Company No: 01898963 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Financial Statements

DIRECTORS	C M Addison
	M E Addison

SECRETARY

M E Addison

REGISTERED OFFICE	14 London Road
	Newark
	NG24 1TW
	United Kingdom

COMPANY NUMBER

01898963 (England and Wales)

ACCOUNTANT	Duncan & Toplis Limited
	14 London Road
	Newark
	NG24 1TW

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3, 4	18,732		20,833
Investments	5	0		1,000
		18,732		21,833
Current assets
Stocks		14,075		125,885
Debtors	6	497,511		272,288
Investments	7	271		271
Cash at bank and in hand		13,788		232,839
		525,645		631,283
Creditors: amounts falling due within one year	8	( 281,884)		( 305,052)
Net current assets		243,761		326,231
Total assets less current liabilities		262,493		348,064
Creditors: amounts falling due after more than one year	9	( 414,041)		( 370,736)
Provision for liabilities		0		( 3,958)
Net liabilities		( 151,548)		( 26,630)
Capital and reserves
Called-up share capital	11	921		921
Capital redemption reserve		79		79
Profit and loss account		( 152,548 )		( 27,630 )
Total shareholders' deficit		( 151,548)		( 26,630)

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Midlands Estate Management Co. Limited (registered number: 01898963) were approved and authorised for issue by the Board of Directors on 11 September 2026. They were signed on its behalf by:

C M Addison Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Midlands Estate Management Co. Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 14 London Road, Newark, NG24 1TW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed all available information for the foreseeable future, being a period of at least twelve months from the date of approval. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of at least twelve months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern basis of accounting in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the reporting date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Income Statement in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Leases and right of use assets

At the inception of a contract, the Company assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration.

The lease liability is initially measured at the present value of future lease payments due over the lease term, discounted at the rate implicit in the lease or, if not readily determinable, the Company's incremental borrowing rate. Lease payments include fixed payments, variable lease payments that depend on an index or a tax and amounts reasonably expected to be payable over the life of the lease.

The right of use asset is initially measured at the initial amount of the lease liability and is adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle or restore the underlying asset, less any lease incentives received.

The lease liability is subsequently measured at amortised cost using the effective interest method, with an interest expense recognised in the profit or loss.

After initial recognition, the right of use asset is depreciated on a straight line basis over the shorter of the asset's useful life or the lease term. The right of use assets are subject to impairment reviews in accordance with the Company's policy on the impairment of non financial assets.

It is remeasured when there is a change in future lease payments arising from a change in an index or rate, or if the Company changes its assessment of whether it will exercise a purchase, extension, or termination option. When the lease liability is remeasured, a corresponding adjustment is made to the carrying amount of the right of use asset. In any case an equivalent adjustment is made to the carrying value of the right of use asset, with the revised carrying amount being amortised over the remaining (revised) lease term. If the carrying amount of the right of use asset is adjusted to zero, any further reduction is recognised in the profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 April 2025	75,880		75,880
Disposals	( 34,717)		( 34,717)
At 31 March 2026	41,163		41,163
Accumulated depreciation
At 01 April 2025	55,047		55,047
Charge for the financial year	327		327
Disposals	( 15,189)		( 15,189)
At 31 March 2026	40,185		40,185
Net book value
At 31 March 2026	978		978
At 31 March 2025	20,833		20,833

4. Right of use assets

	Motor vehicles		Total
	£		£
Cost
At 01 April 2025	0		0
Additions	20,618		20,618
At 31 March 2026	20,618		20,618
Accumulated depreciation
At 01 April 2025	0		0
Charge for the financial year	2,864		2,864
At 31 March 2026	2,864		2,864
Net book value
At 31 March 2026	17,754		17,754
At 31 March 2025	0		0

The right-of-use assets are included in the Tangible fixed assets on the statement of financial position.

5. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2025	1,000		1,000
Disposals	( 1,000)		( 1,000)
At 31 March 2026	0		0
Carrying value at 31 March 2026	0		0
Carrying value at 31 March 2025	1,000		1,000

6. Debtors

	2026		2025
	£		£
Trade debtors	497,055		257,935
Other debtors	456		14,353
	497,511		272,288

7. Current asset investments

	2026		2025
	£		£
Listed investments – at fair value	271		271

8. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	20,496		18,479
Other taxation and social security	10,700		0
Lease liabilities (note 10)	5,867		0
Obligations under finance leases and hire purchase contracts	0		4,463
Other creditors	244,821		282,110
	281,884		305,052

9. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Lease liabilities (note 10)	9,216		0
Obligations under finance leases and hire purchase contracts	0		20,736
Other creditors	404,825		350,000
	414,041		370,736

There are no amounts included above in respect of which any security has been given by the small entity.

10. Lease liabilities

	2026		2025
	£		£
Lease liabilities due within 1 year	5,867		0
Lease liabilities due after 1 year	9,216		0
	15,083		0

The lease liabilities are included in the creditors due within 1 year and creditors due after 1 year on the statement of financial position.

11. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
921 A ordinary shares of £ 1.00 each	921		921