Registered number
15229040
MIDDLEWICH PROPERTIES LIMITED
Filleted Accounts
31 October 2024
MIDDLEWICH PROPERTIES LIMITED
Registered number: 15229040
Balance Sheet
as at 31 October 2024
Notes 2024
£
Fixed assets
Tangible assets 3 3,344,227
Current assets
Debtors 4 6,251
Cash at bank and in hand 100
6,351
Creditors: amounts falling due within one year 5 (3,351,653)
Net current liabilities (3,345,302)
Net liabilities (1,075)
Capital and reserves
Called up share capital 100
Profit and loss account (1,175)
Shareholders' funds (1,075)
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.
Mr Martin Flannery
Director
Approved by the board on 18 July 2025
MIDDLEWICH PROPERTIES LIMITED
Notes to the Accounts
for the period from 23 October 2023 to 31 October 2024
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rent of the land and property. Turnover from the rent of the land and property is recognised by reference to the period relates to the company financial year.
Investment property
Investment property is included at fair value. Gains are recognised in the Income statement. Deferred Taxation is provided on these gains at the rate expected to apply when the property is sold.
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.
2 Employees 2024
Number
Average number of persons employed by the company 3
3 Tangible fixed assets
Land and buildings
£
Cost
Additions 3,344,227
At 31 October 2024 3,344,227
Depreciation
At 31 October 2024 -
Net book value
At 31 October 2024 3,344,227
Freehold land and buildings: 2024
£
Historical cost 3,344,227
Cumulative depreciation based on historical cost -
3,344,227
Land and buildings comprise an Investment property which is valued on the basis of its fair value as at 31 October 2024 by the company's internally qualified personnel based on the sales values of similar land and properties in the area.
4 Debtors 2024
£
VAT refund receivable 6,251
5 Creditors: amounts falling due within one year 2024
£
Trade creditors 87,167
Amounts owed to related company Note 6 3,263,286
Other creditors 1,200
3,351,653
6 Related party transactions
Mr Martin Flannery, Mr Patrick Flannery and Mr Paul Flannery are the directors of Flannery Capital Limited. As at the balance sheet date, the amount owed to Flannery Capital Limited was £3,176,330. There are no fixed terms of repayment.

Mr Martin Flannery, Mr Patrick Flannery and Mr Paul Flannery are the directors of P. Flannery Plant Hire (Oval) Limited. As at the balance sheet date, the amount owed to P. Flannery Plant Hire (Oval) Limited was £86,957. There are no fixed terms of repayment.
7 Other information
MIDDLEWICH PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
27A Maxwell Road
Northwood
Middlesex
HA6 2XY
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