Company registration number 00781899 (England and Wales)
Midminster Holdings Limited
Unaudited Financial Statements
For the year ended 30 April 2025
Midminster Holdings Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7
Midminster Holdings Limited
Statement of financial position
As at 30 April 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
16,495
1,461
Investment property
4
2,272,000
1,067,000
Investments
5
2,379,317
2,074,808
4,667,812
3,143,269
Current assets
Stocks
-
768,046
Debtors
6
998,505
1,051,168
Cash at bank and in hand
419,569
391,532
1,418,074
2,210,746
Creditors: amounts falling due within one year
7
(75,429)
(56,662)
Net current assets
1,342,645
2,154,084
Total assets less current liabilities
6,010,457
5,297,353
Provisions for liabilities
(130,000)
-
Net assets
5,880,457
5,297,353
Capital and reserves
Called up share capital
54,000
54,000
Share premium account
21,305
21,305
Capital redemption reserve
8,000
8,000
Other reserves
142,354
142,354
Non-distributable profits reserve
8
1,037,612
704,760
Distributable profit and loss reserves
4,617,186
4,366,934
Total equity
5,880,457
5,297,353
Midminster Holdings Limited
Statement of financial position (continued)
As at 30 April 2025
30 April 2025
- 2 -

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 22 December 2025 and are signed on its behalf by:
Mr P B Pioli
Director
Company registration number 00781899 (England and Wales)
Midminster Holdings Limited
Notes to the financial statements
For the year ended 30 April 2025
- 3 -
1
Accounting policies
Company information

Midminster Holdings 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.

1.1
Basis of preparation

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 as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Preparation of consolidated financial statements

The financial statements contain information about Midminster Holdings Limited as an individual company and do not contain 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.

1.2
Revenue

Turnover represents rent receivable, excluding value added tax, and is recognised when the company obtains the right to consideration.

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% on reducing balance
Motor vehicles
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
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.

Midminster Holdings Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.7
Taxation

Taxation for the year comprises current and deferred tax. Tax is recgonised in the Income Statement, 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.

Current tax
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 loss 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.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9

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.

In addition there is an unfunded scheme for which payments will be charged to the profit and loss account as they become due.

Midminster Holdings Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
5
3
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 May 2024
3,536
18,600
22,136
Additions
1,350
18,995
20,345
Disposals
-
0
(18,600)
(18,600)
At 30 April 2025
4,886
18,995
23,881
Depreciation and impairment
At 1 May 2024
2,075
18,600
20,675
Depreciation charged in the year
562
4,749
5,311
Eliminated in respect of disposals
-
0
(18,600)
(18,600)
At 30 April 2025
2,637
4,749
7,386
Carrying amount
At 30 April 2025
2,249
14,246
16,495
At 30 April 2024
1,461
-
0
1,461
4
Investment property
2025
£
Fair value
At 1 May 2024
1,067,000
Additions
843,453
Disposals
(195,000)
Revaluations
556,547
At 30 April 2025
2,272,000

Investment properties have been included on the balance sheet at the directors' assessment of their fair value.

Midminster Holdings Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
- 6 -
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
100
100
Other investments other than loans
2,379,217
2,074,708
2,379,317
2,074,808
Movements in fixed asset investments
Shares in subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 1 May 2024
100
2,074,708
2,074,808
Additions
-
1,271,053
1,271,053
Valuation changes
-
(59,076)
(59,076)
Disposals
-
(907,468)
(907,468)
At 30 April 2025
100
2,379,217
2,379,317
Carrying amount
At 30 April 2025
100
2,379,217
2,379,317
At 30 April 2024
100
2,074,708
2,074,808
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
998,505
1,051,168
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
14,536
1,613
Amounts owed to group undertakings
100
100
Taxation and social security
6,880
8,174
Other creditors
53,913
46,775
75,429
56,662
Midminster Holdings Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
- 7 -
8
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the year
704,760
579,309
Non distributable profits in the year
332,852
125,451
At the end of the year
1,037,612
704,760
9
Other financial commitments

The company has agreed to make certain payments on the death of a current director to his surviving widow, at the rate of £40,000 per annum as adjusted for inflation. No provision has been made in these accounts for any amounts which may become payable as the potential liability cannot be quantified.

10
Related party transactions

At the end of the financial year the amount owed to directors and key management was £17,357 (2024 £24,484).

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