Registration number:
Middleton Enterprises (Holdings) Limited
Filleted
for the Year Ended 31 March 2023
Middleton Enterprises (Holdings) Limited
Contents
Company Information |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Middleton Enterprises (Holdings) Limited
Company Information
Directors |
J P Middleton C Middleton J E H Middleton L E Middleton J C Middleton D W Alprovich P R Woolston N Moore |
Company secretary |
R L Johnston |
Registered office |
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Accountants |
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Middleton Enterprises (Holdings) Limited
(Registration number: 08811822)
Statement of Financial Position as at 31 March 2023
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2022 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Total equity |
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For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.
Approved and authorised for issue by the
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Middleton Enterprises (Holdings) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention.
These financial statements are prepared in sterling which is the functional currency of the entity.
Group accounts not prepared
Going concern
The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through shareholder borrowings. The company’s forecasts and projections for the next twelve months show that the company should be able to continue in operational existence for that period, taking into account reasonable possible changes in trading performance.
Based on the factors set out above the directors believe that it remains appropriate to prepare the financial statements on a going concern basis.
Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Middleton Enterprises (Holdings) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)
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Accounting policies (continued) |
Debtors
Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Creditors
Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investments |
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2022 |
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Investments in subsidiaries |
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Subsidiaries |
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Cost or valuation |
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At 1 April 2022 |
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At 31 March 2023 |
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Carrying amount |
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At 31 March 2023 |
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At 31 March 2022 |
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Middleton Enterprises (Holdings) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)
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Investments (continued) |
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2022 |
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Subsidiary undertakings |
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Quayside Lofts, 62 The Close, Newcastle upon Tyne, NE1 3RJ |
Ordinary |
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England and Wales |
Subsidiary undertakings |
Middleton Enterprises Ltd The principal activity of Middleton Enterprises Ltd is |
Debtors |
Note |
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2022 |
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Amounts owed by group undertakings |
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Other debtors |
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Other debtors of £30,000 (2022 - £30,000) comprise amounts due from J E H Middleton, L E Middleton and J C Middleton in respect of their subscriptions for shares in the company.
Creditors |
Creditors: amounts falling due after more than one year
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Due after one year |
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Other non-current financial liabilities |
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Related party transactions |
In previous years, the company has received funding from three director-shareholders. During the year this funding was repaid to the three director-shareholders. The balance outstanding at the year-end is £Nil (2022 - £29,340,000) included within other creditors. The balance is interest free and repayable on demand.