Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-312022-11-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07402416 2022-11-01 2023-10-31 07402416 2021-11-01 2022-10-31 07402416 2023-10-31 07402416 2022-10-31 07402416 c:Director1 2022-11-01 2023-10-31 07402416 c:RegisteredOffice 2022-11-01 2023-10-31 07402416 d:FurnitureFittings 2022-11-01 2023-10-31 07402416 d:FurnitureFittings 2023-10-31 07402416 d:FurnitureFittings 2022-10-31 07402416 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 07402416 d:ComputerEquipment 2022-11-01 2023-10-31 07402416 d:ComputerEquipment 2023-10-31 07402416 d:ComputerEquipment 2022-10-31 07402416 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 07402416 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 07402416 d:CurrentFinancialInstruments 2023-10-31 07402416 d:CurrentFinancialInstruments 2022-10-31 07402416 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 07402416 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 07402416 d:ShareCapital 2023-10-31 07402416 d:ShareCapital 2022-10-31 07402416 d:RetainedEarningsAccumulatedLosses 2023-10-31 07402416 d:RetainedEarningsAccumulatedLosses 2022-10-31 07402416 c:OrdinaryShareClass1 2022-11-01 2023-10-31 07402416 c:OrdinaryShareClass1 2023-10-31 07402416 c:OrdinaryShareClass1 2022-10-31 07402416 c:FRS102 2022-11-01 2023-10-31 07402416 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 07402416 c:FullAccounts 2022-11-01 2023-10-31 07402416 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 07402416 2 2022-11-01 2023-10-31 07402416 e:PoundSterling 2022-11-01 2023-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07402416














MILKWOOD ADVISORS LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
MILKWOOD ADVISORS LIMITED
 
 
COMPANY INFORMATION


Director
D Bengis 




Registered number
07402416



Registered office
Elsley Court
20-22 Great Titchfield Street

London

W1W 8BE




Accountants
SRLV LLP
Chartered Accountants

Elsley Court

20-22 Great Titchfield Street

London

W1W 8BE





 
MILKWOOD ADVISORS LIMITED
 

CONTENTS



Page
Balance sheet
1
Notes to the financial statements
2 - 5


 
MILKWOOD ADVISORS LIMITED
REGISTERED NUMBER:07402416

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,253
6,833

  
3,253
6,833

Current assets
  

Debtors
 5 
8,855
8,842

Cash at bank and in hand
 6 
1,956
7,832

  
10,811
16,674

Creditors: amounts falling due within one year
 7 
(186,643)
(202,030)

Net current liabilities
  
 
 
(175,832)
 
 
(185,356)

Total assets less current liabilities
  
(172,579)
(178,523)

  

Net liabilities
  
(172,579)
(178,523)


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
(172,580)
(178,524)

  
(172,579)
(178,523)


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 April 2024.




D Bengis
Director

The notes on pages 2 to 5 form part of these financial statements.

1

 
MILKWOOD ADVISORS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Milkwood Advisors Limited is a private company, limited by shares, registered in England and Wales, registration number 07402416
The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal place of business is 9 Baynes Mews, London, NW3 5BH.
The principal activity continued to be that of consultancy services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

Shareholder funds amounted to a net deficit in the year. The director has considered the implication of the Insolvency Act 1986 and regards the balance sheet position to be temporary only. The director has confirmed that, if required, he will provide financial support to the company to meet its liabilities as and when they fall due. The accounts have therefore been prepared on a going concern basis.

 
2.3

Revenue

Turnover represents amounts receivable for consultancy services provided.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

2

 
MILKWOOD ADVISORS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25% straight line
Computer equipment
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.7

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

3

 
MILKWOOD ADVISORS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 November 2022
26,155
2,310
28,465


Additions
-
2,293
2,293


Disposals
-
(913)
(913)



At 31 October 2023

26,155
3,690
29,845



Depreciation


At 1 November 2022
19,322
2,310
21,632


Charge for the year on owned assets
5,300
573
5,873


Disposals
-
(913)
(913)



At 31 October 2023

24,622
1,970
26,592



Net book value



At 31 October 2023
1,533
1,720
3,253



At 31 October 2022
6,834
-
6,834


5.


Debtors

2023
2022
£
£



Other debtors
3,698
3,688

Prepayments
5,157
5,154

8,855
8,842



6.


Cash

2023
2022
£
£

Cash at bank and in hand
1,956
7,832

1,956
7,832


4

 
MILKWOOD ADVISORS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
179,791
194,928

Accruals
6,852
7,102

186,643
202,030



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



9.


Related party transactions

At the year end a balance of £179,791 (2022 - £194,928) was due to the director.

 
5