Company registration number 02719602 (England and Wales)
MIDHOLM CLOSE RESIDENTS LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 19 FEBRUARY 2025
MIDHOLM CLOSE RESIDENTS LTD
COMPANY INFORMATION
Directors
M Rzemieniecka
D Green
(Appointed 17 November 2024)
Secretary
L M C Tant
Company number
02719602
Registered office
C/o Tant Building Management Ltd
Highstone House
165 High Street
Barnet
EN5 5SU
Accountants
Moore Northern Home Counties Limited
73-75 High Street
Stevenage
Hertfordshire
SG1 3HR
MIDHOLM CLOSE RESIDENTS LTD
CONTENTS
Page
Directors' report
1
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 7
MIDHOLM CLOSE RESIDENTS LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 19 FEBRUARY 2025
- 1 -

The directors present their annual report and financial statements for the year ended 19 February 2025.

Principal activities

The principal activity of the company during the year was the management of the long leasehold interest in Midholm Close London NW11.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

L De Giorgi
(Resigned 17 December 2024)
M Rzemieniecka
D Green
(Appointed 17 November 2024)
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
M Rzemieniecka
Director
16 October 2025
MIDHOLM CLOSE RESIDENTS LTD
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MIDHOLM CLOSE RESIDENTS LTD FOR THE YEAR ENDED 19 FEBRUARY 2025
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Midholm Close Residents Ltd for the year ended 19 February 2025 which comprise the profit and loss account, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Midholm Close Residents Ltd, as a body, in accordance with the terms of our engagement letter dated 8 February 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Midholm Close Residents Ltd and state those matters that we have agreed to state to the b oard of d irectors of Midholm Close Residents Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Midholm Close Residents Ltd and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Midholm Close Residents Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of Midholm Close Residents Ltd. You consider that Midholm Close Residents Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Midholm Close Residents Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

SG1 3HR
16 October 2025
MIDHOLM CLOSE RESIDENTS LTD
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 19 FEBRUARY 2025
- 3 -
2025
2024
£
£
Turnover
-
-
Profit before taxation
-
0
-
0
Tax on profit
-
0
-
0
Profit for the financial year
-
0
-
0

The profit and loss account has been prepared on the basis that all operations are continuing operations.

MIDHOLM CLOSE RESIDENTS LTD
BALANCE SHEET
AS AT
19 FEBRUARY 2025
19 February 2025
- 4 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
24,665
24,665
Current assets
Debtors
5
2,581
2,581
Creditors: amounts falling due within one year
6
(25,114)
(25,114)
Net current liabilities
(22,533)
(22,533)
Net assets
2,132
2,132
Capital and reserves
Called up share capital
21
21
Profit and loss reserves
2,111
2,111
Total equity
2,132
2,132

For the financial year ended 19 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 16 October 2025 and are signed on its behalf by:
M Rzemieniecka
Director
Company registration number 02719602 (England and Wales)
MIDHOLM CLOSE RESIDENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 19 FEBRUARY 2025
- 5 -
1
Accounting policies
Company information

Midholm Close Residents Ltd is a private company limited by shares incorporated in England and Wales. The registered office is C/o Tant Building Management Ltd, Highstone House, 165 High Street, Barnet, EN5 5SU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.3
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.4
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

MIDHOLM CLOSE RESIDENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 19 FEBRUARY 2025
1
Accounting policies
(Continued)
- 6 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

In the directors opinion there are no significant judgements or key sources of estimation uncertainty.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
MIDHOLM CLOSE RESIDENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 19 FEBRUARY 2025
- 7 -
4
Tangible fixed assets
Total
£
Cost
At 20 February 2024 and 19 February 2025
24,665
Depreciation and impairment
At 20 February 2024 and 19 February 2025
-
0
Carrying amount
At 19 February 2025
24,665
At 19 February 2024
24,665
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
2,581
2,581
6
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
25,114
25,114
2025-02-19 2024-02-20 false false false CCH Software CCH Accounts Production 2025.200 L De Giorgi M Rzemieniecka D Green L M C Tant 02719602 2024-02-20 2025-02-19 02719602 bus:Director2 2024-02-20 2025-02-19 02719602 bus:Director3 2024-02-20 2025-02-19 02719602 bus:CompanySecretary1 2024-02-20 2025-02-19 02719602 bus:Director1 2024-02-20 2025-02-19 02719602 bus:RegisteredOffice 2024-02-20 2025-02-19 02719602 2025-02-19 02719602 2023-02-20 2024-02-19 02719602 2024-02-19 02719602 core:OtherPropertyPlantEquipment 2025-02-19 02719602 core:OtherPropertyPlantEquipment 2024-02-19 02719602 core:ShareCapital 2025-02-19 02719602 core:ShareCapital 2024-02-19 02719602 core:RetainedEarningsAccumulatedLosses 2025-02-19 02719602 core:RetainedEarningsAccumulatedLosses 2024-02-19 02719602 core:OtherPropertyPlantEquipment 2024-02-19 02719602 core:WithinOneYear 2025-02-19 02719602 core:WithinOneYear 2024-02-19 02719602 core:CurrentFinancialInstruments 2025-02-19 02719602 core:CurrentFinancialInstruments 2024-02-19 02719602 bus:PrivateLimitedCompanyLtd 2024-02-20 2025-02-19 02719602 bus:FRS102 2024-02-20 2025-02-19 02719602 bus:AuditExemptWithAccountantsReport 2024-02-20 2025-02-19 02719602 bus:FullAccounts 2024-02-20 2025-02-19 xbrli:pure xbrli:shares iso4217:GBP