Registered number: 09027692
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Arlington (Milburngate) Limited
Financial statements
Information for filing with the registrar
31 December 2023
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Arlington (Milburngate) Limited
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Balance sheet
At 31 December 2023
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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1
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Arlington (Milburngate) Limited
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Balance sheet (continued)
At 31 December 2023
The directors consider 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 directors acknowledge their 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 statement of comprehensive income 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 16 September 2024.
Registered number: 09027692
The notes on pages 3 to 5 form part of these financial statements.
2
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Arlington (Milburngate) Limited
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Notes to the financial statements
Year ended 31 December 2023
Arlington (Milburngate) Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is given in the company information page of this annual report.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdon and the Republic of Ireland' (FRS 102) and the Companies Act 2006.
The following principal accounting policies have been applied:
At the balance sheet date the company had excess liabilities over assets. The directors, having made
due and careful enquiry, are of the opinion that the company, with the support of its shareholders,
has adequate working capital to execute its operations over the next 12 months. The directors,
therefore, have made an informal judgement, at the time of approving the financial statements, that
there is reasonable expectation that the company has adequate resources to continue in operational
existence for the foreseeable future. As a result the directors have continued to adopt the going
concern basis of accounting in preparing the annual financial accounts.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
Investments in subsidiaries are measured at cost less accumulated impairment.
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
3
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Arlington (Milburngate) Limited
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Notes to the financial statements
Year ended 31 December 2023
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Amounts owed by group undertakings
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Called up share capital not paid
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Creditors: amounts falling due within one year
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Accruals and deferred income
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Allotted, called up and partly paid
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800 "A" Ordinary Shares shares of £1 each
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700 "B" Ordinary Shares shares of £1 each
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4
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Arlington (Milburngate) Limited
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Notes to the financial statements
Year ended 31 December 2023
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Related party transactions
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Included within other loans are the following amounts due to related parties:
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Arlington (Milburngate) Holding Co Limited
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Turnbull Family Investments Limited
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Turnbull Family Developments Limited
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Interest has been incurred on these loans at 7.5%, no security has been given and the loans are repayable on demand.
Included within debtors there is an amount owed from the related party MGH Card LLP of £441,000 (2022 : £Nil)
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5
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