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REGISTERED NUMBER: 00750042 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

MIDLAND ASSURED FINANCE LIMITED

MIDLAND ASSURED FINANCE LIMITED (REGISTERED NUMBER: 00750042)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MIDLAND ASSURED FINANCE LIMITED

COMPANY INFORMATION
for the year ended 31 March 2022







DIRECTORS: P J Davis
Dr L A Davis



REGISTERED OFFICE: 5 Olympus Court
Olympus Avenue
Tachbrook Park
Warwick
Warwickshire
CV34 6RZ



REGISTERED NUMBER: 00750042 (England and Wales)



BANKERS: Barclays Bank PLC
15 Colmore Row
Birmingham

MIDLAND ASSURED FINANCE LIMITED (REGISTERED NUMBER: 00750042)

ABRIDGED BALANCE SHEET
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investments 4 643,948 643,948

CURRENT ASSETS
Debtors 5 12,924,099 12,448,397
Cash at bank 240,116 391,724
13,164,215 12,840,121
CREDITORS
Amounts falling due within one year 2,197,608 2,416,074
NET CURRENT ASSETS 10,966,607 10,424,047
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,610,555

11,067,995

CAPITAL AND RESERVES
Called up share capital 6,024,876 6,024,876
Share premium 603,119 603,119
Retained earnings 4,982,560 4,440,000
SHAREHOLDERS' FUNDS 11,610,555 11,067,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

MIDLAND ASSURED FINANCE LIMITED (REGISTERED NUMBER: 00750042)

ABRIDGED BALANCE SHEET - continued
31 March 2022


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 Balance Sheet for the year ended 31 March 2022 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 22 August 2022 and were signed on its behalf by:





P J Davis - Director


MIDLAND ASSURED FINANCE LIMITED (REGISTERED NUMBER: 00750042)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2022

1. STATUTORY INFORMATION

Midland Assured Finance 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 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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Preparation of consolidated financial statements
The financial statements contain information about Midland Assured Finance Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
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.

Turnover
Turnover comprises the value of interest receivable for loans supplied.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, financial instruments are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2021
and 31 March 2022 643,948
NET BOOK VALUE
At 31 March 2022 643,948
At 31 March 2021 643,948

MIDLAND ASSURED FINANCE LIMITED (REGISTERED NUMBER: 00750042)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2022

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Trade debtors 6,044,813 5,455,972

Balances included within trade debtors due less than one year and over one year are to connected entities under the same directorships but not under the same ownership.

6. RELATED PARTY DISCLOSURES

During the year, total dividends of £40,500 (2021 - £40,500) were voted to Dr L A Davis.

During the year, total dividends of £8,000 (2021 - £3,300) were voted to P J Davis.