Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falseprovision of property rental11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11181186 2023-05-01 2024-04-30 11181186 2022-05-01 2023-04-30 11181186 2024-04-30 11181186 2023-04-30 11181186 c:Director1 2023-05-01 2024-04-30 11181186 d:LeaseholdInvestmentProperty 2024-04-30 11181186 d:LeaseholdInvestmentProperty 2023-04-30 11181186 d:CurrentFinancialInstruments 2024-04-30 11181186 d:CurrentFinancialInstruments 2023-04-30 11181186 d:Non-currentFinancialInstruments 2024-04-30 11181186 d:Non-currentFinancialInstruments 2023-04-30 11181186 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 11181186 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 11181186 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 11181186 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 11181186 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 11181186 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 11181186 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 11181186 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 11181186 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-04-30 11181186 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-04-30 11181186 d:ShareCapital 2024-04-30 11181186 d:ShareCapital 2023-04-30 11181186 d:RetainedEarningsAccumulatedLosses 2024-04-30 11181186 d:RetainedEarningsAccumulatedLosses 2023-04-30 11181186 c:FRS102 2023-05-01 2024-04-30 11181186 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11181186 c:FullAccounts 2023-05-01 2024-04-30 11181186 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11181186 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Registered number: 11181186






MIDDLETON PLACE LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










img0e4a.png

 
MIDDLETON PLACE LTD
REGISTERED NUMBER:11181186

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
4,334,828
4,334,828

  
4,334,828
4,334,828

Current assets
  

Debtors: amounts falling due within one year
 5 
8,122
12,446

Cash at bank and in hand
 6 
20,028
61,802

  
28,150
74,248

Creditors: amounts falling due within one year
 7 
(2,175,100)
(2,025,021)

Net current liabilities
  
 
 
(2,146,950)
 
 
(1,950,773)

Total assets less current liabilities
  
2,187,878
2,384,055

Creditors: amounts falling due after more than one year
 8 
(2,641,608)
(2,854,540)

  

Net liabilities
  
(453,730)
(470,485)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(453,830)
(470,585)

  
(453,730)
(470,485)


Page 1

 
MIDDLETON PLACE LTD
REGISTERED NUMBER:11181186
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R Heshmati-Bhanji
Director

Date: 6 January 2025

Page 2

 
MIDDLETON PLACE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Middleton Place Ltd is a private company limited by shares, incorporated in England and Wales. Its registered office is Suite 7 238 Merton Street, London, SW19 1AU.
The principal activity of the company is that of the provision of property rental.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 3

 
MIDDLETON PLACE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 -1).

Page 4

 
MIDDLETON PLACE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Investment property


Long term leasehold investment property

£



Valuation


At 1 May 2023
4,334,828



At 30 April 2024
4,334,828

The 2024 valuations were made by R Heshmati-Bhanji, the director of the company, on an open market value for existing use basis.


2024
2023
£
£


Historic cost
4,334,828
4,334,828

4,334,828
4,334,828

Page 5

 
MIDDLETON PLACE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Prepayments and accrued income
8,122
12,446

8,122
12,446



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
20,028
61,802

20,028
61,802



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,731
9,957

Other loans
489
4,251

Trade creditors
1,221
2,768

Other creditors
2,160,160
1,998,343

Accruals and deferred income
7,499
9,702

2,175,100
2,025,021



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
32,337
33,700

Other loans
2,609,271
2,820,840

2,641,608
2,854,540


The mortgages of £2,609,271 are secured against the assets of the company.

Page 6

 
MIDDLETON PLACE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
5,731
9,957

Other loans
489
4,251


6,220
14,208

Amounts falling due 1-2 years

Other loans
-
489


-
489

Amounts falling due 2-5 years

Bank loans
32,337
33,700


32,337
33,700

Amounts falling due after more than 5 years

Other loans
2,609,271
2,820,351

2,609,271
2,820,351

2,647,828
2,868,748


 
Page 7