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REGISTERED NUMBER: 03206155 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

MIDLAND TRANSMISSION HOLDINGS LIMITED

MIDLAND TRANSMISSION HOLDINGS LIMITED (REGISTERED NUMBER: 03206155)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


MIDLAND TRANSMISSION HOLDINGS LIMITED (REGISTERED NUMBER: 03206155)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 800,000 800,000
800,000 800,000

CURRENT ASSETS
Debtors 6 473,434 470,565
Cash at bank 15,452 30,606
488,886 501,171
CREDITORS
Amounts falling due within one year 7 93,613 87,176
NET CURRENT ASSETS 395,273 413,995
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,195,273

1,213,995

CREDITORS
Amounts falling due after more than one
year

8

(424,833

)

(435,457

)

PROVISIONS FOR LIABILITIES (37,000 ) (40,000 )
NET ASSETS 733,440 738,538

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 683,440 688,538
733,440 738,538

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

MIDLAND TRANSMISSION HOLDINGS LIMITED (REGISTERED NUMBER: 03206155)

BALANCE SHEET - continued
30 NOVEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 April 2024 and were signed by:





G T Jasper - Director


MIDLAND TRANSMISSION HOLDINGS LIMITED (REGISTERED NUMBER: 03206155)

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


1. STATUTORY INFORMATION

Midland Transmission Holdings Limited is a private company, limited by shares, registered in England and Wales, registered number 03206155. Its registered office is Midland House, Hayes Lane, Lye, West Midlands, DY9 8RD.

The financial statements are presented in Sterling, which is the functional currency of the company.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Basic financial instruments
Basic financial liabilities, including trade and other debtors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

MIDLAND TRANSMISSION HOLDINGS LIMITED (REGISTERED NUMBER: 03206155)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 42,356
DEPRECIATION
At 1 December 2022
and 30 November 2023 42,356
NET BOOK VALUE
At 30 November 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 800,000
NET BOOK VALUE
At 30 November 2023 800,000
At 30 November 2022 800,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2000 75,000
Valuation in 2004 50,000
Valuation in 2006 175,000
Valuation in 2011 (126,654 )
Valuation in 2017 (55,000 )
Valuation in 2022 305,000
Cost 376,654
800,000

If investment property had not been revalued it would have been included at the following historical cost:

30.11.23 30.11.22
£    £   
Cost 376,654 376,654

Investment property was valued on an open market basis on 30 November 2023 by the director .

MIDLAND TRANSMISSION HOLDINGS LIMITED (REGISTERED NUMBER: 03206155)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Amounts owed by group undertakings 466,365 466,365
Other debtors 7,069 4,200
473,434 470,565

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 40,427 40,427
Trade creditors 6,871 355
Taxation and social security 7,574 7,513
Other creditors 38,741 38,881
93,613 87,176

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 424,833 435,457

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 271,913 278,856

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loan 453,982 460,925

The above amount is secured against all the property or undertaking of the business.