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REGISTERED NUMBER: 08455498 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

MIDRAN LIMITED

MIDRAN LIMITED (REGISTERED NUMBER: 08455498)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MIDRAN LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2021







DIRECTORS: G Birgisson
O Bausa
M E Forsberg





REGISTERED OFFICE: 10 John Street
London
WC1N 2EB





REGISTERED NUMBER: 08455498 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

MIDRAN LIMITED (REGISTERED NUMBER: 08455498)

BALANCE SHEET
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 24,000 30,000

CURRENT ASSETS
Debtors 5 28,496 28,559
Cash at bank 70,739 57,942
99,235 86,501
CREDITORS
Amounts falling due within one year 6 36,527 33,811
NET CURRENT ASSETS 62,708 52,690
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,708

82,690

CAPITAL AND RESERVES
Called up share capital 7 32 32
Share premium 27,022 27,022
Retained earnings 59,654 55,636
SHAREHOLDERS' FUNDS 86,708 82,690

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 13 September 2022 and were signed on its behalf by:




G Birgisson - Director


MIDRAN LIMITED (REGISTERED NUMBER: 08455498)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Midran 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.

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

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.

Intangible assets are amortised over 5 years useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MIDRAN LIMITED (REGISTERED NUMBER: 08455498)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic Financial Instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS102.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2021
and 31 December 2021 30,000
AMORTISATION
Charge for year 6,000
At 31 December 2021 6,000
NET BOOK VALUE
At 31 December 2021 24,000
At 31 December 2020 30,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 27,519 26,012
Other debtors 977 2,547
28,496 28,559

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors 952 57
Amounts owed to group undertakings 30,133 11,461
Taxation and social security 942 2,926
Other creditors & accruals 4,500 19,367
36,527 33,811

MIDRAN LIMITED (REGISTERED NUMBER: 08455498)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2021

7. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
3,000 Ordinary £0.01 30 30
158 Restricted £0.01 2 2
32 32

8. RELATED PARTY DISCLOSURES

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.

Included in creditors and accruals is a balance of £nil (2020: £10,579) which is owed to the directors at the balance sheet date.

Included in amounts owed to group undertakings is a balance of £24,674 (2020: £8,460) which is owed to Midran EHF, a company which jointly controls Midran Limited.

Included in amounts owed to group undertakings is a balance of £5,252 (2020: £3,001) which is owed to Ecru Consulting AB, a company which jointly controls Midran Limited.

Included in amounts owed to group undertakings is a balance of £207 (2020: £nil) which is owed to Invinet Systems, a company which jointly controls Midran Limited.

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party