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REGISTERED NUMBER: 09709678 (England and Wales)















Financial Statements for the Year Ended 31 March 2018

for

Midas (Lingfield) Limited

Midas (Lingfield) Limited (Registered number: 09709678)

Contents of the Financial Statements
for the year ended 31 March 2018










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Midas (Lingfield) Limited

Company Information
for the year ended 31 March 2018







DIRECTORS: Mr Sureen Ganatra
Mrs Shipra Ganatra





SECRETARY:





REGISTERED OFFICE: 1A Bushey Way
Beckenham
Kent
BR3 6TA





REGISTERED NUMBER: 09709678 (England and Wales)





ACCOUNTANTS: Ami & Co
195 White Horse Hill
Chislehurst
Kent
BR7 6DH

Midas (Lingfield) Limited (Registered number: 09709678)

Abridged Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 180,309 218,284
Tangible assets 5 11,250 16,875
191,559 235,159

CURRENT ASSETS
Debtors 2,024 -
Cash at bank 2,455 30,096
4,479 30,096
CREDITORS
Amounts falling due within one year 2,590 5,480
NET CURRENT ASSETS 1,889 24,616
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,448

259,775

CREDITORS
Amounts falling due after more than one
year

267,006

272,681
NET LIABILITIES (73,558 ) (12,906 )

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings (73,658 ) (13,006 )
SHAREHOLDERS' FUNDS (73,558 ) (12,906 )

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 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.

Midas (Lingfield) Limited (Registered number: 09709678)

Abridged Balance Sheet - continued
31 March 2018


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 Income Statement and an abridged Balance Sheet for the year ended 31 March 2018 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 on 25 September 2018 and were signed on its behalf
by:





Mr Sureen Ganatra - Director


Midas (Lingfield) Limited (Registered number: 09709678)

Notes to the Financial Statements
for the year ended 31 March 2018


1. STATUTORY INFORMATION

Midas (Lingfield) 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.

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.

The directors have confirmed that the company is a going concern and that the Financial Statements have been
prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of seven years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost
Computer equipment - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2017 - 13 ) .

Midas (Lingfield) Limited (Registered number: 09709678)

Notes to the Financial Statements - continued
for the year ended 31 March 2018


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2017
and 31 March 2018 256,259
AMORTISATION
At 1 April 2017 37,975
Amortisation for year 37,975
At 31 March 2018 75,950
NET BOOK VALUE

At 31 March 2018 180,309
At 31 March 2017 218,284

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2017
and 31 March 2018 22,500
DEPRECIATION
At 1 April 2017 5,625
Charge for year 5,625
At 31 March 2018 11,250
NET BOOK VALUE
At 31 March 2018 11,250
At 31 March 2017 16,875

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary £1 100 100

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Sureen Ganatra.