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REGISTERED NUMBER: 12459932 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th November 2023

for

MILESTONES LONDON LIMITED

MILESTONES LONDON LIMITED (REGISTERED NUMBER: 12459932)






Contents of the Financial Statements
for the year ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

MILESTONES LONDON LIMITED

Company Information
for the year ended 30th November 2023







DIRECTORS: A Patel
A Patel





REGISTERED OFFICE: 2 Burton House
Repton Place
White Lion Road
Amersham
Buckinghamshire
HP7 9LP





REGISTERED NUMBER: 12459932 (England and Wales)





ACCOUNTANTS: Jacquards
2 Burton House
Repton Place
White Lion Road
Amersham
Buckinghamshire
HP7 9LP

MILESTONES LONDON LIMITED (REGISTERED NUMBER: 12459932)

Balance Sheet
30th November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 446,376 482,920

CURRENT ASSETS
Stocks 17,279 23,579
Debtors 5 24,427 25,435
Cash at bank 134,174 31,460
175,880 80,474
CREDITORS
Amounts falling due within one year 6 823,713 721,399
NET CURRENT LIABILITIES (647,833 ) (640,925 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(201,457

)

(158,005

)

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings (201,467 ) (158,015 )
SHAREHOLDERS' FUNDS (201,457 ) (158,005 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 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.

MILESTONES LONDON LIMITED (REGISTERED NUMBER: 12459932)

Balance Sheet - continued
30th November 2023


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 25th November 2024 and were signed on its behalf by:





A Patel - Director


MILESTONES LONDON LIMITED (REGISTERED NUMBER: 12459932)

Notes to the Financial Statements
for the year ended 30th November 2023

1. STATUTORY INFORMATION

Milestones London 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold cost and improvements - over the lease period
Plant, machinery and equipment - 10% to 33% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MILESTONES LONDON LIMITED (REGISTERED NUMBER: 12459932)

Notes to the Financial Statements - continued
for the year ended 30th November 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2022 510,301
Additions 8,119
At 30th November 2023 518,420
DEPRECIATION
At 1st December 2022 27,381
Charge for year 44,663
At 30th November 2023 72,044
NET BOOK VALUE
At 30th November 2023 446,376
At 30th November 2022 482,920

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors - 140
Amounts owed by group undertakings 150 -
Other debtors 9,277 10,295
9,427 10,435

Amounts falling due after more than one year:
Other debtors 15,000 15,000

Aggregate amounts 24,427 25,435

MILESTONES LONDON LIMITED (REGISTERED NUMBER: 12459932)

Notes to the Financial Statements - continued
for the year ended 30th November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 29,405 58,672
Amounts owed to group undertakings 675,258 622,054
Taxation and social security 40,502 16,936
Other creditors 78,548 23,737
823,713 721,399

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary 1.00 10 10

8. ULTIMATE CONTROLLING PARTY

The controlling party is Harold Hill Limited which is the parent company. The ultimate controlling parties are Amit Patel and Aneesh Patel, the directors and each a holder of 50% of the issued share capital of the parent company.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Milestones London Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Milestones London Limited for the year ended 30th November 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Milestones London Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Milestones London Limited and state those matters that we have agreed to state to the Board of Directors of Milestones London Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Milestones London Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Milestones London Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Milestones London Limited. You consider that Milestones London Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Milestones London Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Jacquards
2 Burton House
Repton Place
White Lion Road
Amersham
Buckinghamshire
HP7 9LP


25th November 2024