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Company Registration No. 10732392 (England and Wales)
MIDLAND GENERAL TRADING LTD Unaudited accounts for the year ended 31 October 2023
MIDLAND GENERAL TRADING LTD Unaudited accounts Contents
Page
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MIDLAND GENERAL TRADING LTD Company Information for the year ended 31 October 2023
Directors
Wadeea Mohammed Abdo Saeed Elham Hussein Moqbel Alghouli
Company Number
10732392 (England and Wales)
Registered Office
5 Highgate Business Centre Highgate Road Birmingham B12 8EA ENGLAND
Accountants
Mayfield 1st Floor, 5 Highgate Business Centre Highgate Road Birmingham B12 8EA
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MIDLAND GENERAL TRADING LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
2,641,547 
- 
Current assets
Cash at bank and in hand
23,926 
1,440,481 
Creditors: amounts falling due within one year
(1,305,149)
(3,314)
Net current (liabilities)/assets
(1,281,223)
1,437,167 
Total assets less current liabilities
1,360,324 
1,437,167 
Creditors: amounts falling due after more than one year
(1,656,710)
(1,475,258)
Net liabilities
(296,386)
(38,091)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(296,387)
(38,092)
Shareholders' funds
(296,386)
(38,091)
For the year ending 31 October 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2024 and were signed on its behalf by
Wadeea Mohammed Abdo Saeed Director Company Registration No. 10732392
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MIDLAND GENERAL TRADING LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
MIDLAND GENERAL TRADING LTD is a private company, limited by shares, registered in England and Wales, registration number 10732392. The registered office is 5 Highgate Business Centre, Highgate Road, Birmingham, B12 8EA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents, total rental income received during the year.
Inventories
Inventories represents property stock (developed property for sale).
4
Investment property
2023 
£ 
Additions
2,641,547 
At 31 October 2023
2,641,547 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,662 
1,086 
Taxes and social security
3,487 
2,228 
Other creditors
1,300,000 
- 
1,305,149 
3,314 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
25,866 
36,066 
Other creditors
1,630,844 
1,439,192 
1,656,710 
1,475,258 
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MIDLAND GENERAL TRADING LTD Notes to the Accounts for the year ended 31 October 2023
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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