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REGISTERED NUMBER: 05884963 (England and Wales)















Unaudited Financial Statements

for the Period 1 August 2022 to 30 April 2023

for

Mylako Limited

Mylako Limited (Registered number: 05884963)






Contents of the Financial Statements
for the Period 1 August 2022 to 30 April 2023




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Mylako Limited

Company Information
for the Period 1 August 2022 to 30 April 2023







DIRECTOR: M L Kohn





REGISTERED OFFICE: 16 Upper Woburn Place
London
WC1H 0AF





REGISTERED NUMBER: 05884963 (England and Wales)





ACCOUNTANTS: Thickbroom Coventry Limited
Chartered Accountants
147a High Street Waltham Cross
United Kingdom
Hertfordshire
EN8 7AP

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Mylako Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Director's Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mylako Limited for the period ended 30 April 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Mylako Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mylako Limited and state those matters that we have agreed to state to the director of Mylako Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mylako Limited and its director for our work or for this report.

It is your duty to ensure that Mylako Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mylako Limited. You consider that Mylako Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Mylako Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Thickbroom Coventry Limited
Chartered Accountants
147a High Street Waltham Cross
United Kingdom
Hertfordshire
EN8 7AP


Date: .............................................

Mylako Limited (Registered number: 05884963)

Statement of Financial Position
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,340 6,759
Investments 5 457,444 650,556
465,784 657,315

CURRENT ASSETS
Debtors 6 976,511 369,096
Cash at bank 1,509,200 1,631,837
2,485,711 2,000,933
CREDITORS
Amounts falling due within one year 7 1,644,027 1,634,185
NET CURRENT ASSETS 841,684 366,748
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,307,468

1,024,063

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 1,307,466 1,024,061
SHAREHOLDERS' FUNDS 1,307,468 1,024,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2023 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.

Mylako Limited (Registered number: 05884963)

Statement of Financial Position - continued
30 April 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 February 2024 and were signed by:





M L Kohn - Director


Mylako Limited (Registered number: 05884963)

Notes to the Financial Statements
for the Period 1 August 2022 to 30 April 2023

1. STATUTORY INFORMATION

Mylako 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 3 years

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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 statement of financial position date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2022 - 9 ) .

Mylako Limited (Registered number: 05884963)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 30 April 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2022 41,286
Additions 5,013
At 30 April 2023 46,299
DEPRECIATION
At 1 August 2022 34,527
Charge for period 3,432
At 30 April 2023 37,959
NET BOOK VALUE
At 30 April 2023 8,340
At 31 July 2022 6,759

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2022 650,556
Disposals (200,000 )
Dividends received 6,888
At 30 April 2023 457,444
NET BOOK VALUE
At 30 April 2023 457,444
At 31 July 2022 650,556

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 56,454 81,221
Other debtors 920,057 287,875
976,511 369,096

Mylako Limited (Registered number: 05884963)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 30 April 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 16,144 20,992
Taxation and social security 408,020 112,153
Other creditors 1,219,863 1,501,040
1,644,027 1,634,185

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2