IRIS Accounts Production v23.4.0.336 07721993 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077219932022-07-31077219932023-07-31077219932022-08-012023-07-31077219932021-07-31077219932021-08-012022-07-31077219932022-07-3107721993ns15:EnglandWales2022-08-012023-07-3107721993ns14:PoundSterling2022-08-012023-07-3107721993ns10:Director12022-08-012023-07-3107721993ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3107721993ns10:SmallEntities2022-08-012023-07-3107721993ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3107721993ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3107721993ns10:FullAccounts2022-08-012023-07-3107721993ns10:OrdinaryShareClass12022-08-012023-07-3107721993ns10:Director22022-08-012023-07-3107721993ns10:CompanySecretary12022-08-012023-07-3107721993ns10:RegisteredOffice2022-08-012023-07-3107721993ns5:CurrentFinancialInstruments2023-07-3107721993ns5:CurrentFinancialInstruments2022-07-3107721993ns5:Non-currentFinancialInstruments2023-07-3107721993ns5:Non-currentFinancialInstruments2022-07-3107721993ns5:ShareCapital2023-07-3107721993ns5:ShareCapital2022-07-3107721993ns5:RetainedEarningsAccumulatedLosses2023-07-3107721993ns5:RetainedEarningsAccumulatedLosses2022-07-3107721993ns5:FurnitureFittings2022-08-012023-07-3107721993ns5:ComputerEquipment2022-08-012023-07-3107721993ns5:FurnitureFittings2022-07-3107721993ns5:ComputerEquipment2022-07-3107721993ns5:FurnitureFittings2023-07-3107721993ns5:ComputerEquipment2023-07-3107721993ns5:FurnitureFittings2022-07-3107721993ns5:ComputerEquipment2022-07-3107721993ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3107721993ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3107721993ns5:Non-currentFinancialInstruments2022-08-012023-07-3107721993ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-07-3107721993ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-07-3107721993ns10:OrdinaryShareClass12023-07-3107721993ns5:RetainedEarningsAccumulatedLosses2022-07-3107721993ns5:RetainedEarningsAccumulatedLosses2022-08-012023-07-31
REGISTERED NUMBER: 07721993 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

MIDOS MANAGEMENT CO LTD

MIDOS MANAGEMENT CO LTD (REGISTERED NUMBER: 07721993)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MIDOS MANAGEMENT CO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: J Endzweig
Mrs E Endzweig





SECRETARY: D Breuer





REGISTERED OFFICE: 123 Clapton Common
London
E5 9AB





REGISTERED NUMBER: 07721993 (England and Wales)





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

MIDOS MANAGEMENT CO LTD (REGISTERED NUMBER: 07721993)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 8,891 11,841

CURRENT ASSETS
Debtors 6 17,847 22,958
Cash at bank 1,698,943 2,517,852
1,716,790 2,540,810
CREDITORS
Amounts falling due within one year 7 (1,826,873 ) (2,620,279 )
NET CURRENT LIABILITIES (110,083 ) (79,469 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(101,192

)

(67,628

)

CREDITORS
Amounts falling due after more than one
year

8

(14,550

)

(20,246

)
NET LIABILITIES (115,742 ) (87,874 )

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 (115,744 ) (87,876 )
SHAREHOLDERS' FUNDS (115,742 ) (87,874 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

MIDOS MANAGEMENT CO LTD (REGISTERED NUMBER: 07721993)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 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 and authorised for issue by the Board of Directors and authorised for issue on 18 April 2024 and were signed on its behalf by:





J Endzweig - Director


MIDOS MANAGEMENT CO LTD (REGISTERED NUMBER: 07721993)

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

1. STATUTORY INFORMATION

Midos Management Co 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

MIDOS MANAGEMENT CO LTD (REGISTERED NUMBER: 07721993)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 13,527 22,447 35,974
DEPRECIATION
At 1 August 2022 8,206 15,927 24,133
Charge for year 798 2,152 2,950
At 31 July 2023 9,004 18,079 27,083
NET BOOK VALUE
At 31 July 2023 4,523 4,368 8,891
At 31 July 2022 5,321 6,520 11,841

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 2,262 7,200
Other debtors 15,585 15,758
17,847 22,958

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 1,606,865 2,390,379
Taxation and social security 5,723 6,172
Other creditors 214,285 223,728
1,826,873 2,620,279

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Other creditors 14,550 20,246

Bank loan represents Bounceback loan of £14,550 [2022 - £20,246] which is guaranteed by the UK government.

9. LOANS

An analysis of the maturity of loans is given below:

31.7.23 31.7.22
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 14,550 20,246

MIDOS MANAGEMENT CO LTD (REGISTERED NUMBER: 07721993)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
2 Ordinary £1 2 2

11. RESERVES
Retained
earnings
£   

At 1 August 2022 (87,876 )
Deficit for the year (27,868 )
At 31 July 2023 (115,744 )