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REGISTERED NUMBER: 04443041 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

MIDOS SITES LTD

MIDOS SITES LTD (REGISTERED NUMBER: 04443041)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MIDOS SITES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: D Schreiber





SECRETARY: Mrs. R Niederman





REGISTERED OFFICE: Room 1, Ground Floor
147 Stamford Hill
London
N16 5LG





REGISTERED NUMBER: 04443041 (England and Wales)





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

MIDOS SITES LTD (REGISTERED NUMBER: 04443041)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Investment property 5 1,100,000 1,100,000

CURRENT ASSETS
Debtors 6 775,969 777,563
Cash at bank 57,490 88,838
833,459 866,401
CREDITORS
Amounts falling due within one year 7 (312,612 ) (384,982 )
NET CURRENT ASSETS 520,847 481,419
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,620,847

1,581,419

CREDITORS
Amounts falling due after more than one
year

8

(325,312

)

(322,256

)
NET ASSETS 1,295,535 1,259,163

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 1,075,000 1,075,000
Retained earnings 11 220,435 184,063
SHAREHOLDERS' FUNDS 1,295,535 1,259,163

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

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

MIDOS SITES LTD (REGISTERED NUMBER: 04443041)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 director and authorised for issue on 9 October 2024 and were signed by:





D Schreiber - Director


MIDOS SITES LTD (REGISTERED NUMBER: 04443041)

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

1. STATUTORY INFORMATION

Midos Sites 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 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.

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.

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).

MIDOS SITES LTD (REGISTERED NUMBER: 04443041)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 1,100,000
NET BOOK VALUE
At 31 October 2023 1,100,000
At 31 October 2022 1,100,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2005 1,275,000
Valuation in 2008 (400,000 )
Valuation in 2009 200,000
Cost 25,000
1,100,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 4,762 6,356
Other debtors 771,207 771,207
775,969 777,563

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 34,707 135,475
Taxation and social security 602 602
Other creditors 277,303 248,905
312,612 384,982

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans (see note 9) 325,312 322,256

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 325,312 322,256

MIDOS SITES LTD (REGISTERED NUMBER: 04443041)

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

9. LOANS

An analysis of the maturity of loans is given below:

31.10.23 31.10.22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 325,312 322,256

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 November 2022 184,063 1,075,000 1,259,063
Profit for the year 36,372 36,372
At 31 October 2023 220,435 1,075,000 1,295,435

12. RELATED PARTY DISCLOSURES

Other debtor includes an amount totalling £12,750 (2022: £12,750) and £10,000 (2022: £10,000) from companies with a common director or companies connected with the family members of the director. The loans are interest free and repayable on demand.

13. ULTIMATE CONTROLLING PARTY

The controlling party is D Schreiber.