Midland Assured Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05648697 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

MIDLAND ASSURED HOLDINGS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Midland Assured Estates Limited

Mrs S L Shannon

REGISTERED OFFICE:

5 Olympus Court

Olympus Avenue

Tachbrook Park

Warwick

Warwickshire

CV34 6RZ

REGISTERED NUMBER:

05648697 (England and Wales)

BANKERS:

Barclays Bank PLC

15 Colmore Row

Birmingham

FIXED ASSETS

Investments

4

10,026,038

10,026,038

CURRENT ASSETS

Debtors

5

58,004

25,004

Cash at bank

3,344

3,344

61,348

28,348

CREDITORS

Amounts falling due within one year

1,627

1,627

NET CURRENT ASSETS

59,721

26,721

TOTAL ASSETS LESS CURRENT LIABILITIES

10,085,759

10,052,759

CREDITORS

Amounts falling due after more than one year

6,176,779

6,144,031

NET ASSETS

3,908,980

3,908,728

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

3,908,977

3,908,725

SHAREHOLDERS' FUNDS

3,908,980

3,908,728

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 September 2021 and were signed on its behalf by:

Mrs S L Shannon - Director

1.	STATUTORY INFORMATION

Midland Assured Holdings Limited is a private company, limited by shares , registered in England and Wales. 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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Preparation of consolidated financial statements

The financial statements contain information about Midland Assured Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, financial instruments are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the income statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2020

and 31 March 2021

10,026,038

NET BOOK VALUE

At 31 March 2021

10,026,038

At 31 March 2020

10,026,038

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Amounts owed by related companies

58,000

25,000