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Company Registration No. 09298911 (England and Wales)
MIDASSE RESOURCE LTD Final accounts for the year ended 30 November 2021
MIDASSE RESOURCE LTD Final accounts Contents
Page
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MIDASSE RESOURCE LTD Company Information for the year ended 30 November 2021
Directors
OLUBUNMI SMITH SHAMSIDEEN SMITH
Company Number
09298911 (England and Wales)
Registered Office
15 Drapers Way London SE16 3AU United Kingdom
Accountants
DKA Accounting Ltd. East Wing, Castle House Dawson Road Milton Keynes Buckinghamshire MK1 1QY
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MIDASSE RESOURCE LTD Statement of financial position as at 30 November 2021
2021 
2020 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
- 
9 
Creditors: amounts falling due within one year
21,206 
32,282 
Net current assets
21,206 
32,291 
Total assets less current liabilities
21,206 
32,291 
Creditors: amounts falling due after more than one year
(45,002)
(50,000)
Net liabilities
(23,796)
(17,709)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(23,896)
(17,809)
Shareholders' funds
(23,796)
(17,709)
For the year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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
OLUBUNMI SMITH Director Company Registration No. 09298911
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MIDASSE RESOURCE LTD Notes to the Accounts for the year ended 30 November 2021
1
Statutory information
MIDASSE RESOURCE LTD is a private company, limited by shares, registered in England and Wales, registration number 09298911. The registered office is 15 Drapers Way, London, SE16 3AU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
50% p.a.
Computer equipment
25% p.a.
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2020
3,500 
1,275 
4,775 
At 30 November 2021
3,500 
1,275 
4,775 
Depreciation
At 1 December 2020
3,500 
1,275 
4,775 
At 30 November 2021
3,500 
1,275 
4,775 
Net book value
At 30 November 2021
- 
- 
- 
5
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Loans from directors
(21,206)
(32,282)
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MIDASSE RESOURCE LTD Notes to the Accounts for the year ended 30 November 2021
6
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
45,002 
50,000 
7
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).
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