Midland Counties Canine Society Limited

Registered number

11675041

Filleted Accounts

28 February 2025

Midland Counties Canine Society Limited
Registered number:		11675041
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		94			125
Investments	4		459,499			439,799
			459,593			439,924

Current assets
Debtors	5	6,578			6,757
Cash at bank and in hand		189,230			158,509
		195,808			165,266

Creditors: amounts falling due within one year	6	(1,369)			(967)

Net current assets			194,439			164,299

Net assets			654,032			604,223

Capital and reserves
Profit and loss account			654,032			604,223

Shareholders' funds			654,032			604,223

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




J A Randall
Director
Approved by the board on 21 March 2025

Midland Counties Canine Society Limited
Notes to the Accounts
for the year ended 28 February 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover comprises show fees received or receivable relating to the period. Turnover is shown net of value added tax, returns, rebates and discounts. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Show fencing and banners	25% reducing balance
	Containers	25% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		3		3


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 March 2024				395
	At 28 February 2025				395

	Depreciation
	At 1 March 2024				270
	Charge for the year				31
	At 28 February 2025				301

	Net book value
	At 28 February 2025				94
	At 29 February 2024				125


4	Investments

Other
investments
£
	Cost or valuation
	At 1 March 2024				439,799
	Revaluation				23,000
	Disposals and transfers				(3,300)

	At 28 February 2025				459,499


5	Debtors		2025		2024
£				£

	Trade debtors		1,867		-
	Other debtors		4,711		6,757
			6,578		6,757


6	Creditors: amounts falling due within one year		2025		2024
£				£

	Taxation and social security costs		568		166
	Other creditors		801		801
			1,369		967


7	Other information

	Midland Counties Canine Society Limited is a private company limited by guarantee, incorporated in England and Wales, and consquently does not have share capital.
	Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation. The address of the registered office is:
	Pen Bryn Llech
	Llanrhaeadr
	Denbigh
	LL16 4PH