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Registered number: 04582809

Midland Properties (Bristol) Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023

Prepared By:
R F Love and Company
Chartered Accountant
Holly House
21d, Chudleigh Road
Exeter
Devon
EX2 8TS

Midland Properties (Bristol) Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
DIRECTORS
P O'Brien
SECRETARY
P O'Brien
REGISTERED OFFICE
Holly House, 21d Chudleigh Road
Alphington
Exeter
Devon
EX2 8TS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04582809
ACCOUNTANTS
R F Love and Company
Chartered Accountant
Holly House
21d, Chudleigh Road
Exeter
Devon
EX2 8TS

Midland Properties (Bristol) Limited

ACCOUNTS
FOR THEYEARENDED30/11/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Midland Properties (Bristol) Limited

BALANCE SHEET AT 30/11/2023
20232022
Notes££
FIXED ASSETS
Tangible assets313,37817,836
CURRENT ASSETS
Stock2,475,6162,475,616
Debtors554,435620,581
Cash at bank and in hand7,8731,035
2,537,9243,097,232
CREDITORS: Amounts falling due within one year6107,826137,583
NET CURRENT ASSETS2,430,0982,959,649
TOTAL ASSETS LESS CURRENT LIABILITIES2,443,4762,977,485
CREDITORS: Amounts falling due after more than one year71,078,4931,611,025
PROVISIONS FOR LIABILITIES AND CHARGES81,4552,063
NET ASSETS1,363,5281,364,397
CAPITAL AND RESERVES
Called up share capital933
Revaluation reserve1d,101,252,6161,252,616
Profit and loss account110,909111,778
SHAREHOLDERS' FUNDS1,363,5281,364,397
For the year ending 30/11/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 28/11/2024 and signed on their behalf by
.............................
P O'Brien
Director

Midland Properties (Bristol) Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 10).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.
2. EMPLOYEES
20232022
No.No.
Average number of employees11

Midland Properties (Bristol) Limited

3. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesMotor CarsTotal
££££
Cost
At 01/12/202232,59425,54435,78593,923
At 30/11/202332,59425,54435,78593,923
Depreciation
At 01/12/202232,18111,17532,73176,087
For the year1033,5927634,458
At 30/11/202332,28414,76733,49480,545
Net Book Amounts
At 30/11/202331010,7772,29113,378
At 30/11/202241314,3693,05417,836
4. STOCK 20232022
££
Stock comprises:
Stock of Land and Buildings, at cost2,475,6162,475,616
2,475,6162,475,616
5. DEBTORS 20232022
££
Amounts falling due within one year
Other debtors6,854-
6,854-
Amounts falling due over more than one year
Long term debtor47,581620,581
47,581620,581
54,435620,581

Midland Properties (Bristol) Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax4,7393,669
Directors current account33,52659,726
Bank Loan37,38342,793
Credit card2,781299
Hire purchase9,98214,296
Trade creditors2,615-
Accruals16,80016,800
107,826137,583
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (secured) >1yr1,078,4931,026,895
Long term creditor-584,130
1,078,4931,611,025
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation1,4552,063
1,4552,063
9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
3 Ordinary shares of £1 each33
33

Midland Properties (Bristol) Limited

10. REVALUATION RESERVE 20232022
££
Revaluation reserve1,252,6161,252,616
1,252,6161,252,616