Middle Lane Property Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13082608

Middle Lane Property Ltd

Filleted Unaudited Financial Statements

31 December 2024

Middle Lane Property Ltd

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Investments	4	585,540	585,540

Current assets

Cash at bank and in hand	3	62

Creditors: amounts falling due within one year	5	240,361	238,880
		---------	---------
Net current liabilities		240,358	238,818
		---------	---------
Total assets less current liabilities		345,182	346,722

Creditors: amounts falling due after more than one year	6	355,250	355,250
		---------	---------
Net liabilities		( 10,068)	( 8,528)
		---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 10,069)	( 8,529)
	--------	-------
Shareholders deficit	( 10,068)	( 8,528)
	--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The 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 Act with respect to accounting records and the preparation of financial statements .

Middle Lane Property Ltd

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

Mrs J Orme
Director

Company registration number: 13082608

Middle Lane Property Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Lamorna Court, 43 Wollaton Road, Beeston, Nottingham, NG9 2NG, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The accounts have been prepared on a going concern basis and are subject to the continued support of the director.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for rent, stated net of discounts and of Value Added Tax.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure, and subsequently stated at cost less any accumulated impairment losses.

4. Investments

	Investment property
	£
Cost
At 1 January 2024 and 31 December 2024	585,540
	---------
Impairment
At 1 January 2024 and 31 December 2024	–
	---------

Carrying amount
At 31 December 2024	585,540
	---------
At 31 December 2023	585,540
	---------

5. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	994	1,260
Other creditors	239,367	237,620
	---------	---------
	240,361	238,880
	---------	---------

6. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	355,250	355,250
	---------	---------

Included within creditors: amounts falling due after more than one year is an amount of £355,250 (2023: £355,250) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years.

7. Secured debts

The following secured debt is included within creditors:

	2024	2023
	£	£
Loan	355,250	355,250
	---------	---------

Landbay Partners Limited has a fixed charge over the investment property.