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REGISTERED NUMBER: 10570891 (England and Wales)


















Middlethorpe York Limited

Unaudited Financial Statements for the Year Ended 31st January 2023






Middlethorpe York Limited (Registered number: 10570891)






Contents of the Financial Statements
for the year ended 31st January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Middlethorpe York Limited

Company Information
for the year ended 31st January 2023







DIRECTORS: Mrs H A I Mellors
R T D Mellors





REGISTERED OFFICE: 24 Middlethorpe Drive
York
YO24 1LZ





REGISTERED NUMBER: 10570891 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Middlethorpe York Limited (Registered number: 10570891)

Balance Sheet
31st January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,086 13,340
Investment property 5 525,000 525,000
536,086 538,340

CURRENT ASSETS
Debtors 6 913 230
Cash at bank 778 78
1,691 308
CREDITORS
Amounts falling due within one year 7 151,727 170,434
NET CURRENT LIABILITIES (150,036 ) (170,126 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

386,050

368,214

CREDITORS
Amounts falling due after more than one
year

8

(328,545

)

(333,870

)

PROVISIONS FOR LIABILITIES (2,107 ) (2,535 )
NET ASSETS 55,398 31,809

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 55,388 31,799
55,398 31,809

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

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

Middlethorpe York Limited (Registered number: 10570891)

Balance Sheet - continued
31st January 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st October 2023 and were signed on its behalf by:





Mrs H A I Mellors - Director


Middlethorpe York Limited (Registered number: 10570891)

Notes to the Financial Statements
for the year ended 31st January 2023

1. STATUTORY INFORMATION

Middlethorpe York 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" ("FRS 102") including the provisions of Section 1A "Small Entities" and the Companies Act 2006.The financial statements have been prepared under the historical cost convention modified to include investment property.

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future, due to their and the banks continued support. The directors have no intention to materially withdraw their directors loan account in the foreseeable future.

The principal accounting policies adopted are set out below.

Turnover
The policies adopted for the recognition of turnover are as follows:

Consultancy services
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.

Rent receivable
Rental income received or receivable from investment properties is accounted for on an accruals basis.

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 - 10% on cost

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Middlethorpe York Limited (Registered number: 10570891)

Notes to the Financial Statements - continued
for the year ended 31st January 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2022
and 31st January 2023 22,548
DEPRECIATION
At 1st February 2022 9,208
Charge for year 2,254
At 31st January 2023 11,462
NET BOOK VALUE
At 31st January 2023 11,086
At 31st January 2022 13,340

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st February 2022
and 31st January 2023 525,000
NET BOOK VALUE
At 31st January 2023 525,000
At 31st January 2022 525,000

The directors consider that the fair value as at 31 January 2023 to be £525,000. If the property was stated using the historical cost basis rather than fair value basis, it would be £535,093.

Middlethorpe York Limited (Registered number: 10570891)

Notes to the Financial Statements - continued
for the year ended 31st January 2023

5. INVESTMENT PROPERTY - continued

Fair value at 31st January 2023 is represented by:
£   
Valuation in 2020 (49,551 )
Valuation in 2022 39,458
Cost 535,093
525,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 640 -
Other debtors 273 230
913 230

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 5,962 8,750
Other creditors 145,765 161,684
151,727 170,434

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 328,545 333,870

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 328,545 333,870

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 328,545 333,870

The bank loan is secured against the value of the investment property.

10. RELATED PARTY DISCLOSURES

Included in other creditors falling due within one year is a loan from the directors amounting to £143,004 (2022: £158,982). Interest of £1,000 has been charged by the directors to the company in the year (2022: £1,000).