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REGISTERED NUMBER: 00539191 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

MIDLAND ASSURED ESTATES LIMITED

MIDLAND ASSURED ESTATES LIMITED (REGISTERED NUMBER: 00539191)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MIDLAND ASSURED ESTATES LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: P J Davis
Dr L A Davis
Mrs S L Shannon



SECRETARY: Dr L A Davis



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



REGISTERED NUMBER: 00539191 (England and Wales)



BANKERS: Barclays Bank PLC
15 Colmore Row
Birmingham

MIDLAND ASSURED ESTATES LIMITED (REGISTERED NUMBER: 00539191)

ABRIDGED BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 204,578 189,839
Investments 5 99,000 99,000
Investment property 6 185,000 185,000
488,578 473,839

CURRENT ASSETS
Debtors 718,745 680,176
Cash at bank and in hand 39,774 66,914
758,519 747,090
CREDITORS
Amounts falling due within one year 34,515 56,185
NET CURRENT ASSETS 724,004 690,905
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,212,582

1,164,744

CREDITORS
Amounts falling due after more than one
year

7

831,867

789,740
NET ASSETS 380,715 375,004

CAPITAL AND RESERVES
Called up share capital 198,715 198,715
Share premium 53,422 53,422
Capital redemption reserve 10,000 10,000
Capital reserve 6,496 6,496
Retained earnings 112,082 106,371
SHAREHOLDERS' FUNDS 380,715 375,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 ESTATES LIMITED (REGISTERED NUMBER: 00539191)

ABRIDGED BALANCE SHEET - continued
31 March 2023


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 2023 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 16 October 2023 and were signed on its behalf by:





P J Davis - Director


MIDLAND ASSURED ESTATES LIMITED (REGISTERED NUMBER: 00539191)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Midland Assured Estates 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - Straight line over 10 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 2 (2022 - 2 ) .

MIDLAND ASSURED ESTATES LIMITED (REGISTERED NUMBER: 00539191)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 219,441
Additions 16,186
At 31 March 2023 235,627
DEPRECIATION
At 1 April 2022 29,602
Charge for year 1,447
At 31 March 2023 31,049
NET BOOK VALUE
At 31 March 2023 204,578
At 31 March 2022 189,839

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2022
and 31 March 2023 99,000
NET BOOK VALUE
At 31 March 2023 99,000
At 31 March 2022 99,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 185,000
NET BOOK VALUE
At 31 March 2023 185,000
At 31 March 2022 185,000

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans - more than 5 years 136,151 131,607