REGISTERED NUMBER: SC466240 (Scotland)

Financial Statements for the Year Ended 31 December 2025

for

Middlemas Management Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S R Middlemas

Mrs J A Middlemas

REGISTERED OFFICE:

22 Miller Place

Scrabster

Thurso

Caithness

KW14 7UH

REGISTERED NUMBER:

SC466240 (Scotland)

ACCOUNTANTS:

Reid & Fraser

Chartered Accountants

15 Princes Street

Thurso

Caithness

KW14 7BQ

BANKERS:

The Royal Bank of Scotland plc

Olrig Street

Thurso

Caithness

KW14 7BL

FIXED ASSETS

Tangible assets

4

559

598

CURRENT ASSETS

Debtors

5

238

300

Investments

6

60,271

57,649

Cash at bank

20,928

21,801

81,437

79,750

CREDITORS

Amounts falling due within one year

7

(31,189

)

(2,509

)

NET CURRENT ASSETS

50,248

77,241

TOTAL ASSETS LESS CURRENT LIABILITIES

50,807

77,839

PROVISIONS FOR LIABILITIES

8

(106

)

(114

)

NET ASSETS

50,701

77,725

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

50,601

77,625

SHAREHOLDERS' FUNDS

50,701

77,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2026 and were signed on its behalf by:

S R Middlemas - Director

1.	STATUTORY INFORMATION

Middlemas Management Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

20% straight line

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised 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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2025

8,579

Additions

699

At 31 December 2025

9,278

DEPRECIATION

At 1 January 2025

7,981

Charge for year

738

At 31 December 2025

8,719

NET BOOK VALUE

At 31 December 2025

559

At 31 December 2024

598

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

300

Other debtors

238

-

238

300

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Listed investments

60,271

57,649

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

-

733

Other creditors

31,189

1,776

31,189

2,509

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

106

114

Deferred

tax

£

Balance at 1 January 2025

114

Provided during year

(8

)

Balance at 31 December 2025

106