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REGISTERED NUMBER: 08330133 (England and Wales)















MILTON HOUSE (ACH) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






MILTON HOUSE (ACH) LIMITED (REGISTERED NUMBER: 08330133)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


MILTON HOUSE (ACH) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mrs K.M. Bailey
Mr J Bailey





REGISTERED OFFICE: 15-17 Church Street
Stourbridge
West Midlands
DY8 1LU





REGISTERED NUMBER: 08330133 (England and Wales)





ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MILTON HOUSE (ACH) 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 Milton House (ACH) Limited for the year ended 31 October 2024 which comprise the Income Statement, 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 Milton House (ACH) 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 Milton House (ACH) Limited and state those matters that we have agreed to state to the Board of Directors of Milton House (ACH) 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 Milton House (ACH) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Milton House (ACH) 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 Milton House (ACH) Limited. You consider that Milton House (ACH) 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 Milton House (ACH) 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.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


20 January 2025

MILTON HOUSE (ACH) LIMITED (REGISTERED NUMBER: 08330133)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 770,000 770,000

CURRENT ASSETS
Debtors 5 718 -
Cash at bank and in hand 3,677 7,318
4,395 7,318
CREDITORS
Amounts falling due within one year 6 30,738 48,295
NET CURRENT LIABILITIES (26,343 ) (40,977 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

743,657

729,023

CREDITORS
Amounts falling due after more than one year 7 (651,908 ) (636,995 )

PROVISIONS FOR LIABILITIES (3,655 ) (3,655 )
NET ASSETS 88,094 88,373

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 9 89,968 89,968
Retained earnings (1,875 ) (1,596 )
SHAREHOLDERS' FUNDS 88,094 88,373

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

MILTON HOUSE (ACH) LIMITED (REGISTERED NUMBER: 08330133)

BALANCE SHEET - continued
31 OCTOBER 2024


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 20 January 2025 and were signed on its behalf by:





Mr J Bailey - Director


MILTON HOUSE (ACH) LIMITED (REGISTERED NUMBER: 08330133)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Milton House (ACH) 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net sales of goods/services, excluding value added tax

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not depreciated

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.

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 12 (2023 - 11 ) .

MILTON HOUSE (ACH) LIMITED (REGISTERED NUMBER: 08330133)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 November 2023
and 31 October 2024 770,000
NET BOOK VALUE
At 31 October 2024 770,000
At 31 October 2023 770,000

Cost or valuation at 31 October 2024 is represented by:

Land and
buildings
£   
Valuation in 2021 89,968
Cost 680,032
770,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 718 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,126 36,826
Taxation and social security 3,885 3,372
Other creditors 3,727 8,097
30,738 48,295

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 22,587
Amounts owed to group undertakings 651,908 614,408
651,908 636,995

MILTON HOUSE (ACH) LIMITED (REGISTERED NUMBER: 08330133)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 23,126 59,413

A legal charge is held over Milton House, 39-41 Spenser Road, Bedford in respect of the repayment of the Loan.

9. RESERVES
Revaluation
reserve
£   
At 1 November 2023
and 31 October 2024 89,968

10. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of Approach Community Homes Limited. Approach Community Homes Limited also has two other wholly owned subsidiary companies; Merrimore House Limited and Fullwood House (ACH) Limited.

During the year Milton House (ACH) Limited paid management fees of £107,502 (2023: £134,700) to Approach Community Homes Limited.

At the balance sheet date Milton House (ACH) Limited owed Approach Community Homes Limited £614,408 (2023: £614,408).