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REGISTERED NUMBER: 07943787 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Midelton Limited

Midelton Limited (Registered number: 07943787)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Midelton Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mr J Baker
Mrs M Baker





SECRETARY: Mr J Baker





REGISTERED OFFICE: Lovel House
Upton Noble
Shepton Mallett
Somerset
BA4 6BA





REGISTERED NUMBER: 07943787 (England and Wales)





ACCOUNTANTS: Emsdens Limited - Chartered Certified Accountants
Ladbrook Close
Elmsett
Ipswich
Suffolk
IP7 6LD

Midelton Limited (Registered number: 07943787)

Statement of Financial Position
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Investments 5 403,272 403,272
403,272 403,272

CURRENT ASSETS
Debtors 6 16,317 29,288
Cash at bank 13,087 366
29,404 29,654
CREDITORS
Amounts falling due within one year 7 35,371 66,956
NET CURRENT LIABILITIES (5,967 ) (37,302 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

397,305

365,970

CREDITORS
Amounts falling due after more than one
year

8

227,410

235,448
NET ASSETS 169,895 130,522

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 169,795 130,422
SHAREHOLDERS' FUNDS 169,895 130,522

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Midelton Limited (Registered number: 07943787)

Statement of Financial Position - continued
31 March 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 May 2025 and were signed on its behalf by:




Mr J Baker - Director



Mrs M Baker - Director


Midelton Limited (Registered number: 07943787)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Midelton Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Midelton Limited (Registered number: 07943787)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 25,000
AMORTISATION
At 1 April 2024
and 31 March 2025 25,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2024
and 31 March 2025 403,272
NET BOOK VALUE
At 31 March 2025 403,272
At 31 March 2024 403,272

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 14,830 29,288
Other debtors 1,487 -
16,317 29,288

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 27,164 47,170
Tax 4,330 3,069
Social security and other taxes 2,877 15,717
Other creditors 1,000 1,000
35,371 66,956

Midelton Limited (Registered number: 07943787)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Other creditors 227,410 235,448

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2024 130,422
Profit for the year 79,373
Dividends (40,000 )
At 31 March 2025 169,795

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J Baker.

The ultimate controlling party is Mr J Baker.

12. MANAGEMENT CHARGE

A management charge is made to subsidiary companies in order to fairly apportion the management costs between them.