MIDOS Partnership LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC336563 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MIDOS PARTNERSHIP LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs R Niederman

Gelpark Estates Ltd

Midos GC Limited

REGISTERED OFFICE:

147 Stamford Hill

London

N16 5LG

REGISTERED NUMBER:

OC336563 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Investment property

4

7,898,918

CURRENT ASSETS

Debtors

5

1,630,138

1,619,212

Cash at bank

21,986

23,836

1,652,124

1,643,048

CREDITORS

Amounts falling due within one year

6

(10,020,123

)

(9,965,254

)

NET CURRENT LIABILITIES

(8,367,999

)

(8,322,206

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(469,081

)

(423,288

)

CREDITORS

Amounts falling due after more than one
year

7

(2,807,939

)

(2,904,236

)

NET LIABILITIES ATTRIBUTABLE TO
MEMBERS

(3,277,020

)

(3,327,524

)

LOANS AND OTHER DEBTS DUE TO
MEMBERS

1,372,417

1,321,913

MEMBERS' OTHER INTERESTS

Capital accounts

10,000

Revaluation reserve

8

2,800,000

Other reserves

8

(7,459,437

)

(7,459,437

)

(3,277,020

)

(3,327,524

)

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

1,372,417

1,321,913

Members' other interests

(4,649,437

)

(4,649,437

)

(3,277,020

)

(3,327,524

)

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 4 December 2025 and were signed by:

J Schreiber - Designated member

1.	STATUTORY INFORMATION

MIDOS Partnership LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention except for the assets and liabilities which are required by FRS 102 to be stated at fair value.

Changes in accounting policies

The LLP has adopted FRS 102 for the first time in the preparation of these accounts. Accordingly the date of transition to FRS 102 was 1 April 2015 (beginning of the accounting period of comparative year).

There are no material differences in determining the LLP's profit and loss under FRS 102 and the previous framework the LLP adopted (the Financial Reporting Standard for Smaller Entities (effective January 2015)).

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEE INFORMATION

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

7,898,918

NET BOOK VALUE

At 31 March 2025

7,898,918

At 31 March 2024

7,898,918

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

9,338

55,113

Amounts owed by joint ventures

398,144

Other debtors

1,222,656

1,165,955

1,630,138

1,619,212

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

175,070

174,397

Other creditors

9,845,053

9,790,857

10,020,123

9,965,254

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans

2,714,325

2,810,622

Amounts owed to associates

93,614

2,807,939

2,904,236

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,714,325

2,810,622

8.

RESERVES

Revaluation

Other

reserve

reserves

Totals

£

At 1 April 2024

2,800,000

(7,459,437

)

(4,659,437

)

At 31 March 2025

2,800,000

(7,459,437

)

(4,659,437

)