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Company No: 07382345 (England and Wales)

MIDDLETON ADVISORS CORPORATE LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH THE REGISTRAR

MIDDLETON ADVISORS CORPORATE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

Contents

MIDDLETON ADVISORS CORPORATE LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
MIDDLETON ADVISORS CORPORATE LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
DIRECTORS T Hudson
M Parkinson
SECRETARY T Hudson
REGISTERED OFFICE 22 Baker Street
London
W1U 3BW
United Kingdom
COMPANY NUMBER 07382345 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
264 Banbury Road
Oxford
OX2 7DY
United Kingdom
MIDDLETON ADVISORS CORPORATE LIMITED

BALANCE SHEET

AS AT 31 MARCH 2025
MIDDLETON ADVISORS CORPORATE LIMITED

BALANCE SHEET (continued)

AS AT 31 MARCH 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 4 78,434 111,777
78,434 111,777
Current assets
Debtors 5 959,058 787,474
Cash at bank and in hand 857,011 138,678
1,816,069 926,152
Creditors: amounts falling due within one year 6 ( 1,609,384) ( 915,924)
Net current assets 206,685 10,228
Total assets less current liabilities 285,119 122,005
Creditors: amounts falling due after more than one year 7 ( 33,552) ( 39,278)
Provision for liabilities ( 11,068) ( 17,743)
Net assets 240,499 64,984
Capital and reserves
Called-up share capital 8 1,186 1,185
Share premium account 45,640 42,292
Profit and loss account 193,673 21,507
Total shareholders' funds 240,499 64,984

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Middleton Advisors Corporate Limited (registered number: 07382345) were approved and authorised for issue by the Board of Directors on 02 June 2025. They were signed on its behalf by:

T Hudson
Director
MIDDLETON ADVISORS CORPORATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
MIDDLETON ADVISORS CORPORATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Middleton Advisors Corporate Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Baker Street, London, W1U 3BW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Short term benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Share-based payment

Equity-settled share-based payment transactions are measured at fair value at the date of grant. The fair value determined at the grant date of the equity-settled share-based payments is expensed on a straight-line basis over the vesting period, based on the Company’s estimate of shares that will eventually vest and adjusted for the effect of non-market-based vesting conditions.

Fair value is measured by use of the Black Scholes model which is considered by management to be the most appropriate method of valuation. The expected life used in the model has been adjusted, based on management’s best estimate, for the effects of non-transferability, exercise restrictions, and behavioural considerations.

Cancellations or settlements (including those resulting from employee redundancies) are treated as an acceleration of vesting and the amount that would have been recognised over the remaining vesting period is recognised immediately.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 - 4 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 28 27

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2024 1,303,066 1,303,066
At 31 March 2025 1,303,066 1,303,066
Accumulated amortisation
At 01 April 2024 1,303,066 1,303,066
At 31 March 2025 1,303,066 1,303,066
Net book value
At 31 March 2025 0 0
At 31 March 2024 0 0

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2024 251,010 251,010
Additions 24,804 24,804
Disposals ( 3,299) ( 3,299)
At 31 March 2025 272,515 272,515
Accumulated depreciation
At 01 April 2024 139,233 139,233
Charge for the financial year 57,724 57,724
Disposals ( 2,876) ( 2,876)
At 31 March 2025 194,081 194,081
Net book value
At 31 March 2025 78,434 78,434
At 31 March 2024 111,777 111,777

5. Debtors

2025 2024
£ £
Trade debtors 880,592 481,549
Amounts owed by Group undertakings 11,518 11,018
Amounts owed by directors 0 195,037
Prepayments 21,236 32,051
Other debtors 45,712 67,819
959,058 787,474

6. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 0 100,426
Trade creditors 178,169 66,745
Accruals 786,166 492,232
Corporation tax 282,227 30,585
Other taxation and social security 345,108 215,348
Obligations under finance leases and hire purchase contracts 5,734 5,742
Other creditors 11,980 4,846
1,609,384 915,924

7. Creditors: amounts falling due after more than one year

2025 2024
£ £
Obligations under finance leases and hire purchase contracts 33,552 39,278

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
52,321 A ordinary shares of £ 0.01 each 523.21 523.21
52,321 B ordinary shares of £ 0.01 each 523.21 523.21
12,372 C ordinary shares of £ 0.01 each 123.72 123.72
1,546 D ordinary shares of £ 0.01 each 15.46 15.46
1,185.60 1,185.60

9. Financial commitments

Commitments

2025 2024
£ £
Total future minimum lease payments under non-cancellable operating lease 76,146 46,998

10. Related party transactions

Transactions with the entity's directors

Dividends totaling £1,292,491 (2024 - £641,838) were paid in the year in respect of shares held by the company's directors.

At the balance sheet date £Nil (2024 - £195,037) remains due from the directors and is included within current assets. These amounts are repayable on demand, and interest has been charged in line with HMRC's official rate.