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REGISTERED NUMBER: 07834160 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

MIDOS GC LIMITED

MIDOS GC LIMITED (REGISTERED NUMBER: 07834160)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MIDOS GC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: J Schreiber
D Schreiber





SECRETARY: Mrs. R Niederman





REGISTERED OFFICE: 147 Stamford Hill
London
N16 5LG





REGISTERED NUMBER: 07834160 (England and Wales)





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

MIDOS GC LIMITED (REGISTERED NUMBER: 07834160)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 4,828 4,828
Investments 6 5,675 5,675
Investment property 7 350,200 350,200
360,703 360,703

CURRENT ASSETS
Debtors 8 181,331,921 129,296,406
Investments 9 1,000,025 1,000,025
Cash at bank 16,748,773 28,633,124
199,080,719 158,929,555
CREDITORS
Amounts falling due within one year 10 (192,933,688 ) (154,754,325 )
NET CURRENT ASSETS 6,147,031 4,175,230
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,507,734

4,535,933

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 12 6,507,733 4,535,932
SHAREHOLDERS' FUNDS 6,507,734 4,535,933

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 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 GC LIMITED (REGISTERED NUMBER: 07834160)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 by the Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by:





D Schreiber - Director


MIDOS GC LIMITED (REGISTERED NUMBER: 07834160)

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

1. STATUTORY INFORMATION

Midos GC Limited 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at 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 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.


MIDOS GC LIMITED (REGISTERED NUMBER: 07834160)

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

3. ACCOUNTING POLICIES - continued
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 NIL (2022 - NIL).

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2022
and 30 June 2023 5,562
DEPRECIATION
At 1 July 2022
and 30 June 2023 734
NET BOOK VALUE
At 30 June 2023 4,828
At 30 June 2022 4,828

6. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 300 5,375 5,675
NET BOOK VALUE
At 30 June 2023 300 5,375 5,675
At 30 June 2022 300 5,375 5,675

MIDOS GC LIMITED (REGISTERED NUMBER: 07834160)

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

6. FIXED ASSET INVESTMENTS - continued

At the balance sheet date, the company owned issued share capital in the companies incorporated in England listed below:

Cityfield Investments Ltd 100%
WAM Management Ltd 100%
Estoril Estates Ltd 100%
Ravensway properties Ltd 100%
Outferry Limited 99%
Lakeview Estates (UK) Limited 50%
Ablethird (UK) Limited 50%
Lakeview Meadows Limited 50%
Midos Partnership LLP 49.99%
Omnia Doxford Limited 33%
Wokingham Investments Ltd 33%
Lakeview Commercial Ltd 25%
Lakeview properties (UK) Ltd 25%
Lakeview services (UK) Ltd 13%
Colberg Estates Ltd 12%
Ski Commercial Ltd 100%
Limeview Commercial Limited 50%

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 350,200
NET BOOK VALUE
At 30 June 2023 350,200
At 30 June 2022 350,200

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 228,997 428,616
Amounts owed by group undertakings 12,966 542,713
Amounts owed by participating interests 3,481,121 3,496,308
Other debtors 177,608,837 124,828,769
181,331,921 129,296,406

9. CURRENT ASSET INVESTMENTS
30.6.23 30.6.22
£    £   
Unlisted investments 1,000,025 1,000,025

MIDOS GC LIMITED (REGISTERED NUMBER: 07834160)

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

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 453,647 551,497
Trade creditors 316,066 316,128
Amounts owed to group undertakings 17,092,104 10,747,846
Amounts owed to participating interests 7,175,282 6,117,028
Taxation and social security 550,202 506,959
Other creditors 167,346,387 136,514,867
192,933,688 154,754,325

11. CALLED UP SHARE CAPITAL

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

12. RESERVES
Retained
earnings
£   

At 1 July 2022 4,535,932
Profit for the year 1,971,801
At 30 June 2023 6,507,733