2023-01-01 00998388 2023-12-31 00998388 2023-01-01 2023-12-31 00998388 2022-12-31 00998388 2022-01-01 2022-12-31 00998388 uk-core:WithinOneYear 2022-12-31 00998388 uk-core:WithinOneYear 2023-12-31 00998388 uk-core:ShareCapital 2023-12-31 00998388 uk-core:ShareCapital 2022-12-31 00998388 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 00998388 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 00998388 uk-bus:Director1 2023-01-01 2023-12-31 00998388 uk-core:Buildings 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure 00998388 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 00998388 uk-bus:FRS102 2023-01-01 2023-12-31 00998388 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 00998388 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Midgley's Properties Limited
Registered Number:00998388
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Midgley's Properties Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
00998388
As at 31 December 2023
Midgley's Properties Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
2
22,285
23,255
Investment property
22,285
23,255
Current assets
10,365
Cash and cash equivalents
10,649
10,649
10,365
Trade and other payables: amounts falling due within one year
(13,073)
(10,117)
3
(2,708)
532
Net current assets
Total assets less current liabilities
22,817
20,547
22,817
Net assets
20,547
Capital and reserves
Called up share capital
100
100
Retained earnings
22,717
20,447
22,817
20,547
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
George Stuart Midgley Director
These financial statements were approved and authorised for issue by the Board on 21 August 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2023
Midgley's Properties Limited
Notes to the Financial Statements
Statutory Information
Midgley's Properties Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 00998388.
Registered address:
22 Kirkdale Drive
Sheffield
S13 9LH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
2% Straight line
2. Investment property
Total
£
Fair value
At 01 January 2023
48,475
At 31 December 2023
48,475
Depreciation
At 01 January 2023
25,220
For the year/period
970
At 31 December 2023
26,190
Net book value
At 31 December 2023
22,285
At 31 December 2022
23,255
The investment properties are held for long-term investment. Investment properties are accounted for in accordance with SSAP19 as follows:(i) no depreciation is provided in respect of investment properties and they are revalued annualy. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year; and(ii) no depreciation is provided in respect of leasehold investment properties where the lease has over 20 years to run. The treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets, however, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give and true and fair view.
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5
For the year ended 31 December 2023
Midgley's Properties Limited
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
995
24
Other creditors
9,122
13,049
10,117
13,073
4. Average number of persons employed
During the year the average number of employees was 0
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