Company registration number 01825549 (England and Wales)
MIDAS ESTATE MANAGEMENT LIMITED
(A COMPANY LIMITED BY GUARANTEE)
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
MIDAS ESTATE MANAGEMENT LIMITED
(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
MIDAS ESTATE MANAGEMENT LIMITED
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
4
2,607
2,367
Cash at bank and in hand
10,336
22,468
12,943
24,835
Creditors: amounts falling due within one year
5
(7,007)
(12,222)
Net current assets
5,936
12,613
Reserves
Income and expenditure account
5,936
12,613
Total members' funds
5,936
12,613

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the income and expenditure account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 4 September 2025
R I Jeffries
Director
Company registration number 01825549 (England and Wales)
MIDAS ESTATE MANAGEMENT LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Midas Estate Management Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Charles Works, Unit 8, Sterling Industrial Estate, Rainham Road South, Dagenham, Essex, RM10 8TX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Income and expenditure

Income represents amounts receivable for service charges and is shown net of VAT. Service charges are payable at the commencement of the year and where services charges are received in advance the amount is recorded as deferred income and included as part of creditors due within one year.

.

1.3
Financial instruments

The company has the following basic financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

MIDAS ESTATE MANAGEMENT LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
-
0
-
0
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
159
-
0
Prepayments and accrued income
2,448
2,367
2,607
2,367
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
-
0
276
Other creditors
-
0
2,650
Accruals and deferred income
7,007
9,296
7,007
12,222
6
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

7
Directors' transactions

R I Jeffries has charged the company a secretarial fee of £3,000 (2024 - £2,500) for the year under review.

2025-03-31 2024-04-01 false false false 04 September 2025 CCH Software CCH Accounts Production 2025.100 No description of principal activity R I Jeffries R I Jeffries 01825549 2024-04-01 2025-03-31 01825549 2025-03-31 01825549 2024-03-31 01825549 core:RetainedEarningsAccumulatedLosses 2025-03-31 01825549 core:RetainedEarningsAccumulatedLosses 2024-03-31 01825549 bus:Director1 2024-04-01 2025-03-31 01825549 2023-04-01 2024-03-31 01825549 core:CurrentFinancialInstruments 2025-03-31 01825549 core:CurrentFinancialInstruments 2024-03-31 01825549 bus:CompanyLimitedByGuarantee 2024-04-01 2025-03-31 01825549 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01825549 bus:FRS102 2024-04-01 2025-03-31 01825549 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 01825549 bus:CompanySecretary1 2024-04-01 2025-03-31 01825549 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP