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REGISTERED NUMBER: 07932631 (England and Wales)

Financial Statements for the Year Ended 30 April 2025

for

The Midas Cut Limited

The Midas Cut Limited (Registered number: 07932631)

Contents of the Financial Statements

for the Year Ended 30 April 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

The Midas Cut Limited

Company Information

for the Year Ended 30 April 2025

| DIRECTOR: | Mrs S A Williams

| REGISTERED OFFICE: | 10 Gloucester Road

| Bagshot

| Surrey

| GU19 5LR

| REGISTERED NUMBER: | 07932631 (England and Wales)

| ACCOUNTANT: | CSL Partnership Limited

| Chartered Certified Accountants

| 238 Station Road

| Addlestone

| Surrey

| KT15 2PS

The Midas Cut Limited (Registered number: 07932631)

Balance Sheet

30 April 2025

| 30.4.25 |  | 30.4.24

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 5 | 3,000 |  | 3,000 |  |

Cash at bank | 2,117 |  | 3,485 |  |

5,117 |  | 6,485 |  |

CREDITORS

Amounts falling due within one year | 6 | (4,958 | ) | (4,843 | ) |

NET CURRENT ASSETS | 159 |  | 1,642 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 159 |  | 1,642 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Retained earnings | 158 |  | 1,641 |  |

SHAREHOLDERS' FUNDS | 159 |  | 1,642 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 7 October 2025 and were signed by:

Mrs S A Williams - Director

The Midas Cut Limited (Registered number: 07932631)

Notes to the Financial Statements

for the Year Ended 30 April 2025

1. | STATUTORY INFORMATION

| The Midas Cut 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.

| 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.

| Revenue

| Revenue is measured at fair value and represents revenues receivable under contracts net of value added tax. Where contractual obligations have been partially performed at the balance sheet date, revenue is recognised to the extent that the company has obtained the right to consideration through its performance.

| Tangible fixed assets

| Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:

| Plant and machinery - 33% on cost

| Computer equipment - 33% on cost

| On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the income statement.

| 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.

The Midas Cut Limited (Registered number: 07932631)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

3. | EMPLOYEES AND DIRECTORS

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

4. | PROPERTY, PLANT AND EQUIPMENT

| Plant and |  | Computer |

| machinery |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 May 2024

| and 30 April 2025 | 265 |  | 1,535 |  | 1,800 |  |

| DEPRECIATION

| At 1 May 2024

| and 30 April 2025 | 265 |  | 1,535 |  | 1,800 |  |

| NET BOOK VALUE

| At 30 April 2025 | - |  | - |  | - |  |

| At 30 April 2024 | - |  | - |  | - |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.4.25 |  | 30.4.24

£ | £ |

| Other debtors | 3,000 |  | 3,000 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.4.25 |  | 30.4.24

£ | £ |

| Tax | 3,992 |  | 4,192 |  |

| Directors' current accounts | 367 |  | 11 |  |

| Accrued expenses | 599 |  | 640 |  |

4,958 |  | 4,843 |  |

7. | RELATED PARTY DISCLOSURES

| At the year end the director was owed £367 (2024 - £11) in respect of her director's loan account.

| The loan is interest free and repayable on demand.