	118	9	57	131	16	9	84	66
total liabilities	4,503	32,309	39,128	52,283	130,475	285,680	259,389	71,856	28,921	23,705	42,961	117,004	61,909	287,237	153,670
net assets	1,701,476	1,751,010	1,636,638	1,535,201	1,413,571	1,247,269	1,122,284	975,394	695,621	600,362	530,700	422,725	358,909	212,272	146,336
total shareholders funds	1,701,476	1,751,010	1,636,638	1,535,201	1,413,571	1,247,269	1,122,284	975,394	695,621	600,362	530,700	422,725	358,909	212,272	146,336

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-63,087	138,609	125,162	150,142	205,278	154,103	181,161	349,305	118,770	87,970	140,041	83,459	197,638	91,490	203,080
Depreciation	5,364	7,598	6,081	7,786	377	338	338	339	240	279	347	82	199	0	157
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-26,828	-23,794	-28,530	-39,009	-29,317	-34,456	-69,943	-23,815	-18,518	-32,252	-20,152	-51,521	-25,642	-56,870
Stock	2,781	-76,534	0	5,987	6,754	225,852	330,863	348,317	32,671	63,398	0	291,900	-234,600	457,700	0
Debtors	361	-23,844	22,455	-13,188	4,755	-4,465	1,954	-7,534	6,517	11,155	153	-10,582	-1,858	-13,128	29,640
Creditors	0	0	0	0	-1	0	1	-28,912	5,264	-14,055	17,846	-22,362	12,926	11,838	17,455
Accruals and Deferred Income	-27,152	-7,445	-12,562	-81,731	99,931	-7,996	-32,438	70,865	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-654	626	-593	3,539	105	-65	-45	109	-48	-74	115	7	-75	18	66
Cash flow from operations	-88,671	212,938	71,839	58,407	255,172	-104,324	-218,256	-19,020	61,223	-18,951	125,944	-240,284	395,625	-366,868	134,248
Investing Activities
capital expenditure	-1,921	-10,893	41	-29,343	-996	0	-133	-882	0	90	-922	-118	0	260,072	-260,471
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,921	-10,893	41	-29,343	-996	0	-133	-882	0	90	-922	-118	0	260,072	-260,471
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-255,240	34,352	220,015	873	0	-5,127	-92,004	77,450	-238,179	121,711	136,149
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	13,553	2,591	69	18	33	199	185	411	304	209	186	509	520	88	25
cash flow from financing	13,553	2,591	69	18	-255,207	34,551	220,200	1,284	304	-4,918	-91,818	77,959	-237,659	121,799	136,274
cash and cash equivalents
cash	-77,039	204,636	71,949	29,082	-1,031	-69,773	1,811	-18,618	61,527	-23,778	33,204	-162,443	157,966	15,003	10,052
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-77,039	204,636	71,949	29,082	-1,031	-69,773	1,811	-18,618	61,527	-23,778	33,204	-162,443	157,966	15,003	10,052

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MIRA DEVELOPMENTS LIMITED group structure

Mira Developments Limited has no subsidiary companies.

Ultimate parent company

MIRA DEVELOPMENTS LIMITED

05887855

MIRA DEVELOPMENTS LIMITED Shareholders

laura caroline hines	50%
michael john richardson	50%

Mira Developments Limited currently has 2 directors. The longest serving directors include Ms Laura Hines (Jul 2006) and Mr Michael Richardson (Jul 2006).

officer	country	age	start	end	role
Ms Laura Hines		64 years	Jul 2006	-	Director
Mr Michael Richardson		65 years	Jul 2006	-	Director

P&L

July 2023

turnover

1.7m

+2%

operating profit

-63.1k

gross margin

32.2%

+2.26%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

July 2023

net assets

1.7m

-0.03%

total assets

1.7m

-0.04%

cash

232.5k

-0.25%

net assets

Total assets minus all liabilities

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company number

05887855

Type

Private limited with Share Capital

industry

41100 - Development of building projects

82990 - Other business support service activities n.e.c.

incorporation date

July 2006

ultimate parent company

None

previous names

N/A

address

1 waterside, station road, harpenden, hertfordshire, AL5 4US

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

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mira developments limited Company Information

mira developments limited Estimated Valuation

mira developments limited Estimated Valuation

mira developments limited Estimated Valuation

Mira Developments Limited Overview

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