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REGISTERED NUMBER: 11351726 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Midland Property Investments Ltd

Midland Property Investments Ltd (Registered number: 11351726)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Midland Property Investments Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mrs M Eisenberg





REGISTERED OFFICE: 36 Richmond Avenue
Prestwich
Greater Manchester
M25 0LZ





REGISTERED NUMBER: 11351726 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Reedham House
31 King Street West
Manchester
Greater Manchester
M3 2PJ

Midland Property Investments Ltd (Registered number: 11351726)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 216
Investment property 5 1,200,021 516,891
1,200,021 517,107

CURRENT ASSETS
Debtors 6 2,750 50,535
Cash at bank 5,716 44,789
8,466 95,324
CREDITORS
Amounts falling due within one year 7 275,143 229,536
NET CURRENT LIABILITIES (266,677 ) (134,212 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

933,344

382,895

CREDITORS
Amounts falling due after more than one
year

8

935,344

373,779
NET (LIABILITIES)/ASSETS (2,000 ) 9,116

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (2,002 ) 9,114
(2,000 ) 9,116

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Midland Property Investments Ltd (Registered number: 11351726)

Balance Sheet - continued
31 May 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 director and authorised for issue on 25 February 2025 and were signed by:





Mrs M Eisenberg - Director


Midland Property Investments Ltd (Registered number: 11351726)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Midland Property Investments Ltd 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.

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.
Computer equipment - 25% on cost

Tangible fixed assets are recorded at cost less any tax, discounts and rebates. Subsequently they are recorded at cost less accumulated depreciation and impairment.

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.

Going concern
The company's financial statements for the year ended 31 May 2024 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Midland Property Investments Ltd (Registered number: 11351726)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023
and 31 May 2024 863
DEPRECIATION
At 1 June 2023 647
Charge for year 216
At 31 May 2024 863
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 216

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 516,891
Additions 683,130
At 31 May 2024 1,200,021
NET BOOK VALUE
At 31 May 2024 1,200,021
At 31 May 2023 516,891

The directors consider the market value of the properties to be not materially different from cost as at 31 May 2024.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,750 50,535

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 309 309
Other creditors 274,834 229,227
275,143 229,536

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 935,344 373,779

Midland Property Investments Ltd (Registered number: 11351726)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans 935,344 373,779

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 935,344 373,779

10. RELATED PARTY DISCLOSURES

Included within other creditors is the directors current account balance of £199,354 (2023: £228,748). There are no fixed repayment terms and no interest is chargeable to the company in respect of this balance.