MIDSOMER PROJECTS LTD

Company Registration Number:
05558190 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

MIDSOMER PROJECTS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

MIDSOMER PROJECTS LTD

Balance sheet

As at 31 December 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 415,000 415,000
Investments: 4 566,562 566,562
Total fixed assets: 981,562 981,562
Current assets
Stocks: 349,097 349,097
Debtors: 5 2,714,701 1,687,322
Cash at bank and in hand: 27,897 10,472
Total current assets: 3,091,695 2,046,891
Creditors: amounts falling due within one year: 6 (3,246,324) (2,272,812)
Net current assets (liabilities): (154,629) (225,921)
Total assets less current liabilities: 826,933 755,641
Total net assets (liabilities): 826,933 755,641
Capital and reserves
Called up share capital: 100,100 100,100
Revaluation reserve:7220,216220,216
Profit and loss account: 506,617 435,325
Shareholders funds: 826,933 755,641

The notes form part of these financial statements

MIDSOMER PROJECTS LTD

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 March 2025
and signed on behalf of the board by:

Name: AG Broadway
Status: Director

The notes form part of these financial statements

MIDSOMER PROJECTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MIDSOMER PROJECTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

MIDSOMER PROJECTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 415,000
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2024 415,000
Depreciation
At 01 January 2024 0
Charge for year 0
On disposals 0
Other adjustments 0
At 31 December 2024 0
Net book value
At 31 December 2024 415,000
At 31 December 2023 415,000

MIDSOMER PROJECTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Fixed investments

Investments in redeemable preference shares

MIDSOMER PROJECTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 2,714,701 1,687,322

MIDSOMER PROJECTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due within one year note

Group undertakings: £2,197,122, Related party: £733,471, Other creditors: £27,136, Financial liabilities: £160,000 & Other taxes and social security: £128,595 (Total: £3,246,324)

MIDSOMER PROJECTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Revaluation reserve

2024
£
Balance at 01 January 2024 220,216
Surplus or deficit after revaluation 0
Balance at 31 December 2024 220,216

MIDSOMER PROJECTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

8. Related party transactions

Name of the related party: Oval Estates (Bath) Limited
Relationship:
Oval Estates (Bath) Limited is the parent company.
Description of the Transaction: As at 31 December 2024, Midsomer Projects owed Oval Estates (Bath) Limited £ 733,471 (2023; 744,782) This is enclosed in creditors due within one year.
£
Balance at 01 January 2024 744,782
Balance at 31 December 2024 733,471