Middleton Barton Asset Valuation Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10097468 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MIDDLETON BARTON ASSET VALUATION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs A J Duckworth

REGISTERED OFFICE:

Eagle Tower Chapel Lane

Heapey

Chorley

Lancashire

PR6 8EW

REGISTERED NUMBER:

10097468 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Intangible assets

4

188,750

218,750

Tangible assets

5

45,726

62,831

Investments

6

21,500

255,976

303,081

CURRENT ASSETS

Debtors

7

735,214

838,540

Cash at bank

699,015

185,615

1,434,229

1,024,155

CREDITORS

Amounts falling due within one year

8

939,581

604,697

NET CURRENT ASSETS

494,648

419,458

TOTAL ASSETS LESS CURRENT
LIABILITIES

750,624

722,539

CREDITORS

Amounts falling due after more than one
year

9

(64,731

)

(142,630

)

PROVISIONS FOR LIABILITIES

10

(175

)

(3,732

)

NET ASSETS

685,718

576,177

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

685,618

576,077

685,718

576,177

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 her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

Mrs A J Duckworth - Director

1.	STATUTORY INFORMATION

Middleton Barton Asset Valuation 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 2020, is being amortised evenly over its estimated useful life of ten 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.

Tangible fixed assets

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

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern

The Director believes that the company has sufficient trade and financial resources to continue in operational existence for the foreseeable future. Thus the going concern basis of accounting in preparing the annual financial statements has been adopted.

Fixed asset investments

Fixed asset investments are shown at cost less provision for impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

300,000

AMORTISATION

At 1 January 2024

81,250

Charge for year

30,000

At 31 December 2024

111,250

NET BOOK VALUE

At 31 December 2024

188,750

At 31 December 2023

218,750

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 January 2024

119,414

6,722

126,136

Additions

-

1,222

At 31 December 2024

119,414

7,944

127,358

DEPRECIATION

At 1 January 2024

60,725

2,580

63,305

Charge for year

16,768

1,559

18,327

At 31 December 2024

77,493

4,139

81,632

NET BOOK VALUE

At 31 December 2024

41,921

3,805

45,726

At 31 December 2023

58,689

4,142

62,831

6.	FIXED ASSET INVESTMENTS

Interest

in joint

venture

£

COST

At 1 January 2024

and 31 December 2024

21,500

NET BOOK VALUE

At 31 December 2024

21,500

At 31 December 2023

21,500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

Trade debtors

166,795

52,840

Amounts owed by group undertakings

139,662

9,371

Other debtors

421,918

161,763

Prepayments and accrued income

6,839

614,566

735,214

838,540

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

Bank loans and overdrafts

57,375

99,155

Hire purchase contracts

20,523

23,290

Trade creditors

21,551

13,848

Tax

95,740

126,890

Social security and other taxes

6,101

6,148

VAT

80,856

36,117

Other creditors

585,215

236,249

Accruals and deferred income

72,220

63,000

939,581

604,697

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/12/24

31/12/23

£

Bank loans - 1-2 years

28,203

57,411

Bank loans - 2-5 years

2,333

30,500

Hire purchase contracts

34,195

54,719

64,731

142,630

10.	PROVISIONS FOR LIABILITIES

31/12/24

31/12/23

£

Deferred tax

175

3,732

Deferred

tax

£

Balance at 1 January 2024

3,732

Credit to Income Statement during year

(3,557

)

Balance at 31 December 2024

175

11.	RELATED PARTY DISCLOSURES

During the year, the following companies, registered in England and Wales, were considered to be related parties, being under the common control of the director:

- Turnaround Consultancy Limited

- Eagle Tower Properties Limited

- T & A Consultancy Limited

- Duckworth Property Limited

The company received services from Turnaround Consultancy Limited during the year totalling £22,890 excl. VAT (2023: £Nil). As at 31 December 2024, the company was owed £25,897 (2023: £25,897) from Turnaround Consultancy Limited.

The company received services from Eagle Tower Properties Limited during the year totalling £21,910 excl. VAT (2023: £13,058). As at 31 December 2024, the company owed Eagle Tower Properties Limited £41,131 (2023: £41,131).

The company received services from T & A Consultancy Limited during the year totalling £107,900 excl. VAT (2023: £52,068). As at 31 December 2024, the company was owed £100,206 (2023: £Nil) from T & A Consultancy Limited.

During the year, £106,600 was loaned by the company to Duckworth Properties Limited. As at 31 December 2024, the company was owed £106,600 (2023 - £Nil) from Duckworth Properties Limited.

All amounts are repayable on demand and no interest has been charged.