Registration number:
Middleton Capital Limited
for the Year Ended 31 August 2024
Middleton Capital Limited
(Registration number: 13558658)
Balance Sheet as at 31 August 2024
Note |
2024 |
2023 |
|
Current assets |
|||
Other financial assets |
36,942 |
277,011 |
|
Cash at bank |
- |
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net liabilities |
( |
( |
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Retained earnings |
( |
( |
|
Shareholders' deficit |
( |
( |
For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
|
• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.
.........................................
Mr A E A Bell
Director
Middleton Capital Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024
Accounting policies |
Statutory information
Middleton Capital Limited is a private company, limited by shares, domiciled in England and Wales, company number 13558658. The registered office is at Victoria Mill Stables, Buxton Road, Bakewell, Derbyshire, DE45 1DA.
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 periods presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
Going concern
After due consideration of all relevant factors, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly he continues to adopt the going concern basis in preparing the annual report and accounts.
Investments
Investments in shares are included at fair value.
Financial instruments
Staff numbers |
The average number of persons employed by the company during the year was
Middleton Capital Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)
Other financial assets (current and non-current) |
Financial assets at fair value through profit and loss |
|
Current financial assets |
|
Valuation |
|
At 1 September 2023 |
277,011 |
Fair value adjustments |
(11,880) |
Disposals |
(233,014) |
Dividends reinvested |
4,825 |
At 31 August 2024 |
36,942 |
Carrying amount |
|
At 31 August 2024 |
|
At 31 August 2023 |
|
The historical cost of the current financial assets is £42,385 (2023 : £270,683).
Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
|
Due within one year |
||
Accruals and deferred income |
|
|
Other creditors |
- |
2,300 |
Director's loan account |
895,770 |
1,110,345 |
|
|
Middleton Capital Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
|||
No. |
£ |
No. |
£ |
|
|
|
76 |
|
76 |
|
|
24 |
|
24 |
|
|
|
|
Related party transactions |
Included in creditors is a loan from the director. At the balance sheet date the amount due to the director was £895,770 (2023 : £1,110,345). The loan is interest free.