Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 00943837 Miss N Swift Mr A Stott Ms D Brough Ms S Arblaster Mr R Hargreaves true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00943837 2023-12-31 00943837 2024-12-31 00943837 2024-01-01 2024-12-31 00943837 frs-core:RevaluationReserve 2023-12-31 00943837 frs-core:RevaluationReserve 2024-12-31 00943837 frs-core:ShareCapital 2024-12-31 00943837 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 00943837 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00943837 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 00943837 frs-bus:SmallEntities 2024-01-01 2024-12-31 00943837 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 00943837 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 00943837 1 2024-01-01 2024-12-31 00943837 frs-bus:Director1 2024-01-01 2024-12-31 00943837 frs-bus:Director2 2024-01-01 2024-12-31 00943837 frs-bus:Director3 2024-01-01 2024-12-31 00943837 frs-bus:Director4 2024-01-01 2024-12-31 00943837 frs-bus:Director5 2024-01-01 2024-12-31 00943837 frs-countries:EnglandWales 2024-01-01 2024-12-31 00943837 2022-12-31 00943837 2023-12-31 00943837 2023-01-01 2023-12-31 00943837 frs-core:RevaluationReserve 2023-12-31 00943837 frs-core:ShareCapital 2023-12-31 00943837 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 00943837
Middle Hill Estates Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2024
Shelvoke, Pickering, Janney LLP
Chartered Certified Accountants
57 - 61 Market Place
Cannock
Staffordshire
WS11 1BP
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 00943837
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 500,000 500,000
500,000 500,000
CURRENT ASSETS
Debtors - 3,085
Cash at bank and in hand 52,042 44,347
52,042 47,432
Creditors: Amounts Falling Due Within One Year (4,288 ) (3,869 )
NET CURRENT ASSETS (LIABILITIES) 47,754 43,563
TOTAL ASSETS LESS CURRENT LIABILITIES 547,754 543,563
NET ASSETS 547,754 543,563
CAPITAL AND RESERVES
Called up share capital 5 27,500 27,500
Revaluation reserve 6 480,000 480,000
Profit and Loss Account 40,254 36,063
SHAREHOLDERS' FUNDS 547,754 543,563
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For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr A Stott
Director
31 March 2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Middle Hill Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00943837 . The registered office is Hideaway, Trelion, Granpound Road, Truro, TR2 4ES.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue received or receivable in respect of rents due on the freehold property owned.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 500,000
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 27,500 27,500
6. Reserves
Revaluation Reserve
£
As at 1 January 2024 480,000
As at 31 December 2024 480,000
7. Ultimate Controlling Party
The company's ultimate controlling party is under the board or directors by virtue of their ownership of 100% of the issued share capital in the company.
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