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Company Registration No. 12068882 (England and Wales)
Midlands Property Specialists Limited Unaudited accounts for the year ended 30 June 2024
Midlands Property Specialists Limited Unaudited accounts Contents
Page
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Midlands Property Specialists Limited Company Information for the year ended 30 June 2024
Directors
Mr P S Bindra Mrs S K Bindra
Company Number
12068882 (England and Wales)
Registered Office
1 JUNO CLOSE GLENFIELD LEICESTER LE3 8SX UNITED KINGDOM
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Midlands Property Specialists Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,726,426 
1,359,759 
Current assets
Debtors
- 
87,904 
Cash at bank and in hand
2,173 
19,393 
2,173 
107,297 
Creditors: amounts falling due within one year
(74,041)
(34,661)
Net current (liabilities)/assets
(71,868)
72,636 
Total assets less current liabilities
1,654,558 
1,432,395 
Creditors: amounts falling due after more than one year
(1,334,300)
(1,059,971)
Net assets
320,258 
372,424 
Capital and reserves
Called up share capital
434,100 
434,100 
Profit and loss account
(113,842)
(61,676)
Shareholders' funds
320,258 
372,424 
For the year ending 30 June 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by
Mr P S Bindra Director Company Registration No. 12068882
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Midlands Property Specialists Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Midlands Property Specialists Limited is a private company, limited by shares, registered in England and Wales, registration number 12068882. The registered office is 1 JUNO CLOSE, GLENFIELD, LEICESTER, LE3 8SX, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not depreciated
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
1,330,429 
29,330 
1,359,759 
Additions
374,000 
- 
374,000 
At 30 June 2024
1,704,429 
29,330 
1,733,759 
Depreciation
Charge for the year
- 
7,333 
7,333 
At 30 June 2024
- 
7,333 
7,333 
Net book value
At 30 June 2024
1,704,429 
21,997 
1,726,426 
At 30 June 2023
1,330,429 
29,330 
1,359,759 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
87,904 
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Midlands Property Specialists Limited Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
72,841 
34,161 
Accruals
1,200 
500 
74,041 
34,661 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
606,145 
332,605 
Loans from directors
728,155 
727,366 
1,334,300 
1,059,971 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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