IRIS Accounts Production v23.3.1.45 11054705 Board of Directors 1.4.22 31.3.23 31.3.23 0 0 false true false false true false Preference shares 1.00000 A Ordinary 1.00000 B Ordinary 1.00000 C Ordinary 1.00000 D Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110547052022-03-31110547052023-03-31110547052022-04-012023-03-31110547052021-03-31110547052021-04-012022-03-31110547052022-03-3111054705ns10:Originalns15:EnglandWales2022-04-012023-03-3111054705ns14:PoundSterlingns10:Original2022-04-012023-03-3111054705ns10:Originalns10:Director12022-04-012023-03-3111054705ns10:Original2022-04-012023-03-3111054705ns10:Original2023-03-3111054705ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3111054705ns10:Originalns10:SmallEntities2022-04-012023-03-3111054705ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3111054705ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3111054705ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3111054705ns10:Originalns10:FullAccounts2022-04-012023-03-3111054705ns10:Original2021-04-012022-03-3111054705ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3111054705ns10:Originalns10:OrdinaryShareClass22022-04-012023-03-3111054705ns10:OrdinaryShareClass3ns10:Original2022-04-012023-03-3111054705ns10:Originalns10:OrdinaryShareClass42022-04-012023-03-3111054705ns10:Originalns10:OrdinaryShareClass52022-04-012023-03-3111054705ns10:Originalns10:Director22022-04-012023-03-3111054705ns10:CompanySecretary1ns10:Original2022-04-012023-03-3111054705ns10:Originalns10:RegisteredOffice2022-04-012023-03-3111054705ns10:Original2022-03-3111054705ns10:Originalns5:CurrentFinancialInstruments2023-03-3111054705ns10:Originalns5:CurrentFinancialInstruments2022-03-3111054705ns10:Originalns5:Non-currentFinancialInstruments2023-03-3111054705ns10:Originalns5:Non-currentFinancialInstruments2022-03-3111054705ns5:ShareCapitalns10:Original2023-03-3111054705ns5:ShareCapitalns10:Original2022-03-3111054705ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3111054705ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3111054705ns10:Originalns5:CostValuation2022-03-3111054705ns10:Originalns10:OrdinaryShareClass12023-03-3111054705ns10:Originalns10:OrdinaryShareClass22023-03-3111054705ns10:OrdinaryShareClass3ns10:Original2023-03-3111054705ns10:Originalns10:OrdinaryShareClass42023-03-3111054705ns10:Originalns10:OrdinaryShareClass52023-03-3111054705ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3111054705ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 11054705 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

MIDPOINT PROPERTIES HOLDINGS LIMITED

MIDPOINT PROPERTIES HOLDINGS LIMITED (REGISTERED NUMBER: 11054705)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MIDPOINT PROPERTIES HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: D N Kambouris
Ms T P D Kambouri





SECRETARY: Ms N D Kambouri





REGISTERED OFFICE: 50 Seymour Street
London
W1H 7JG





REGISTERED NUMBER: 11054705 (England and Wales)





ACCOUNTANTS: Orcom Civvals Limited
Accountants
50 Seymour Street
London
W1H 7JG

MIDPOINT PROPERTIES HOLDINGS LIMITED (REGISTERED NUMBER: 11054705)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 8,513,025 8,513,025

CURRENT ASSETS
Debtors 5 321,504 221,504
Cash at bank 982 3,505
322,486 225,009
CREDITORS
Amounts falling due within one year 6 800,996 701,771
NET CURRENT LIABILITIES (478,510 ) (476,762 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,034,515

8,036,263

CREDITORS
Amounts falling due after more than
one year

7

2,910,366

3,010,366
NET ASSETS 5,124,149 5,025,897

CAPITAL AND RESERVES
Called up share capital 8 4,608,659 4,608,659
Retained earnings 9 515,490 417,238
SHAREHOLDERS' FUNDS 5,124,149 5,025,897

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.

MIDPOINT PROPERTIES HOLDINGS LIMITED (REGISTERED NUMBER: 11054705)

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.

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 23 February 2024 and were signed on its behalf by:





D N Kambouris - Director


MIDPOINT PROPERTIES HOLDINGS LIMITED (REGISTERED NUMBER: 11054705)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Midpoint Properties Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investments in subsidiary undertakings are stated at cost less provisions for impairment. Carrying values are reviewed for impairment either annually, or more frequently if events or changes in circumstances indicate a possible decline in carrying values.

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.

Preference share capital
Preference share capital are classified as equity as they are non redeemable and any dividends are non discretionary. Dividends thereon are recognised in the profit or loss as an interest expense.

3. EMPLOYEES AND DIRECTORS

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

MIDPOINT PROPERTIES HOLDINGS LIMITED (REGISTERED NUMBER: 11054705)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 8,513,025
NET BOOK VALUE
At 31 March 2023 8,513,025
At 31 March 2022 8,513,025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 321,504 221,504

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Loan notes 500,000 500,000
Directors' current accounts 300,000 200,000
Accrued expenses 996 1,771
800,996 701,771

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Loan notes 2,910,366 3,010,366

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4,607,634 Preference shares £1 4,607,634 4,607,634
325 A Ordinary £1 325 325
325 B Ordinary £1 325 325
325 C Ordinary £1 325 325
50 D Ordinary £1 50 50
4,608,659 4,608,659

MIDPOINT PROPERTIES HOLDINGS LIMITED (REGISTERED NUMBER: 11054705)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


9. RESERVES
Retained
earnings
£   

At 1 April 2022 417,238
Profit for the year 98,252
At 31 March 2023 515,490