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MIDSHIRES HOLDINGS LIMITED

Registered Number
09805296
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2025

MIDSHIRES HOLDINGS LIMITED
Company Information
for the year from 1 July 2024 to 30 June 2025

Director | Benjamin Peter Fountain

Company Secretary | Benjamin Peter Fountain

Registered Address | Unit 3-6 Hartburn Close
| Crow Lane Industrial Estate
| Northampton
| NN3 9UE

Registered Number | 09805296 (England and Wales)

MIDSHIRES HOLDINGS LIMITED
Balance Sheet as at
30 June 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Investments | 4 |  |  | 1,969,800 |  |  |  | 1,969,800
Investment property | 3 |  |  | 651,000 |  |  |  | 730,000
|  |  |  | 2,620,800 |  |  |  | 2,699,800
Current assets |  |  |  |  |  |  |  |
Debtors | 5 | 2,645 |  |  |  | 2,299 |  |
Cash at bank and on hand |  | 29,120 |  |  |  | 16,637 |  |
|  | 31,765 |  |  |  | 18,936 |  |
Creditors amounts falling due within one year | 6 | (555,398) |  |  |  | (411,176) |  |
Net current assets (liabilities) |  |  |  | (523,633) |  |  |  | (392,240)
Total assets less current liabilities |  |  |  | 2,097,167 |  |  |  | 2,307,560
Creditors amounts falling due after one year | 7 |  |  | - |  |  |  | (144,852)
Provisions for liabilities | 8 |  |  | (11,862) |  |  |  | (35,357)
Net assets |  |  |  | 2,085,305 |  |  |  | 2,127,351
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 100 |  |  |  | 100
Share premium |  |  |  | 979,901 |  |  |  | 979,901
Other reserves |  |  |  | 46,818 |  |  |  | 106,067
Profit and loss account |  |  |  | 1,058,486 |  |  |  | 1,041,283
Shareholders' funds |  |  |  | 2,085,305 |  |  |  | 2,127,351

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 12 September 2025, and are signed on its behalf by:
Benjamin Peter Fountain Director Registered Company No. 09805296

MIDSHIRES HOLDINGS LIMITED
Notes to the Financial Statements
for the year ended 30 June 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

| Basis of preparation
--- | ---
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Revenue from rendering of services
--- | ---
| Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

| Borrowing costs
--- | ---
| Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

| Finance costs
--- | ---
| Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

| Current taxation
--- | ---
| Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

| Deferred tax
--- | ---
| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

| Investments
--- | ---
| Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

| Investment property
--- | ---
| The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 1 |  | 1

3. | Investment property
--- | ---

|  | £
| Fair value at 01 July 24 | 730,000
| Fair value adjustments | (79,000)
| At 30 June 25 | 651,000

4. | Fixed asset investments
--- | ---

|  | Investments in groups1 |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 July 24 | 1,969,800 |  | 1,969,800
| At 30 June 25 | 1,969,800 |  | 1,969,800
| Net book value
| At 30 June 25 | 1,969,800 |  | 1,969,800
| At 30 June 24 | 1,969,800 |  | 1,969,800

| Notes
--- | ---
| 1Investments in group undertakings and participating interests

5. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Other debtors | 1 |  | 1
| Prepayments and accrued income | 2,644 |  | 2,298
| Total | 2,645 |  | 2,299

6. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 144,852 |  | 4,125
| Amounts owed to related parties | 403,900 |  | 401,400
| Taxation and social security | 3,157 |  | -
| Other creditors | 1,734 |  | 1,384
| Accrued liabilities and deferred income | 1,755 |  | 4,267
| Total | 555,398 |  | 411,176

| Bank loans are secured by a charge on the properties held in the company.

7. | Creditors: amounts due after one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | - |  | 144,852
| Total | - |  | 144,852

8. | Provisions for liabilities
--- | ---
| The deferred taxation balance includes deferred tax charges on investment property revaluations.

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Net deferred tax liability (asset) | 11,862 |  | 35,357
| Total | 11,862 |  | 35,357

9. | Related party transactions
--- | ---
| The company owns 100% of the share capital of Midshires Electrical & Lighting Limited and therefore has not reported transactions with that wholly owned company in accordance with FRS 102.

10. | Controlling party
--- | ---
| The company was under the control of B P Fountain during the year due to his majority shareholding.

11. | Further information regarding the company's financial position
--- | ---
| The profit and loss reverses include other reserves, being non-distributable.