Company registration number 12858672 (England and Wales)
MIDLAND INTERNATIONAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
MIDLAND INTERNATIONAL LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
MIDLAND INTERNATIONAL LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,497
3,330
Investment properties
4
3,450,000
3,450,000
3,452,497
3,453,330
Current assets
Debtors
5
15,278
19,510
Creditors: amounts falling due within one year
6
(3,224,642)
(3,240,992)
Net current liabilities
(3,209,364)
(3,221,482)
Total assets less current liabilities
243,133
231,848
Provisions for liabilities
(37,195)
(37,195)
Net assets
205,938
194,653
Capital and reserves
Called up share capital
100
100
Investment property reserve
111,586
111,586
Profit and loss reserves
94,252
82,967
Total equity
205,938
194,653

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved and signed by the director and authorised for issue on 8 June 2026
Mr A A Litwin-Logan
Director
Company Registration No. 12858672
MIDLAND INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -
1
Accounting policies
Company information

Midland International Limited is a private company limited by shares incorporated in England and Wales. The registered office is Acre House, 11-15 William Road, London, United Kingdom, NW1 3ER.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents rental income and is recognised on accruals basis.

1.3
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
25% reducing balance

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.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. The gain or loss on revaluation is recognised in profit or loss and is subsequently transferred within equity to the "investment property reserve" together with the associated deferred tax.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

MIDLAND INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

MIDLAND INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.10

Investment property reserve

The investment property reserve comprise s the fair value uplift on the company's investment property net of the associated deferred tax. Any movement in the fair value of the investment property and/or the deferred tax associated with it during the year is transferred from the profit and loss account into th is reserve as a reserve movement in the Statement of Changes in Equity. The reserve is non-distributable.

2
Employees

There were no employees during the current year or previous year.

3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 October 2024 and 30 September 2025
9,361
Depreciation and impairment
At 1 October 2024
6,031
Depreciation charged in the year
833
At 30 September 2025
6,864
Carrying amount
At 30 September 2025
2,497
At 30 September 2024
3,330
4
Investment property
2025
£
Fair value
At 1 October 2024 and 30 September 2025
3,450,000

Investment property comprises of rental properties. The fair value of the investment property has been arrived at on the basis of a valuation carried ou t by the directors.

If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2025
2024
£
£
Cost
3,301,219
3,301,219
Accumulated depreciation
-
-
Carrying amount
3,301,219
3,301,219
MIDLAND INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 5 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
8,794
8,794
Prepayments and accrued income
6,484
10,716
15,278
19,510
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
991
2,444
Corporation tax
2,780
5,527
Other creditors
3,209,182
3,220,150
Accruals and deferred income
11,689
12,871
3,224,642
3,240,992
7
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Investment property
37,195
37,195
8
Related party transactions

Other creditors includes a balance of £3,200,388 (2024: £3,211,356) owing to the director by the company.

2025-09-30 2024-10-01 false false false 08 June 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr A A Litwin-Logan 0 12858672 2024-10-01 2025-09-30 12858672 2025-09-30 12858672 2024-09-30 12858672 core:FurnitureFittings 2025-09-30 12858672 core:FurnitureFittings 2024-09-30 12858672 core:CurrentFinancialInstruments core:WithinOneYear 2025-09-30 12858672 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 12858672 core:ShareCapital 2025-09-30 12858672 core:ShareCapital 2024-09-30 12858672 core:OtherMiscellaneousReserve 2025-09-30 12858672 core:OtherMiscellaneousReserve 2024-09-30 12858672 core:RetainedEarningsAccumulatedLosses 2025-09-30 12858672 core:RetainedEarningsAccumulatedLosses 2024-09-30 12858672 bus:Director1 2024-10-01 2025-09-30 12858672 core:FurnitureFittings 2024-10-01 2025-09-30 12858672 core:FurnitureFittings 2024-09-30 12858672 2024-09-30 12858672 core:CurrentFinancialInstruments 2025-09-30 12858672 core:CurrentFinancialInstruments 2024-09-30 12858672 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 12858672 bus:FRS102 2024-10-01 2025-09-30 12858672 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 12858672 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 12858672 bus:FullAccounts 2024-10-01 2025-09-30 xbrli:pure xbrli:shares iso4217:GBP