Company Registration No. 10394597 (England and Wales)
Michaelmas House Limited
Unaudited accounts
for the year ended 31 January 2025
Michaelmas House Limited
Unaudited accounts
Contents
Michaelmas House Limited
Company Information
for the year ended 31 January 2025
Company Number
10394597 (England and Wales)
Registered Office
Suite 8
57 High Street
Ibstock
Leicestershire
LE67 6LH
Accountants
Lilley & Co (UK) Limited
Suite 8
57 High Street
Ibstock
Leicestershire
LE67 6LH
Michaelmas House Limited
Statement of financial position
as at 31 January 2025
Intangible assets
12,500
20,000
Cash at bank and in hand
29,302
36,543
Creditors: amounts falling due within one year
(63,028)
(59,420)
Net current liabilities
(16,235)
(5,588)
Total assets less current liabilities
(2,983)
14,857
Creditors: amounts falling due after more than one year
(9,828)
(11,901)
Provisions for liabilities
Net (liabilities)/assets
(12,954)
2,871
Called up share capital
100
100
Profit and loss account
(13,054)
2,771
Shareholders' funds
(12,954)
2,871
For the year ending 31 January 2025 the company was entitled to exemption from audit 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 October 2025 and were signed on its behalf by
Caroline Dwight
Director
Company Registration No. 10394597
Michaelmas House Limited
Notes to the Accounts
for the year ended 31 January 2025
Michaelmas House Limited is a private company, limited by shares, registered in England and Wales, registration number 10394597. The registered office is Suite 8, 57 High Street, Ibstock, Leicestershire, LE67 6LH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is included at cost less accumulated amortisation. It is being amortised over its estimated useful life of ten years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Michaelmas House Limited
Notes to the Accounts
for the year ended 31 January 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
9,972
9,483
Michaelmas House Limited
Notes to the Accounts
for the year ended 31 January 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
2,051
1,999
Trade creditors
4,620
4,367
Other creditors
2,909
2,316
Loans from directors
49,696
46,716
8
Creditors: amounts falling due after more than one year
2025
2024
9
Operating lease commitments
2025
2024
At 31 January 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
24,000
22,000
Later than one year and not later than five years
24,000
48,400
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).