Registration number:
Middlenorth Management Limited
for the Year Ended 30 June 2024
Middlenorth Management Limited
Contents
Company Information |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Middlenorth Management Limited
Company Information
Director |
C McVitty |
Company secretary |
C McVitty |
Registered office |
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Accountants |
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Middlenorth Management Limited
(Registration number: 02784453)
Statement of Financial Position as at 30 June 2024
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2023 |
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Current assets |
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Receivables |
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Cash at bank and in hand |
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Payables: Amounts falling due within one year |
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Net assets |
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Equity |
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Called up share capital |
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Shareholders' funds |
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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:
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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
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Company secretary and director
Middlenorth Management Limited
Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024
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.
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)
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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
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Receivables |
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2023 |
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Service charge arrears |
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Other debtors |
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Prepayments |
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Middlenorth Management Limited
Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2024 (continued)
Payables |
Payables: amounts falling due within one year
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2023 |
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Due within one year |
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Social security and other taxes |
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Surplus to be credited to lessees |
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Accruals & deferred income |
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Share capital and reserves |
Allotted, called up and fully paid shares
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2023 |
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No. |
£ |
No. |
£ |
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22 |