| MIDDLEWICH PROPERTIES LIMITED |
| Registered number: |
15229040 |
| Balance Sheet |
| as at 31 October 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
3,344,227 |
|
|
3,344,227 |
|
| Current assets |
| Debtors |
4 |
|
31,271 |
|
|
6,251 |
| Cash at bank and in hand |
|
|
199 |
|
|
100 |
|
|
|
31,470 |
|
|
6,351 |
|
| Creditors: amounts falling due within one year |
5 |
|
(3,358,523) |
|
|
(3,351,653) |
|
| Net current liabilities |
|
|
|
(3,327,053) |
|
|
(3,345,302) |
|
| Net assets/(liabilities) |
|
|
|
17,174 |
|
|
(1,075) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
17,074 |
|
|
(1,175) |
|
| Shareholders' funds |
|
|
|
17,174 |
|
|
(1,075) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr Martin Flannery |
| Director |
| Approved by the board on 23 July 2026 |
|
| MIDDLEWICH PROPERTIES LIMITED |
| Notes to the Accounts |
| for the year ended 31 October 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rent of the land and property. Turnover from the rent of the land and property is recognised by reference to the period relates to the company financial year. |
|
|
Investment property |
|
Investment property is included at fair value. Gains are recognised in the Income statement. Deferred Taxation is provided on these gains at the rate expected to apply when the property is sold. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 November 2024 |
3,344,227 |
|
At 31 October 2025 |
3,344,227 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 October 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2025 |
3,344,227 |
|
At 31 October 2024 |
3,344,227 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2025 |
|
2024 |
| £ |
£ |
|
Historical cost |
3,344,227 |
|
- |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
3,344,227 |
|
- |
|
Land and buildings comprise an Investment property which is valued on the basis of its fair value as at 31 October 2025 by the company's internally qualified personnel based on the sales values of similar land and properties in the area. |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
VAT refund receivable |
|
|
|
|
6,271 |
|
6,251 |
|
Other debtors |
25,000 |
|
- |
|
|
|
|
|
|
31,271 |
|
6,251 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
60 |
|
87,167 |
|
Amounts owed to related company |
Note 6 |
|
3,351,713 |
|
3,263,286 |
|
Taxation and social security costs |
5,750 |
|
- |
|
Other creditors |
1,000 |
|
1,200 |
|
|
|
|
|
|
3,358,523 |
|
3,351,653 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Related party transactions |
|
|
Mr Martin Flannery, Mr Patrick Flannery and Mr Paul Flannery are the directors of Flannery Capital Limited. As at the balance sheet date, the amount owed to Flannery Capital Limited was £3,176,330. There are no fixed terms of repayment.
Mr Martin Flannery, Mr Patrick Flannery and Mr Paul Flannery are the directors of P. Flannery Plant Hire (Oval) Limited. As at the balance sheet date, the amount owed to P. Flannery Plant Hire (Oval) Limited was £175,383. There are no fixed terms of repayment. |
|
|
| 7 |
Other information |
|
|
MIDDLEWICH PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
27A Maxwell Road |
|
Northwood |
|
Middlesex |
|
HA6 2XY |