Mididol Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02326165 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

MIDIDOL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

F Bizzari

SECRETARY:

J A Finch

REGISTERED OFFICE:

Crescent House

Addison Crescent

London

W14 8JR

REGISTERED NUMBER:

02326165 (England and Wales)

ACCOUNTANTS:

H & E Johnson

Chartered Accountants

Sandall House

230 High Street

Herne Bay

Kent

CT6 5AX

FIXED ASSETS

Tangible assets

2

1,480,000

1,900,000

Investments

3

999

1,480,999

1,900,999

CURRENT ASSETS

Debtors

4

80,241

12,919

Cash at bank

1,381

3,210

81,622

16,129

CREDITORS

Amounts falling due within one year

5

586,889

671,422

NET CURRENT LIABILITIES

(505,267

)

(655,293

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

975,732

1,245,706

CREDITORS

Amounts falling due after more than one year

5

613,295

862,006

NET ASSETS

362,437

383,700

CAPITAL AND RESERVES

Called up share capital

6

200,000

Revaluation reserve

329,823

457,024

Profit and loss account

(167,386

)

(273,324

)

SHAREHOLDERS' FUNDS

362,437

383,700

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29 June 2017 and were signed by:

F Bizzari - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation of

certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents rents and property management fees receivable.

Leasehold investment properties

Leased investment properties acquired under finance leases, where their terms give rights approximating to

ownership, are capitalised in the balance sheet as tangible fixed assets.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date. Deferred tax is provided on non-current assets held for sale at the balance sheet date.

Investments

Investments held as fixed assets are stated at cost less provision for any impairment.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 October 2015

1,900,000

Disposals

(420,000

)

At 30 September 2016

1,480,000

NET BOOK VALUE

At 30 September 2016

1,480,000

At 30 September 2015

1,900,000

The leasehold properties are held under a head lease expiring in 2111.

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 October 2015

and 30 September 2016

999

NET BOOK VALUE

At 30 September 2016

999

At 30 September 2015

999

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Caley Property Limited

Nature of business: Property investment

%

Class of shares:

holding

Ordinary

99.90

30.9.16

30.9.15

£

Aggregate capital and reserves

914,025

839,157

Profit for the year

172,694

2,796

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 12,013 (2015 - £ 12,013 )

5.

CREDITORS

Creditors include an amount of £ 929,826 (2015 - £ 1,301,770 ) for which security has been given.

6.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2016

2015

value:

£

200,000

Share capital 1

£1

200,000

7.	ULTIMATE PARENT COMPANY

Rafon Inc. (incorporated in Panama ) is regarded by the director as being the company's ultimate parent company.