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COMPANY REGISTRATION NUMBER: 05835892
Middleton Group Services Limited
Unaudited Abridged Financial Statements
31 March 2024
Middleton Group Services Limited
Abridged Financial Statements
Year ended 31 March 2024
Contents
Pages
Officers and professional advisers
1
Directors' report
2
Abridged statement of income and retained earnings
3
Abridged statement of financial position
4 to 5
Notes to the abridged financial statements
6 to 8
Middleton Group Services Limited
Officers and Professional Advisers
The Board of Directors
S. Harris
B. E. Swayne
Company Secretary
B.E. Swayne
Registered Office
Beverley House
15 Newbridge avenue
Wolverhampton
StaffordshireWest Midlands
WV6 0LW
Middleton Group Services Limited
Directors' Report
Year ended 31 March 2024
The directors present their report and the unaudited abridged financial statements of the company for the year ended 31 March 2024 .
Directors
The directors who served the company during the year were as follows:
B. E. Swayne
S. Harris
(Appointed 12 April 2023)
The directors did not have a material interest in any trading contract to which the company was a party during the financial year.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 25 June 2025 and signed on behalf of the board by:
B.E. Swayne
Company Secretary
Registered office:
Beverley House
15 Newbridge avenue
Wolverhampton
StaffordshireWest Midlands
WV6 0LW
Middleton Group Services Limited
Abridged Statement of Income and Retained Earnings
Year ended 31 March 2024
2024
2023
Note
£
£
Gross profit
Administrative expenses
( 13,409)
1,473
---------
---------
Operating profit/(loss)
13,409
( 1,473)
Income from other fixed asset investments
13,582
Other interest receivable and similar income
5,752
3,946
Interest payable and similar expenses
( 6,687)
6,687
---------
---------
Profit/(loss) before taxation
4
39,430
( 4,214)
Tax on profit/(loss)
4,880
( 1,168)
---------
---------
Profit/(loss) for the financial year and total comprehensive income
34,550
( 3,046)
---------
---------
Retained earnings at the start of the year
691,088
694,134
---------
---------
Retained earnings at the end of the year
725,638
691,088
---------
---------
All the activities of the company are from continuing operations.
Middleton Group Services Limited
Abridged Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Investments
5
693,012
243,077
Current assets
Debtors
22,848
453,952
Cash at bank and in hand
15,655
15,691
---------
---------
38,503
469,643
Creditors: amounts falling due within one year
5,876
22,902
---------
---------
Net current assets
32,627
446,741
---------
---------
Total assets less current liabilities
725,639
689,818
Provisions
Taxation including deferred tax
( 1,271)
---------
---------
Net assets
725,639
691,089
---------
---------
Capital and reserves
Called up share capital
6
1
1
Profit and loss account
725,638
691,088
---------
---------
Shareholders funds
725,639
691,089
---------
---------
These abridged financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 March 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 abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.
Middleton Group Services Limited
Abridged Statement of Financial Position (continued)
31 March 2024
These abridged financial statements were approved by the board of directors and authorised for issue on 25 June 2025 , and are signed on behalf of the board by:
B. E. Swayne
Director
Company registration number: 05835892
Middleton Group Services Limited
Notes to the Abridged Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Beverley House, 15 Newbridge avenue, Wolverhampton, WV6 0LW, StaffordshireWest Midlands.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention.
Judgements and key sources of estimation uncertainty
Taxation Deferred tax liabilities are generally provided for in full and deferred tax assets are recognised to the extent that it is judged probable that future taxable profit will arise against which the temporary differences will be utilised.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial assets and financial liabilities are recognised on the Company's balance sheet when the Company becomes a party to the contractual provisions of the instrument. Cash and cash equivalents Cash and cash equivalents comprise cash in hand and demand deposits, and other short term highly liquid investments that are readily recoverable to a known amount of cash and are subject to an insignificant risk of changes in value. Financial liabilities and equity 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.
4. Profit before taxation
Profit before taxation is stated after charging/crediting:
2024
2023
£
£
Fair value adjustments to financial assets measured at fair value through profit or loss
( 6,687)
6,687
---------
---------
5. Investments
£
Cost
At 1 April 2023
249,764
Additions
443,248
---------
At 31 March 2024
693,012
---------
Impairment
At 1 April 2023
6,687
Impairment losses
( 6,687)
---------
At 31 March 2024
---------
Carrying amount
At 31 March 2024
693,012
---------
At 31 March 2023
243,077
---------
6. Called up share capital
Issued, called up and fully paid
2024
2023
No
£
No
£
Ordinary shares of £ 0.10 each
10
1
10
1
---------
---------
---------
---------
Ordinary shares are voting and ranked pari passu and have no restrictions on the distribution of dividends and the repayment of capital.
7. Capital commitments
The director has confirmed that there were no capital commitments at 31 March 2024.
8. Directors' advances, credits and guarantees
Amounts due to the directors at the year end amounted to £1,766 (2023: £1,766).
9. Related party transactions
The company was under the control of the director throughout the current and previous year. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.