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Company Registration No. 11146292 (England and Wales)
MIDLAND CAPITAL LIMITED Unaudited accounts for the period from 1 March 2023 to 28 February 2024
MIDLAND CAPITAL LIMITED Unaudited accounts Contents
Page
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MIDLAND CAPITAL LIMITED Company Information for the period from 1 March 2023 to 28 February 2024
Director
Ka Shing Cheung
Company Number
11146292 (England and Wales)
Registered Office
Unit 2 Burley House DERBY Derbyshire DE22 3LR United Kingdom
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MIDLAND CAPITAL LIMITED Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
129,126 
125,000 
Investment property
4,078,370 
3,441,421 
4,207,496 
3,566,421 
Current assets
Debtors
1,459,475 
881,199 
Cash at bank and in hand
2,223 
20,100 
1,461,698 
901,299 
Creditors: amounts falling due within one year
(75,224)
(176,088)
Net current assets
1,386,474 
725,211 
Total assets less current liabilities
5,593,970 
4,291,632 
Creditors: amounts falling due after more than one year
(3,949,906)
(3,289,076)
Net assets
1,644,064 
1,002,556 
Capital and reserves
Called up share capital
10 
10 
Revaluation reserve
1,460,200 
823,251 
Profit and loss account
183,854 
179,295 
Shareholders' funds
1,644,064 
1,002,556 
For the period ending 28 February 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 director acknowledges his 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 and authorised for issue on 29 November 2024 and were signed on its behalf by
Ka Shing Cheung Director Company Registration No. 11146292
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MIDLAND CAPITAL LIMITED Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
MIDLAND CAPITAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11146292. The registered office is Unit 2, Burley House, DERBY, Derbyshire, DE22 3LR, 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 period, 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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:
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
125,000 
462 
462 
125,924 
Additions
- 
4,126 
- 
4,126 
At 28 February 2024
125,000 
4,588 
462 
130,050 
Depreciation
At 1 March 2023
- 
462 
462 
924 
At 28 February 2024
- 
462 
462 
924 
Net book value
At 28 February 2024
125,000 
4,126 
- 
129,126 
At 28 February 2023
125,000 
- 
- 
125,000 
5
Investment property
2024 
£ 
Fair value at 1 March 2023
3,441,421 
Net gain from fair value adjustments
636,949 
At 28 February 2024
4,078,370 
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MIDLAND CAPITAL LIMITED Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,038 
- 
Other debtors
1,452,437 
881,199 
1,459,475 
881,199 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
2,966 
- 
Other creditors
70,058 
4,106 
Loans from directors
- 
169,049 
Accruals
2,200 
1,000 
Deferred income
- 
1,933 
75,224 
176,088 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
2,157,133 
Trade creditors
16,850 
- 
Other creditors
3,733,802 
1,131,943 
Loans from directors
199,254 
- 
3,949,906 
3,289,076 
9
Average number of employees
During the period the average number of employees was 2 (2023: 2).
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