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REGISTERED NUMBER: 00711545 (England and Wales)















Middlewood Investments Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Middlewood Investments Limited (Registered number: 00711545)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Middlewood Investments Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr E J Ibberson
Mr J W Ibberson





SECRETARY: Mr E J Ibberson





REGISTERED OFFICE: No. 1 Velocity
2 Tenter Street
Sheffield
S1 4BY





REGISTERED NUMBER: 00711545 (England and Wales)





ACCOUNTANTS: Grenfell James Associates Limited
13 The Courtyard
Timothys Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NP

Middlewood Investments Limited (Registered number: 00711545)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,637 41,866
Investments 5 121,543 102,652
Investment property 6 750,000 625,000
904,180 769,518

CURRENT ASSETS
Debtors 7 2,815 3,496
Cash at bank 174,561 152,616
177,376 156,112
CREDITORS
Amounts falling due within one year 8 22,196 10,187
NET CURRENT ASSETS 155,180 145,925
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,059,360

915,443

PROVISIONS FOR LIABILITIES 154,259 119,559
NET ASSETS 905,101 795,884

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 617,035 476,640
Retained earnings 287,966 319,144
905,101 795,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Middlewood Investments Limited (Registered number: 00711545)

Balance Sheet - continued
31 March 2024


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 3 October 2024 and were signed on its behalf by:





Mr E J Ibberson - Director


Middlewood Investments Limited (Registered number: 00711545)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Middlewood Investments 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Middlewood Investments Limited (Registered number: 00711545)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 17,070 800 52,990 70,860
Additions 3,599 190 903 4,692
Disposals (5,039 ) - - (5,039 )
At 31 March 2024 15,630 990 53,893 70,513
DEPRECIATION
At 1 April 2023 11,974 240 16,780 28,994
Charge for year 1,019 182 10,764 11,965
Eliminated on disposal (3,083 ) - - (3,083 )
At 31 March 2024 9,910 422 27,544 37,876
NET BOOK VALUE
At 31 March 2024 5,720 568 26,349 32,637
At 31 March 2023 5,096 560 36,210 41,866

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 102,652
Additions 789
Revaluations 18,102
At 31 March 2024 121,543
NET BOOK VALUE
At 31 March 2024 121,543
At 31 March 2023 102,652

Middlewood Investments Limited (Registered number: 00711545)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2022 2,970
Valuation in 2023 (4,843 )
Valuation in 2024 18,891
Cost 104,525
121,543

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 625,000
Revaluations 125,000
At 31 March 2024 750,000
NET BOOK VALUE
At 31 March 2024 750,000
At 31 March 2023 625,000

The investment property was valued by Mr C Stott of SMC Brownill Vickers, a RICS Chartered Surveyors on 26th March 2024. The valuation was based on the open market value of the property as at the date of the report.

If investment property had not been revalued it would have been included at Historical Cost value of £29,201.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2015 625,000
Valuation in 2024 125,000
750,000

If Investment Property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 625,000 625,000

Middlewood Investments Limited (Registered number: 00711545)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,815 3,496

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 7,929 6,034
Other creditors 14,267 4,153
22,196 10,187

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023 476,640
Fair value reserve 140,395

At 31 March 2024 617,035