Company Registration No. 10528595 (England and Wales)
Midvale Limited
Unaudited accounts
for the year ended 31 December 2025
Midvale Limited
Unaudited accounts
Contents
Midvale Limited
Company Information
for the year ended 31 December 2025
Director
Jonathan Lewis PHILLIPS
Company Number
10528595 (England and Wales)
Registered Office
3 Richmond Court
White Lodge Close
Sevenoaks
Kent
TN13 3BF
England
Accountants
Lexarox Ltd
Unit 128
203-213 Mare Street
London
LONDON
E8 3JS
Midvale Limited
Statement of financial position
as at 31 December 2025
Cash at bank and in hand
12,141
19,520
Creditors: amounts falling due within one year
(24,845)
(349,389)
Net current assets
517,490
107,067
Total assets less current liabilities
517,489
107,634
Creditors: amounts falling due after more than one year
(411,765)
(4,381)
Net assets
105,724
103,253
Called up share capital
100
100
Share premium
24,970
24,970
Profit and loss account
80,654
78,183
Shareholders' funds
105,724
103,253
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 director acknowledges his 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 and authorised for issue on 10 September 2026 and were signed on its behalf by
Jonathan Lewis PHILLIPS
Director
Company Registration No. 10528595
Midvale Limited
Notes to the Accounts
for the year ended 31 December 2025
Midvale Limited is a private company, limited by shares, registered in England and Wales, registration number 10528595. The registered office is 3 Richmond Court, White Lodge Close, Sevenoaks, Kent, TN13 3BF, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
33% straight line basis
4
Tangible fixed assets
Computer equipment
Midvale Limited
Notes to the Accounts
for the year ended 31 December 2025
Amounts falling due within one year
Trade debtors
10,368
27,359
Accrued income and prepayments
249,282
400,099
Amounts falling due after more than one year
Accrued income and prepayments
267,373
-
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
9,938
10,398
Trade creditors
1,563
2,094
Taxes and social security
714
2,304
Other creditors
193
315,765
7
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
343,023
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Unsecured, interest-free loan. Non-demand until 31/12/2026 per written undertaking dated 10.09.2026
311,410
73,614
42,000
343,024
311,410
73,614
42,000
343,024
The company owes Mr J Phillips £343,023.69 in respect of amounts loaned by him to the company. The loan is unsecured and interest-free. Following a written undertaking from the director dated 10 September 2026, the balance is not repayable before 31 December 2026 and is therefore included within creditors falling due after more than one year.
9
Transactions with related parties
During the year, the company made advance payments to Joint Forest LLC, a company incorporated in Ukraine and wholly owned by Mr J Phillips, a director of the company, in respect of timber supply arrangements. At the year end, £507,372.69 remained outstanding and is included within prepayments.
The company is controlled by Mr Jonathan Lewis Phillips, who is the sole director and holds 100% of the ordinary share capital.
Midvale Limited
Notes to the Accounts
for the year ended 31 December 2025
11
Average number of employees
During the year the average number of employees was 0 (2024: 1).