REGISTERED NUMBER: 09709678 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Midas (Lingfield) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs Shipra Ganatra

Mr Eshaan Ganatra

REGISTERED OFFICE:

195 White Horse Hill

Chislehurst

Kent

BR7 6DH

REGISTERED NUMBER:

09709678 (England and Wales)

ACCOUNTANTS:

Ami & Co

195 White Horse Hill

Chislehurst

Kent

BR7 6DH

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

2

2

3

3

CURRENT ASSETS

Cash at bank

397,915

202,087

CREDITORS

Amounts falling due within one year

64,510

19,101

NET CURRENT ASSETS

333,405

182,986

TOTAL ASSETS LESS CURRENT LIABILITIES

333,408

182,989

CREDITORS

Amounts falling due after more than one year

205,923

230,921

NET ASSETS/(LIABILITIES)

127,485

(47,932

)

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

127,385

(48,032

)

SHAREHOLDERS' FUNDS

127,485

(47,932

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2025 and were signed on its behalf by:

Mrs Shipra Ganatra - Director

1.	STATUTORY INFORMATION

Midas (Lingfield) 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.

The directors have confirmed that the company is a going concern and that the Financial Statements have been prepared on a going concern basis.

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 2016, is being amortised evenly over its estimated useful life of seven 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.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

256,259

AMORTISATION

At 1 April 2024

and 31 March 2025

256,258

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

22,500

DEPRECIATION

At 1 April 2024

and 31 March 2025

22,498

NET BOOK VALUE

At 31 March 2025

2

At 31 March 2024

2

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs Shipra Ganatra.