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REGISTERED NUMBER: 05142577 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

MIDOS PENTONVILLE LTD

MIDOS PENTONVILLE LTD (REGISTERED NUMBER: 05142577)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MIDOS PENTONVILLE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: D Schreiber





SECRETARY: Mrs. R Niederman





REGISTERED OFFICE: 147 Stamford Hill
London
N16 5LG





REGISTERED NUMBER: 05142577 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

MIDOS PENTONVILLE LTD (REGISTERED NUMBER: 05142577)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £   
CURRENT ASSETS
Debtors 4 10,948,915 10,948,928
Cash at bank 138 138
10,949,053 10,949,066
CREDITORS
Amounts falling due within one year 5 (2,137,608 ) (2,137,248 )
NET CURRENT ASSETS 8,811,445 8,811,818
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,811,445

8,811,818

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 8,811,345 8,811,718
SHAREHOLDERS' FUNDS 8,811,445 8,811,818

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 March 2024 and were signed by:





D Schreiber - Director


MIDOS PENTONVILLE LTD (REGISTERED NUMBER: 05142577)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Midos Pentonville Ltd 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Amounts owed by group undertakings 8,128,490 8,128,490
Other debtors 2,820,425 2,820,438
10,948,915 10,948,928

MIDOS PENTONVILLE LTD (REGISTERED NUMBER: 05142577)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 138 138
Trade creditors 196,711 196,711
Amounts owed to group undertakings 1,119,051 1,119,051
Other creditors 821,708 821,348
2,137,608 2,137,248

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Retained
earnings
£   

At 1 July 2022 8,811,718
Deficit for the year (373 )
At 30 June 2023 8,811,345

8. RELATED PARTY DISCLOSURES

Other Debtors (Note 4) relates to amounts due from companies connected to the director and his family members. The loans are interest free and repayable on demand.

9. CONTROLLING PARTY

The parent company is Midos Properties Limited, a company incorporated in England and Wales. There is no ultimate controlling party.