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Company Registration No. 1669093 (England and Wales)
Milson Securities Limited Unaudited accounts for the year ended 31 March 2024
Milson Securities Limited Unaudited accounts Contents
Page
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Milson Securities Limited Company Information for the year ended 31 March 2024
Directors
Mohammed Ishtiaq Latif Naghma Ishtiaq Latif Amir Ishtiaq Latif
Company Number
1669093 (England and Wales)
Registered Office
65 Westfield Road Edgbaston BIRMINGHAM WEST MIDLANDS B15 3JF ENGLAND
Accountants
Clark & Deen Taxpro Limited Benson House, Suite D 98-104 Lombard Street Birmingham West Midlands B12 0QR
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Milson Securities Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
75,851 
86,341 
Investment property
7,335,409 
7,321,152 
7,411,260 
7,407,493 
Current assets
Debtors
1,544,627 
1,718,239 
Cash at bank and in hand
1,121,822 
355,052 
2,666,449 
2,073,291 
Creditors: amounts falling due within one year
(1,108,964)
(609,827)
Net current assets
1,557,485 
1,463,464 
Total assets less current liabilities
8,968,745 
8,870,957 
Creditors: amounts falling due after more than one year
(2,043,750)
(2,064,750)
Provisions for liabilities
Deferred tax
(106,187)
(103,970)
Other provisions
(165,040)
(165,040)
(271,227)
(269,010)
Net assets
6,653,768 
6,537,197 
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Milson Securities Limited Statement of financial position as at 31 March 2024 (continued)
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
473,004 
473,004 
Profit and loss account
6,180,664 
6,064,093 
Shareholders' funds
6,653,768 
6,537,197 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by
Mohammed Ishtiaq Latif Director Company Registration No. 1669093
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Milson Securities Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Milson Securities Limited is a private company, limited by shares, registered in England and Wales, registration number 1669093. The registered office is 65 Westfield Road, Edgbaston, BIRMINGHAM, WEST MIDLANDS, B15 3JF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
10% reducing balance
Computer equipment
20% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Milson Securities Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
1,235 
34,885 
641,440 
184,812 
862,372 
Additions
- 
- 
- 
2,955 
2,955 
At 31 March 2024
1,235 
34,885 
641,440 
187,767 
865,327 
Depreciation
At 1 April 2023
1,235 
8,721 
584,213 
181,862 
776,031 
Charge for the year
- 
6,541 
5,723 
1,181 
13,445 
At 31 March 2024
1,235 
15,262 
589,936 
183,043 
789,476 
Net book value
At 31 March 2024
- 
19,623 
51,504 
4,724 
75,851 
At 31 March 2023
- 
26,164 
57,227 
2,950 
86,341 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
7,321,152 
Additions
14,257 
At 31 March 2024
7,335,409 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
290,254 
255,265 
Amounts due from group undertakings etc.
1,110,779 
1,110,779 
Accrued income and prepayments
12,774 
12,193 
Other debtors
- 
340,002 
1,413,807 
1,718,239 
Amounts falling due after more than one year
Other debtors
130,820 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
7,442 
10,829 
Trade creditors
11,018 
6,359 
Taxes and social security
35,420 
24,701 
Other creditors
18,035 
14,035 
Loans from directors
434,227 
441,813 
Accruals
- 
1,800 
Deferred income
602,822 
110,290 
1,108,964 
609,827 
- 7 -
Milson Securities Limited Notes to the Accounts for the year ended 31 March 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,043,750 
2,064,750 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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