REGISTERED NUMBER: 06542939 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Midlands UK Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr A O'Reilly

REGISTERED OFFICE:

c/o Parker Cavendish, Suite 301

Stanmore Business and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

REGISTERED NUMBER:

06542939 (England and Wales)

ACCOUNTANTS:

Parker Cavendish

Chartered Accountants

Suite 301, Stanmore Business

and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

FIXED ASSETS

Tangible assets

4

278

371

Investments

5

1,498,704

-

1,498,982

371

CURRENT ASSETS

Debtors

6

673,729

2,621,365

Cash at bank and in hand

260,094

132,281

933,823

2,753,646

CREDITORS

Amounts falling due within one year

7

(97,560

)

(316,450

)

NET CURRENT ASSETS

836,263

2,437,196

TOTAL ASSETS LESS CURRENT LIABILITIES

2,335,245

2,437,567

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

2,334,245

2,436,567

SHAREHOLDERS' FUNDS

2,335,245

2,437,567

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 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 30 September 2025 and were signed by:

Mr A O'Reilly - Director

1.	STATUTORY INFORMATION

Midlands UK Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

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

Turnover is recognised when the service is provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Fixed asset investments

Interests in listed investments are initially measured at transaction price excluding transaction costs, and are

subsequently measured at fair value at each reporting date. Transaction costs are expensed to the profit and loss account as incurred. Changes in fair value are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

6,573

DEPRECIATION

At 1 April 2024

6,202

Charge for year

93

At 31 March 2025

6,295

NET BOOK VALUE

At 31 March 2025

278

At 31 March 2024

371

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

2,227,876

Disposals

(729,172

)

At 31 March 2025

1,498,704

NET BOOK VALUE

At 31 March 2025

1,498,704

If fixed asset investments were shown at fair value the amount would also have been £1,498,704.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

480,000

Other debtors

673,729

2,141,365

673,729

2,621,365

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

4,396

-

Taxation and social security

89,264

312,990

Other creditors

3,900

3,460

97,560

316,450

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other debtors at the year end is an amount due from the director Mr A O'Reilly of £131,727 (2024: £2,141,365). Interest of £18,866 (2024: £25,132) was charged on the overdrawn balance at a rate of between 2.00% to 2.25%.

The following advances took place during the year which were deemed material and exceeded £10,000:

May 2024

£12,122

June 2024

£11,071

March 2025

£25,228

There have been no advances which individually were considered material and no advances exceeding £10,000 to the director.

The overdrawn balance was repaid during September 2025.

9.	RELATED PARTY DISCLOSURES

Included within other debtors at the year end is an amount of £542,001 (2024: £nil) due to O R Developments Ltd, a company in which Mr A O'Reilly is a director and shareholder. The amount has been provided unsecured, interest free and is repayable on demand.