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REGISTERED NUMBER: 11896853 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MIDORA LTD

MIDORA LTD (REGISTERED NUMBER: 11896853)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MIDORA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Dr D M Aunianu
Dr D V Aunianu





REGISTERED OFFICE: Hermitage Dental Practice
50 Silver Street
Whitwick
Leicestershire
LE67 5ET





REGISTERED NUMBER: 11896853 (England and Wales)





ACCOUNTANTS: Lemans
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA

MIDORA LTD (REGISTERED NUMBER: 11896853)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 165,000 176,000
Tangible assets 5 63,928 82,006
228,928 258,006

CURRENT ASSETS
Debtors 6 216,267 189,174
Cash at bank 80,790 51,756
297,057 240,930
CREDITORS
Amounts falling due within one year 7 75,928 66,641
NET CURRENT ASSETS 221,129 174,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

450,057

432,295

CREDITORS
Amounts falling due after more than one year 8 (43,778 ) (61,402 )

PROVISIONS FOR LIABILITIES (15,982 ) -
NET ASSETS 390,297 370,893

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 390,197 370,793
SHAREHOLDERS' FUNDS 390,297 370,893

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.

MIDORA LTD (REGISTERED NUMBER: 11896853)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2024 and were signed on its behalf by:





Dr D M Aunianu - Director


MIDORA LTD (REGISTERED NUMBER: 11896853)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Midora 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. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


MIDORA LTD (REGISTERED NUMBER: 11896853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price.

Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

MIDORA LTD (REGISTERED NUMBER: 11896853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 220,000
AMORTISATION
At 1 April 2023 44,000
Amortisation for year 11,000
At 31 March 2024 55,000
NET BOOK VALUE
At 31 March 2024 165,000
At 31 March 2023 176,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 4,645 51,716 61,090 117,451
DEPRECIATION
At 1 April 2023 194 22,626 12,625 35,445
Charge for year 1,112 7,273 9,693 18,078
At 31 March 2024 1,306 29,899 22,318 53,523
NET BOOK VALUE
At 31 March 2024 3,339 21,817 38,772 63,928
At 31 March 2023 4,451 29,090 48,465 82,006

MIDORA LTD (REGISTERED NUMBER: 11896853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 61,090
DEPRECIATION
At 1 April 2023 12,625
Charge for year 9,693
At 31 March 2024 22,318
NET BOOK VALUE
At 31 March 2024 38,772
At 31 March 2023 48,465

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 30,416 25,447
Other debtors 161,258 160,000
Directors' current accounts 24,593 3,727
216,267 189,174

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other loans 10,000 10,000
Hire purchase contracts (see note 9) 7,623 7,623
Trade creditors 295 239
Corporation tax 47,072 42,387
Social security and other taxes 569 433
Other creditors 2,000 -
Accrued expenses 8,369 5,959
75,928 66,641

MIDORA LTD (REGISTERED NUMBER: 11896853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other loans 11,667 21,667
Hire purchase contracts (see note 9) 32,111 39,735
43,778 61,402

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 7,623 7,623
Between one and five years 32,111 39,735
39,734 47,358

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Dr D M Aunianu
Balance outstanding at start of year 3,727 -
Amounts advanced 20,866 3,727
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,593 3,727

Interest has been charged on this loan at a rate of 2.25% during the year and credited to the profit and loss account (31.03.2023 - £Nil).

MIDORA LTD (REGISTERED NUMBER: 11896853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

12. RELATED PARTY DISCLOSURES

A D & D Properties Ltd
D M and D V Aunianu are directors and shareholders of the above named company. Included in other debtors is a loan of £160,000 (2023 - £160,000) to this company.