MIDSOMER PROJECTS LTD

Company Registration Number:
05558190 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

MIDSOMER PROJECTS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

MIDSOMER PROJECTS LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 415,000 415,000
Investments: 4 566,562 566,562
Total fixed assets: 981,562 981,562
Current assets
Stocks: 349,097 342,642
Debtors: 5 1,687,322 2,998,650
Cash at bank and in hand: 10,472 41,483
Total current assets: 2,046,891 3,382,775
Creditors: amounts falling due within one year: 6 (2,272,812) (3,638,053)
Net current assets (liabilities): (225,921) (255,278)
Total assets less current liabilities: 755,641 726,284
Total net assets (liabilities): 755,641 726,284
Capital and reserves
Called up share capital: 100,100 100,100
Revaluation reserve:7220,216220,216
Profit and loss account: 435,325 405,968
Shareholders funds: 755,641 726,284

The notes form part of these financial statements

MIDSOMER PROJECTS LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 08 March 2024
and signed on behalf of the board by:

Name: Alan Geoffrey Broadway
Status: Director

The notes form part of these financial statements

MIDSOMER PROJECTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MIDSOMER PROJECTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

MIDSOMER PROJECTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 415,000
At 31 December 2023 415,000
Net book value
At 31 December 2023 415,000
At 31 December 2022 415,000

MIDSOMER PROJECTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Fixed investments

Investments in shares

MIDSOMER PROJECTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
££
Debtors due after more than one year: 1,687,322 2,998,650

MIDSOMER PROJECTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

Trade Creditors : £ 1,078,284, Related party : £ 744,782, Other creditors : £ 27,136, Financial liabilities : 311,070 & Taxes and social security : £ 111,541 (Total £ 2,272,813)

MIDSOMER PROJECTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Revaluation reserve

2023
£
Balance at 01 January 2023 220,216
Surplus or deficit after revaluation 0
Balance at 31 December 2023 220,216

MIDSOMER PROJECTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Related party transactions

Name of the related party: Oval Estates (Bath) Limited
Relationship:
Oval Estates (Bath) Limited is the parent company.
Description of the Transaction: As at 31 December 2023, Midsomer Projects owed Oval Estates (Bath) Limited £ 744,782 (2022 ; 834,858) This is enclosed in creditors due within one year.
£
Balance at 01 January 2023 834,858
Balance at 31 December 2023 744,782