4 4 Middleton Holdings Ltd 05330418 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is that of a holding company Digita Accounts Production Advanced 6.30.9574.0 true false true true 05330418 2023-07-01 2024-06-30 05330418 2024-06-30 05330418 bus:OrdinaryShareClass1 2024-06-30 05330418 bus:OrdinaryShareClass2 2024-06-30 05330418 core:CurrentFinancialInstruments 2024-06-30 05330418 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 05330418 core:AllSubsidiaries 2024-06-30 05330418 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-06-30 05330418 bus:SmallEntities 2023-07-01 2024-06-30 05330418 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 05330418 bus:FilletedAccounts 2023-07-01 2024-06-30 05330418 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05330418 bus:RegisteredOffice 2023-07-01 2024-06-30 05330418 bus:Director4 2023-07-01 2024-06-30 05330418 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 05330418 bus:OrdinaryShareClass2 2023-07-01 2024-06-30 05330418 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05330418 core:AllSubsidiaries 2023-07-01 2024-06-30 05330418 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-07-01 2024-06-30 05330418 core:Subsidiary1 2023-07-01 2024-06-30 05330418 core:Subsidiary1 1 2023-07-01 2024-06-30 05330418 core:Subsidiary1 countries:England 2023-07-01 2024-06-30 05330418 countries:England 2023-07-01 2024-06-30 05330418 2023-06-30 05330418 core:CostValuation 2023-06-30 05330418 core:AllSubsidiaries 2023-06-30 05330418 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-06-30 05330418 2022-07-01 2023-06-30 05330418 2023-06-30 05330418 bus:OrdinaryShareClass1 2023-06-30 05330418 bus:OrdinaryShareClass2 2023-06-30 05330418 core:CurrentFinancialInstruments 2023-06-30 05330418 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 05330418 core:AllSubsidiaries 2023-06-30 05330418 core:AllSubsidiaries 2022-07-01 2023-06-30 05330418 core:Subsidiary1 1 2022-07-01 2023-06-30 05330418 2022-06-30 05330418 core:AllSubsidiaries 2022-06-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 05330418

Middleton Holdings Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Middleton Holdings Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Middleton Holdings Ltd

(Registration number: 05330418)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

24,763

24,763

Current assets

 

Debtors

5

137,914

187,439

Net assets

 

162,677

212,202

Capital and reserves

 

Called up share capital

6

24,863

24,863

Retained earnings

137,814

187,339

Shareholders' funds

 

162,677

212,202

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.

Directors' 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 directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 March 2025 and signed on its behalf by:
 

.........................................
D A Brown
Director

 

Middleton Holdings Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
63 Grange Road
Dorridge
Solihull
West Midlands
B93 8QS

These financial statements were authorised for issue by the Board on 14 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Summary of disclosure exemptions

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group..

Going concern

The financial statements have been prepared on a going concern basis.

 

Middleton Holdings Ltd

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

Judgements

Preparation of the financial statements requires management to make significant judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the change takes place if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Middleton Holdings Ltd

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

3

Staff numbers

The average number of persons employed by the company under contracts of service (including directors) during the year, was 4 (2023: 4).

4

Investments

2024
£

2023
£

Investments in subsidiaries

24,763

24,763

Subsidiaries

£

Cost or valuation

At 1 July 2023

24,763

Provision

Carrying amount

At 30 June 2024

24,763

At 30 June 2023

24,763

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Southbourne Investments Limited

63 Grange Road, Dorridge, Solihull, West Midlands, B93 8QS

England

Ordinary £1

100%

100%

Subsidiary undertakings

Southbourne Investments Limited

The principal activity of Southbourne Investments Limited is Property investment.

 

Middleton Holdings Ltd

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

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

7

136,410

187,439

Other debtors

 

1,504

-

   

137,914

187,439

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

24,763

24,763

24,763

24,763

S Ordinary share of £100 each

1

100

1

100

24,764

24,863

24,764

24,863

7

Related party transactions

 

Middleton Holdings Ltd

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

Dividends paid to directors

2024
£

2023
£

R M Brown

Dividend

69,335

21,316

 

 

A E D Brown

Dividend

17,335

45,469

 

 

Loans to related parties

2024

Subsidiary
£

Key management
£

Total
£

At start of period

187,439

-

187,439

Advanced

86,671

1,504

88,175

Repaid

(137,700)

-

(137,700)

At end of period

136,410

1,504

137,914

2023

Subsidiary
£

Total
£

At start of period

26,900

26,900

Advanced

227,324

227,324

Repaid

(66,785)

(66,785)

At end of period

187,439

187,439

Terms of loans to related parties

Interest free loan repayable on demand