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REGISTERED NUMBER: 03297312 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2023

for

NORTH MIDLAND SURVEYS LIMITED

NORTH MIDLAND SURVEYS LIMITED (REGISTERED NUMBER: 03297312)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTH MIDLAND SURVEYS LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: N D Todd





REGISTERED OFFICE: The Old Workshop,
1 Ecclesall Road South
Sheffield
S11 9PA





REGISTERED NUMBER: 03297312 (England and Wales)





ACCOUNTANTS: Brown McLeod Limited
Chartered Accountants
The Old Workshop
1 Ecclesall Road South
Sheffield
South Yorkshire
S11 9PA

NORTH MIDLAND SURVEYS LIMITED (REGISTERED NUMBER: 03297312)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,840 38,048
Investments 5 1 1
Investment property 6 620,000 620,000
648,841 658,049

CURRENT ASSETS
Debtors 7 680,776 732,748
Cash in hand 121 121
680,897 732,869
CREDITORS
Amounts falling due within one year 8 314,369 373,345
NET CURRENT ASSETS 366,528 359,524
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,015,369

1,017,573

CREDITORS
Amounts falling due after more than one year 9 (305,238 ) (332,900 )

PROVISIONS FOR LIABILITIES (63,377 ) (63,377 )
NET ASSETS 646,754 621,296

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 11 270,189 270,189
Retained earnings 376,465 351,007
646,754 621,296

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

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 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.

NORTH MIDLAND SURVEYS LIMITED (REGISTERED NUMBER: 03297312)

Balance Sheet - continued
31 December 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 28 September 2024 and were signed by:





N D Todd - Director


NORTH MIDLAND SURVEYS LIMITED (REGISTERED NUMBER: 03297312)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

North Midland Surveys 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.

The financial statements have been prepared on the going concern basis as the director has guaranteed to support the company for the foreseeable future.

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 etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary 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 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.

NORTH MIDLAND SURVEYS LIMITED (REGISTERED NUMBER: 03297312)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 64,419
Additions 6,089
At 31 December 2023 70,508
DEPRECIATION
At 1 January 2023 26,371
Charge for year 15,297
At 31 December 2023 41,668
NET BOOK VALUE
At 31 December 2023 28,840
At 31 December 2022 38,048

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 620,000
NET BOOK VALUE
At 31 December 2023 620,000
At 31 December 2022 620,000

NORTH MIDLAND SURVEYS LIMITED (REGISTERED NUMBER: 03297312)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. INVESTMENT PROPERTY - continued

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2019 130,359
Valuation in 2020 435,441
Valuation in 2021 54,200
620,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 16,000 65,900
Amounts owed by group undertakings 664,714 666,786
Other debtors 62 62
680,776 732,748

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 34,291 34,013
Taxation and social security 15,824 4,667
Other creditors 264,254 334,665
314,369 373,345

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 305,238 329,400
Other creditors - 3,500
305,238 332,900

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 296,757 306,441

NORTH MIDLAND SURVEYS LIMITED (REGISTERED NUMBER: 03297312)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank overdrafts 17,618 12,760
Bank loans 321,911 350,653
339,529 363,413

HSBC Bank plc have a fixed and floating charge over the company assets.

Charter Court Financial Services Ltd hold a charge over property at Woodseats Cottage.

Kensington Mortgage Company Limited hold a charge over property at Long Barn Cottage.

11. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 270,189

12. ULTIMATE CONTROLLING PARTY

The controlling party is N D Todd.