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REGISTERED NUMBER: 04863134















MIDLAND FINANCIAL ADVISERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






MIDLAND FINANCIAL ADVISERS LIMITED (REGISTERED NUMBER: 04863134)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MIDLAND FINANCIAL ADVISERS LIMITED

COMPANY INFORMATION
for the Year Ended 31 AUGUST 2024







DIRECTORS: C F Chattaway
P Maguire





SECRETARY: P Maguire





REGISTERED OFFICE: Midland Buildings
Bridge Street
Oakengates
Telford
Shropshire
TF2 6AH





REGISTERED NUMBER: 04863134





ACCOUNTANTS: Wallace Crooke
Chartered Accountants
College House
St. Leonards Close
Bridgnorth
Shropshire
WV16 4EJ

MIDLAND FINANCIAL ADVISERS LIMITED (REGISTERED NUMBER: 04863134)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,664 7,552
Investments 5 32,520 30,568
38,184 38,120

CURRENT ASSETS
Debtors 6 11,701 12,876
Cash at bank 20,850 37,442
32,551 50,318
CREDITORS
Amounts falling due within one year 7 39,991 56,659
NET CURRENT LIABILITIES (7,440 ) (6,341 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,744

31,779

CAPITAL AND RESERVES
Called up share capital 8 2 2
Capital redemption reserve 2 2
Retained earnings 30,740 31,775
SHAREHOLDERS' FUNDS 30,744 31,779

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:




P Maguire - Director


MIDLAND FINANCIAL ADVISERS LIMITED (REGISTERED NUMBER: 04863134)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2024

1. STATUTORY INFORMATION

Midland Financial Advisers Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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.
Office Equipment - 25% reducing balance

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.

Hire purchase and leasing commitments
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.

Investments
Investments in equity shares which are publicly traded or where the fair value can be reliably measured are initially measured at their fair value, with changes in fair value recognised in the income statement. Investments in equity shares where fair value can not be reliably measured are measured at cost less impairment.

MIDLAND FINANCIAL ADVISERS LIMITED (REGISTERED NUMBER: 04863134)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Office
Equipment
£   
COST
At 1 September 2023
and 31 August 2024 33,238
DEPRECIATION
At 1 September 2023 25,686
Charge for year 1,888
At 31 August 2024 27,574
NET BOOK VALUE
At 31 August 2024 5,664
At 31 August 2023 7,552

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 September 2023 30,568
Share of profit/(loss) 1,952
At 31 August 2024 32,520
NET BOOK VALUE
At 31 August 2024 32,520
At 31 August 2023 30,568

Cost or valuation at 31 August 2024 is represented by:

Other
investments
£   
Valuation in 2019 1,982
Valuation in 2020 (1,966 )
Valuation in 2021 5,001
Valuation in 2022 1,364
Valuation in 2023 (813 )
Valuation in 2024 1,952
Cost 25,000
32,520

MIDLAND FINANCIAL ADVISERS LIMITED (REGISTERED NUMBER: 04863134)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,509 12,684
Other debtors 192 192
11,701 12,876

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 33,569 31,644
Taxation and social security 3,665 19,535
Other creditors 2,757 5,480
39,991 56,659

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary Share Capital £1 2 2