REGISTERED NUMBER: 02467152 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MIDSHIRES ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M J Taylor

Mr C J Taylor

REGISTERED OFFICE:

Leafield Estate

Stratford Road

Warwick

Warwickshire

CV34 6RA

REGISTERED NUMBER:

02467152 (England and Wales)

ACCOUNTANTS:

LDP Luckmans

Chartered Accountants

1110 Elliott Court

Herald Avenue

Coventry Business Park

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Investments

4

7,254

7,254

CURRENT ASSETS

Stocks

5

16,439,382

14,275,896

Debtors

6

6,392,415

10,012,344

Cash at bank

66,677

471,287

22,898,474

24,759,527

CREDITORS

Amounts falling due within one year

7

171,034

6,151,986

NET CURRENT ASSETS

22,727,440

18,607,541

TOTAL ASSETS LESS CURRENT LIABILITIES

22,734,694

18,614,795

CREDITORS

Amounts falling due after more than one year

8

22,950,000

19,078,043

NET LIABILITIES

(215,306

)

(463,248

)

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

(216,306

)

(464,248

)

SHAREHOLDERS' FUNDS

(215,306

)

(463,248

)

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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2025 and were signed on its behalf by:

Mr M J Taylor - Director

1.	STATUTORY INFORMATION

Midshires Estates 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.

The financial statements have been prepared on the going concern basis. The Company's ability to continue trading is dependent upon the continued support of fellow group companies. The directors are of the opinion that group support will be ongoing and therefore consider it appropriate to prepare the financial statements on the going concern basis.

These financial statements do not reflect any adjustments that may be necessary should the support of the Company's fellow group Companies be withdrawn.

Preparation of consolidated financial statements

The financial statements contain information about Midshires Estates Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable,

Income from property development is recognised at the point of exchange of contracts.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less impairment.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Turnover from the sale of land and buildings is recognised when significant risks and rewards of ownership of the land and buildings have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on legal completion.

Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

7,254

NET BOOK VALUE

At 31 March 2025

7,254

At 31 March 2024

7,254

5.

STOCKS

2025

2024

£

£

Work-in-progress

16,439,382

14,275,896

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

5,425

25,486

Amounts owed by group undertakings

3,036,065

2,700,000

Other debtors

10,785

26,817

VAT

38,438

8,018

Prepayments

-

2,023

3,090,713

2,762,344

Amounts falling due after more than one year:

Amounts owed by group undertakings

4,780,000

8,728,298

Loan provision

(1,478,298

)

(1,478,298

)

3,301,702

7,250,000

Aggregate amounts

6,392,415

10,012,344

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

51,547

Amounts owed to group undertakings

875

5,900,875

Accrued expenses

170,159

199,564

171,034

6,151,986

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

22,950,000

19,078,043

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

£1

1,000

1,000