Company registration number: 07943787
Annual report and unaudited financial statements
for the year ended 31 March 2026
for
Midelton Limited
Pages for filing with the Registrar
Company registration number: 07943787
Midelton Limited
Balance sheet
as at 31 March 2026
2026 2025
Note £ £ £ £
Fixed assets
Intangible assets 4 - -
Investments 5 201,636 403,272
201,636 403,272
Current assets
Debtors 6 487 16,317
Cash at bank and in hand 31 13,087
518 29,404
Creditors: amounts falling due within one year
7 (29,551) (35,371)
Net current liabilities (29,033) (5,967)
Total assets less current liabilities 172,603 397,305
Creditors: Amounts falling due after more than one year
8 (153,212) (227,410)
NET ASSETS 19,391 169,895
Capital and reserves
Called up share capital 100 100
Profit and loss account 19,291 169,795
TOTAL EQUITY 19,391 169,895
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2026.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 07943787
Midelton Limited
Balance sheet - continued
as at 31 March 2026
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 17 August 2026 and signed on its behalf by:
Mr J Baker, Director Mrs M Baker, Director
17 August 2026 17 August 2026
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Midelton Limited
Notes to the financial statements
for the year ended 31 March 2026
1 Company information
Midelton Limited is a private company registered in England and Wales. Its registered number is 07943787. The company is limited by shares. Its registered office is Lovel House, Upton Noble, Shepton Mallett, Somerset, BA4 6BA.
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 historic cost convention.
Presentation currency
The company’s financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - 20% straight line
Investments in subsidiaries
Investments in subsidiaries are recognised at cost.
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Midelton Limited
Notes to the financial statements - continued
for the year ended 31 March 2026
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
3 Average number of employees
During the year the average number of employees was 2 (2025 - 2).
4 Intangible assets
Goodwill
£
Cost
At 1 April 2025 25,000
At 31 March 2026 25,000
Amortisation
At 1 April 2025 25,000
At 31 March 2026 25,000
Net book value
At 31 March 2026 -
At 31 March 2025 -
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Midelton Limited
Notes to the financial statements - continued
for the year ended 31 March 2026
5 Fixed asset investments
Investments other than loans
Shares in group undertakings and participating interests




£
Cost
At 1 April 2025 403,272
Impairments (201,636)
At 31 March 2026 201,636
Net book value
At 31 March 2026 201,636
At 31 March 2025 403,272
6 Debtors
2026 2025
£ £
Trade debtors - 14,830
Other debtors 487 1,487
487 16,317
7 Creditors: amounts falling due within one year
2026 2025
£ £
Trade creditors 11,677 27,164
Other creditors 1,501 1,000
Taxation 7,778 4,330
Social security and other tax 8,595 2,877
29,551 35,371
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Midelton Limited
Notes to the financial statements - continued
for the year ended 31 March 2026
8 Creditors: amounts falling due after more than one year
2026 2025
£ £
Other creditors 153,212 227,410
9 Share capital
100 Ordinary shares of £1.00 each.
10 Management charge
A management charge is made to subsidiary companies in order to fairly apportion the management costs between them.
11 Controlling party
The controlling party is Mr J Baker.
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