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REGISTERED NUMBER: 09520751 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 APRIL 2024

FOR

MILAN ENTERPRISE LIMITED

MILAN ENTERPRISE LIMITED (REGISTERED NUMBER: 09520751)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MILAN ENTERPRISE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 APRIL 2024







DIRECTOR: Mr P M S Gill





REGISTERED OFFICE: 13-14 Gelliwastad Road
Pontypridd
RCT
CF37 2BW





REGISTERED NUMBER: 09520751 (England and Wales)





ACCOUNTANTS: Sullivans Chartered Accountants
13-14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW

MILAN ENTERPRISE LIMITED (REGISTERED NUMBER: 09520751)

STATEMENT OF FINANCIAL POSITION
29 APRIL 2024

29/4/24 29/4/23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 7,301 9,890

CURRENT ASSETS
Debtors 5 778,380 801,380
Cash at bank 5,401 13,689
783,781 815,069
CREDITORS
Amounts falling due within one year 6 252,966 266,131
NET CURRENT ASSETS 530,815 548,938
TOTAL ASSETS LESS CURRENT
LIABILITIES

538,116

558,828

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 538,115 558,827
SHAREHOLDERS' FUNDS 538,116 558,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 2024 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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 October 2024 and were signed by:





Mr P M S Gill - Director


MILAN ENTERPRISE LIMITED (REGISTERED NUMBER: 09520751)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2024

1. STATUTORY INFORMATION

Milan Enterprise 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 represents invoiced amounts, net of VAT, to customers for various management and consultancy services.Turnover is recognised when there is a contractual right to income which is generally based upon completion of events.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

MILAN ENTERPRISE LIMITED (REGISTERED NUMBER: 09520751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 APRIL 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 30 April 2023
and 29 April 2024 20,444
DEPRECIATION
At 30 April 2023 10,554
Charge for year 2,589
At 29 April 2024 13,143
NET BOOK VALUE
At 29 April 2024 7,301
At 29 April 2023 9,890

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/4/24 29/4/23
£    £   
Amounts owed by group undertakings 772,120 795,120
Amounts owed by associates 6,260 6,260
778,380 801,380

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/4/24 29/4/23
£    £   
Trade creditors 2,829 124
Taxation and social security 7,053 13,331
Other creditors 243,084 252,676
252,966 266,131

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29/4/24 29/4/23
value: £    £   
1 Ordinary £1 1 1

8. ULTIMATE CONTROLLING PARTY

The controlling party is WMA Holdings Limited.