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REGISTERED NUMBER: 00781899 (England and Wales)








Unaudited Financial Statements

for the Year Ended

30 April 2024

for

Midminster Holdings Limited

Midminster Holdings Limited (Registered number: 00781899)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Midminster Holdings Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: P B Pioli
P M Pioli
J Jordan





REGISTERED OFFICE: Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT





REGISTERED NUMBER: 00781899 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Chartered Accountants
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Midminster Holdings Limited (Registered number: 00781899)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,461 1,826
Investments 5 2,074,808 2,285,029
Investment property 6 1,067,000 787,980
3,143,269 3,074,835

CURRENT ASSETS
Stocks 768,046 85,902
Debtors 7 1,051,168 1,182,398
Cash at bank 391,532 1,047,758
2,210,746 2,316,058
CREDITORS
Amounts falling due within one year 8 56,662 199,593
NET CURRENT ASSETS 2,154,084 2,116,465
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,297,353

5,191,300

CAPITAL AND RESERVES
Called up share capital 54,000 54,000
Share premium 21,305 21,305
Capital redemption reserve 8,000 8,000
Other reserves 142,354 142,354
Fair value reserve 9 704,760 579,309
Retained earnings 4,366,934 4,386,332
SHAREHOLDERS' FUNDS 5,297,353 5,191,300

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Midminster Holdings Limited (Registered number: 00781899)

Balance Sheet - continued
30 April 2024


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 19 December 2024 and were signed on its behalf by:





P B Pioli - Director


Midminster Holdings Limited (Registered number: 00781899)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Midminster Holdings Limited is a private company, limited by shares , registered in England and Wales. 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.

Preparation of consolidated financial statements
The financial statements contain information about Midminster Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

In addition there is an unfunded scheme for which payments will be charged to the profit and loss account as they become due.

Investments held as fixed assets
The investments are included at cost less provision for any permanent impairment, or at market value where this is available.

Midminster Holdings Limited (Registered number: 00781899)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Turnover
Turnover represents rent receivable, excluding value added tax, and is recognised when the company obtains the right to consideration.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2023 3,536 47,550 51,086
Disposals - (28,950 ) (28,950 )
At 30 April 2024 3,536 18,600 22,136
DEPRECIATION
At 1 May 2023 1,710 47,550 49,260
Charge for year 365 - 365
Eliminated on disposal - (28,950 ) (28,950 )
At 30 April 2024 2,075 18,600 20,675
NET BOOK VALUE
At 30 April 2024 1,461 - 1,461
At 30 April 2023 1,826 - 1,826

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 May 2023 100 2,284,929 2,285,029
Additions - 867,939 867,939
Disposals - (908,310 ) (908,310 )
Revaluations - (169,850 ) (169,850 )
At 30 April 2024 100 2,074,708 2,074,808
NET BOOK VALUE
At 30 April 2024 100 2,074,708 2,074,808
At 30 April 2023 100 2,284,929 2,285,029

Midminster Holdings Limited (Registered number: 00781899)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 April 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2023 - 2,069,308 2,069,308
Cost 100 5,400 5,500
100 2,074,708 2,074,808

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 787,980
Revaluations 279,020
At 30 April 2024 1,067,000
NET BOOK VALUE
At 30 April 2024 1,067,000
At 30 April 2023 787,980

Investment properties have been included on the balance sheet at the directors' assessment of their fair value.

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 1,067,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,950
Other debtors 1,051,168 1,180,448
1,051,168 1,182,398

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,613 3,379
Amounts owed to group undertakings 100 100
Taxation and social security 8,174 127,595
Other creditors 46,775 68,519
56,662 199,593

Midminster Holdings Limited (Registered number: 00781899)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. RESERVES
Fair
value
reserve
£   
At 1 May 2023 579,309
Revaluation transfer 125,451

At 30 April 2024 704,760

10. OTHER FINANCIAL COMMITMENTS

The company has agreed to make certain payments on the death of a current director to his surviving widow, at the rate of £40,000 per annum as adjusted for inflation. No provision has been made in these accounts for any amounts which may become payable as the potential liability cannot be quantified.

11. RELATED PARTY DISCLOSURES

At the end of the year the amount owed to directors and key management was £24,484 (2023: £21,619).