Accounts filed on 30-11-2018


Registered number: 04582809






Midland Properties (Bristol) Limited


ACCOUNTS

FOR THE YEAR ENDED 30/11/2018
























Prepared By:
R F Love and Company
Chartered Accountant
78 Basepoint Business Centre
Yeoford Way, Marsh Barton
Exeter
Devon
EX2 8LB


Midland Properties (Bristol) Limited


ACCOUNTS
FOR THE YEAR ENDED 30/11/2018





DIRECTORS
J M O'Brien
K A Feltham
P O'Brien



SECRETARY
P O'Brien


REGISTERED OFFICE
23 Chudleigh Road
Alphington
Exeter
Devon
EX2 8TS


COMPANY DETAILS
registered in , registered number 04582809



ACCOUNTANTS
R F Love and Company
Chartered Accountant
78 Basepoint Business Centre
Yeoford Way, Marsh Barton
Exeter
Devon
EX2 8LB


ACCOUNTS
FOR THEYEARENDED30/11/2018



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 30/11/2018

			2018		2017
	Notes		£		£

FIXED ASSETS
Tangible assets	2		10,371		13,827

CURRENT ASSETS
Stock		2,445,000		1,127,384
Debtors	4	918,388		879,451
Cash at bank and in hand		37,259		72,157
		3,400,647		2,078,992
CREDITORS: Amounts falling due within one year	5	116,723		541,188
NET CURRENT ASSETS			3,283,924		1,537,804
TOTAL ASSETS LESS CURRENT LIABILITIES			3,294,295		1,551,631


CREDITORS: Amounts falling due after more than one year	6		1,989,033		1,513,548

NET ASSETS			1,305,262		38,083

CAPITAL AND RESERVES

Called up share capital	8		3		3
Revaluation reserve	1d,9		1,252,616		-
Profit and loss account			52,643		38,080
SHAREHOLDERS' FUNDS			1,305,262		38,083

For the year ending 30/11/2018 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 08/08/2018 and signed on their behalf by



.............................
P O'Brien
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance 25%
Motor Cars		reducing balance 25%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 9).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.




3. STOCK	2018	2017
	£	£
Stock comprises:

Stock of Land and Buildings, at cost	2,445,000	1,127,384
	2,445,000	1,127,384




4. DEBTORS	2018	2017
	£	£
Amounts falling due within one year

Amounts falling due over more than one year
Long term debtor	918,388	879,451
	918,388	879,451
	918,388	879,451




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2018	2017
	£	£
UK corporation tax	-	11,106
Directors current account - POB	106,761	124,205
Credit card	1,962	6,323
Trade creditors	-	394,554
Accruals	8,000	5,000
	116,723	541,188




6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2018	2017
	£	£
Bank loans (secured) >1yr	906,445	1,073,439
Long term creditor	1,082,588	440,109
	1,989,033	1,513,548




8. SHARE CAPITAL	2018	2017
	£	£
Allotted, issued and fully paid:
3 Ordinary shares of £1 each	3	3
	3	3