REGISTERED NUMBER: 11896853 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MIDORA LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr D M Aunianu

Dr D V Aunianu

REGISTERED OFFICE:

Hermitage Dental Practice

50 Silver Street

Whitwick

Leicestershire

LE67 5ET

REGISTERED NUMBER:

11896853 (England and Wales)

ACCOUNTANTS:

Lemans

Chartered Certified Accountants

29 Arboretum Street

Nottingham

Nottinghamshire

NG1 4JA

FIXED ASSETS

Intangible assets

4

154,000

165,000

Tangible assets

5

88,732

63,928

242,732

228,928

CURRENT ASSETS

Debtors

6

245,652

216,267

Cash at bank and in hand

79,043

80,790

324,695

297,057

CREDITORS

Amounts falling due within one year

7

88,351

75,928

NET CURRENT ASSETS

236,344

221,129

TOTAL ASSETS LESS CURRENT LIABILITIES

479,076

450,057

CREDITORS

Amounts falling due after more than one year

8

(59,714

)

(43,778

)

PROVISIONS FOR LIABILITIES

(15,982

)

(15,982

)

NET ASSETS

403,380

390,297

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

403,280

390,197

SHAREHOLDERS' FUNDS

403,380

390,297

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 20 November 2025 and were signed on its behalf by:

Dr D M Aunianu - Director

1.	STATUTORY INFORMATION

Midora Ltd 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.

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 2019, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price.

Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

220,000

AMORTISATION

At 1 April 2024

55,000

Amortisation for year

11,000

At 31 March 2025

66,000

NET BOOK VALUE

At 31 March 2025

154,000

At 31 March 2024

165,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

4,645

51,716

61,090

117,451

Additions

-

51,798

-

51,798

At 31 March 2025

4,645

103,514

61,090

169,249

DEPRECIATION

At 1 April 2024

1,306

29,899

22,318

53,523

Charge for year

835

18,404

7,755

26,994

At 31 March 2025

2,141

48,303

30,073

80,517

NET BOOK VALUE

At 31 March 2025

2,504

55,211

31,017

88,732

At 31 March 2024

3,339

21,817

38,772

63,928

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

61,090

DEPRECIATION

At 1 April 2024

22,318

Charge for year

7,755

At 31 March 2025

30,073

NET BOOK VALUE

At 31 March 2025

31,017

At 31 March 2024

38,772

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

34,781

30,416

Other debtors

162,083

161,258

Directors' current accounts

48,788

24,593

245,652

216,267

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other loans

10,000

10,000

Hire purchase contracts (see note 9)

17,949

7,623

Trade creditors

18,038

295

Corporation tax

35,799

47,072

Social security and other taxes

402

569

Other creditors

-

2,000

Accrued expenses

6,163

8,369

88,351

75,928

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other loans

1,667

11,667

Hire purchase contracts (see note 9)

58,047

32,111

59,714

43,778

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

17,949

7,623

Between one and five years

58,047

32,111

75,996

39,734

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Dr D M Aunianu

Balance outstanding at start of year

24,593

3,727

Amounts advanced

49,195

20,866

Amounts repaid

(25,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

48,788

24,593

Interest has been charged on this loan at a rate of 2.25% during the year and credited to the profit and loss account (31.03.2024 -2.25%).

12.	RELATED PARTY DISCLOSURES

A D & D Properties Ltd

D M and D V Aunianu are directors and shareholders of the above named company. Included in other debtors is a loan of £160,000 (2024 - £160,000) to this company.