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Company Registration No. 09370216 (England and Wales)
Midas Financials Ltd Unaudited accounts for the year ended 31 December 2025
Midas Financials Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Midas Financials Ltd Company Information for the year ended 31 December 2025
Directors
Kunal Patel Imran Patel
Company Number
09370216 (England and Wales)
Registered Office
20-22 WENLOCK ROAD LONDON N1 7GU
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Midas Financials Ltd Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Current assets
Debtors
5
300
-
Cash at bank and in hand
6,333
4,810
6,633
4,810
Creditors: amounts falling due within one year
6
(3,713)
(2,128)
Net current assets
2,920
2,682
Net assets
2,920
2,682
Capital and reserves
Called up share capital
100
100
Profit and loss account
2,820
2,582
Shareholders' funds
2,920
2,682
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 January 2026 and were signed on its behalf by
Imran Patel Director Company Registration No. 09370216
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Midas Financials Ltd Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Midas Financials Ltd is a private company, limited by shares, registered in England and Wales, registration number 09370216. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% Straight Line Method
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 January 2025
3,215
At 31 December 2025
3,215
Depreciation
At 1 January 2025
3,215
At 31 December 2025
3,215
Net book value
At 31 December 2025
-
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
300
-
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Midas Financials Ltd Notes to the Accounts for the year ended 31 December 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
1,742
1,197
Loans from directors
1,971
931
3,713
2,128
7
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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