REGISTERED NUMBER: 07456543 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MEDSTROM FINANCE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D B G Belli

REGISTERED OFFICE:

2 Cygnus Court

Beverley Road

Pegasus Business Park

Castle Donnington

Derbyshire

LE74 2SA

REGISTERED NUMBER:

07456543 (England and Wales)

ACCOUNTANTS:

Magma Audit LLP

Unit 2 Charnwood Edge Business Park

Syston Road, Leicester

LE7 4UZ

Magma Audit LLP is part

Of the Dains Group

FIXED ASSETS

Intangible assets

4

7,500

11,250

Investment property

5

725,000

800,000

732,500

811,250

CURRENT ASSETS

Debtors

6

1,123

10,773

Cash at bank

8,443

9,198

9,566

19,971

CREDITORS

Amounts falling due within one year

7

(2,080

)

(1,920

)

NET CURRENT ASSETS

7,486

18,051

TOTAL ASSETS LESS CURRENT LIABILITIES

739,986

829,301

PROVISIONS FOR LIABILITIES

(6,000

)

(24,750

)

NET ASSETS

733,986

804,551

CAPITAL AND RESERVES

Called up share capital

20

20

Fair value reserve

8

60,320

135,320

Retained earnings

673,646

669,211

733,986

804,551

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2025 and were signed by:

Mr D B G Belli - Director

1.	STATUTORY INFORMATION

Medstrom Finance Ltd is a limited company, registered in England and Wales. Its registered office address is 2 Cygnus Court, Beverley Road, Pegasus Business Park, Castle Donnington, Derbyshire, LE74 2SA and the registered number is 07456543.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 presentation currency of the financial statements is the Pound Sterling (£), and figures are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover is derived from the trade of goods and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of goods

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

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.

Debenture loans are being amortised evenly over their estimated useful life of eight years.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised within the revaluation reserve.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors 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 payments discounted at a market rate of interest.

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Debenture

loan

£

COST

At 1 January 2024

and 31 December 2024

30,000

AMORTISATION

At 1 January 2024

18,750

Amortisation for year

3,750

At 31 December 2024

22,500

NET BOOK VALUE

At 31 December 2024

7,500

At 31 December 2023

11,250

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

800,000

Revaluations

(75,000

)

At 31 December 2024

725,000

NET BOOK VALUE

At 31 December 2024

725,000

At 31 December 2023

800,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out by a Director.

Fair value at 31 December 2024 is represented by:

£

Valuation in 2021

135,320

Valuation in 2024

(75,000

)

Cost

664,680

725,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

790

2,063

Directors' current accounts

333

8,441

VAT

-

269

1,123

10,773

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

160

-

Accruals and deferred income

1,920

1,920

2,080

1,920

8.

RESERVES

Fair

value

reserve

£

At 1 January 2024

135,320

Revaluation

(75,000

)

At 31 December 2024

60,320

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr D B G Belli

Balance outstanding at start of year

8,441

(77

)

Amounts advanced

19,764

37,874

Amounts repaid

(27,872

)

(29,356

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

333

8,441