Middlenorth Management Limited 02784453 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is the management of the commercial property known as Queensway Link, Stafford Park 17, Telford, Shropshire, TF3 3DN. Digita Accounts Production Advanced 6.30.9574.0 true true 02784453 2023-07-01 2024-06-30 02784453 2024-06-30 02784453 bus:OrdinaryShareClass1 2024-06-30 02784453 core:ShareCapital 2024-06-30 02784453 core:CurrentFinancialInstruments 2024-06-30 02784453 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 02784453 bus:SmallEntities 2023-07-01 2024-06-30 02784453 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 02784453 bus:FilletedAccounts 2023-07-01 2024-06-30 02784453 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 02784453 bus:RegisteredOffice 2023-07-01 2024-06-30 02784453 bus:CompanySecretaryDirector1 2023-07-01 2024-06-30 02784453 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 02784453 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02784453 countries:EnglandWales 2023-07-01 2024-06-30 02784453 2022-07-01 2023-06-30 02784453 2023-06-30 02784453 bus:OrdinaryShareClass1 2023-06-30 02784453 core:ShareCapital 2023-06-30 02784453 core:CurrentFinancialInstruments 2023-06-30 02784453 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02784453

Middlenorth Management Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Middlenorth Management Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 5

 

Middlenorth Management Limited

Company Information

Director

C McVitty

Company secretary

C McVitty

Registered office

Sail Loft Lawson & Partners
Battlesbridge Harbour
Battlesbridge
Essex
SS11 8DT

Accountants

Service Charge Assurance Limited
Chartered Accountants
Salatin House
19 Cedar Road
Sutton
Surrey
SM2 5DA

 

Middlenorth Management Limited

(Registration number: 02784453)
Statement of Financial Position as at 30 June 2024

Note

2024
£

2023
£

Current assets

 

Receivables

4

2,494

1,688

Cash at bank and in hand

 

2,150

3,164

 

4,644

4,852

Payables: Amounts falling due within one year

5

(4,622)

(4,830)

Net assets

 

22

22

Equity

 

Called up share capital

6

22

22

Shareholders' funds

 

22

22

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income statement has been taken.

The financial statements of Middlenorth Management Limited were approved and authorised for issue by the director on 6 December 2024
 

.........................................

C McVitty
Company secretary and director

 

Middlenorth Management Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024

1

General information

Middlenorth Management Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1.

2

Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).

Departures from Companies Act requirements

The financial statements depart from the standard format of the Companies Act 2006 in that turnover has been replaced by service charge income, cost of sales has been replaced by service charge expenditure and profit/(loss) has been replaced by surplus/(deficit). This departure, as permitted by s396 of the Companies Act 2006, has arisen because the directors consider that this presentation is more appropriate given the nature of the company's activity. The result for the year is unaffected by the accounting treatment adopted.

Going concern

The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus he continues to adopt the going concern basis in preparing the annual financial statements.

Critical judgements and key sources of estimation uncertainties

There were no key sources of estimation uncertainties or critical judgements made by the directors in the process of applying the company’s accounting policies with significant effect on the amounts recognised in the financial statements.

 

Middlenorth Management Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024 (continued)

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Receivables

Service charge arrears are amounts due from the leaseholders at the financial year end.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Receivables

2024
£

2023
£

Service charge arrears

2,171

1,369

Other debtors

22

22

Prepayments

301

297

2,494

1,688

 

Middlenorth Management Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024 (continued)

5

Payables

Payables: amounts falling due within one year

2024
£

2023
£

Due within one year

Social security and other taxes

150

53

Surplus to be credited to lessees

1,308

1,613

Accruals & deferred income

3,164

3,164

4,622

4,830

6

Share capital and reserves

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

22

22

22

22