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REGISTERED NUMBER: 13678802 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Milestone Holdings Group Ltd

Milestone Holdings Group Ltd (Registered number: 13678802)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Milestone Holdings Group Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Z C Harrison
P C Harrison
P A Fahey





REGISTERED OFFICE: Milestone House Bondgate Industrial Esta
Bondgate
Pontefract
WF8 2JJ





REGISTERED NUMBER: 13678802 (England and Wales)





ACCOUNTANTS: Whitesides Chartered Accountants
Lister House
Lister Hill
Horsforth
Leeds
LS18 5AZ

Milestone Holdings Group Ltd (Registered number: 13678802)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,221 1,221

CURRENT ASSETS
Debtors 5 100 100

CREDITORS
Amounts falling due within one year 6 1,221 1,221
NET CURRENT LIABILITIES (1,121 ) (1,121 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

100

CAPITAL AND RESERVES
Called up share capital 8 100 100
SHAREHOLDERS' FUNDS 100 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





Z C Harrison - Director


Milestone Holdings Group Ltd (Registered number: 13678802)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Milestone Holdings Group Ltd 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.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. The directors do not consider there to be any key sources of estimation uncertainty affecting the entity.

Key sources of estimation uncertainty
The directors consider there to be no key sources of estimation uncertainty which have a material impact on the financial statements.

Critical judgements
The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Impairment of investments
The company reviews the carrying value of its investments for indications of impairment at each year end. If indicators of impairments exist, the carrying value of the asset is subject to further testing to determine whether its carrying value exceeds its recoverable amount. See note 7 for details of the carrying amount of the company's investments.

Investments in subsidiaries
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

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 balance sheet date.


Milestone Holdings Group Ltd (Registered number: 13678802)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Reduced disclosure framework
This entity is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss for the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

- Section 7 'Statement of Cash Flows' - Presentation of a statement of cash flow and related notes and disclosures;
- Section 33 'Related Party Disclosures' - Compensation for key management personnel.

Going concern
At 31 January 2024, the company had net current liabilities of £1,121 (2023 - £1,121). The net current liability position is due to an amount owed to the company's subsidiary undertaking. The directors are confident that the amount owed to the subsidiary will not be called in for at least one year from the date of approval of the financial statements. Thus, the financial statements continue to be prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 1,221
NET BOOK VALUE
At 31 January 2024 1,221
At 31 January 2023 1,221

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

Milestone Roofing Systems Ltd
Registered office: Milestone House, Bondgate Industrial Estate, Pontefract, WF8 2JJ
Nature of business: Commercial and industrial roofing services.
%
Class of shares: holding
Ordinary 58.50

Milestone Holdings Group Ltd (Registered number: 13678802)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. FIXED ASSET INVESTMENTS - continued

Milestone Project Services Ltd
Registered office: Milestone House, Bondgate Industrial Estate, Pontefract, WF8 2JJ
Nature of business: Specialised construction services
%
Class of shares: holding
Ordinary 51.00

Milestone M&E Ltd
Registered office: Milestone House, Bondgate Industrial Estate, Pontefract, WF8 2JJ
Nature of business: Dormant
%
Class of shares: holding
Ordinary 58.50

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other debtors 100 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

The balance in other creditors is made up of amounts owed to group undertakings as follows:

20232022
Milestone Project Services Ltd510
Milestone M&E Ltd5850
Milestone Roofing Systems Ltd5850
1,2210


Amounts owed to group undertakings are interest free and repayable on demand.

7. FINANCIAL INSTRUMENTS

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the financial instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Share capital 1 100 100 100

Milestone Holdings Group Ltd (Registered number: 13678802)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties of Milestone Holdings Group Ltd are Peter Harrison and Zoe Harrison and Zoe
Harrison, by virtue of their 50% shareholding and the influence they hold with each other.