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Company Registration No. 09491830 (England and Wales)
Millo Estates Ltd Unaudited accounts for the year ended 31 March 2024
Millo Estates Ltd Unaudited accounts Contents
Page
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Millo Estates Ltd Company Information for the year ended 31 March 2024
Director
Bernard Low
Secretary
Bernard Low
Company Number
09491830 (England and Wales)
Registered Office
7 Craven Walk London N16 6BS United Kingdom
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Millo Estates Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
363,363 
362,749 
Current assets
Debtors
50,000 
50,000 
Cash at bank and in hand
3,791 
2,932 
53,791 
52,932 
Creditors: amounts falling due within one year
(144,724)
(135,192)
Net current liabilities
(90,933)
(82,260)
Total assets less current liabilities
272,430 
280,489 
Creditors: amounts falling due after more than one year
(170,580)
(180,137)
Provisions for liabilities
Deferred tax
(16,991)
(16,991)
Net assets
84,859 
83,361 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
84,857 
83,359 
Shareholders' funds
84,859 
83,361 
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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 26 January 2025 and were signed on its behalf by
Bernard Low Director Company Registration No. 09491830
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Millo Estates Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Millo Estates Ltd is a private company, limited by shares, registered in England and Wales, registration number 09491830. The registered office is 7 Craven Walk, London, N16 6BS, United Kingdom.
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:
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2023
364,551 
Additions
1,734 
At 31 March 2024
366,285 
Depreciation
At 1 April 2023
1,802 
Charge for the year
1,120 
At 31 March 2024
2,922 
Net book value
At 31 March 2024
363,363 
At 31 March 2023
362,749 
5
Transactions with related parties
Included within creditors are amounts aggregating to £86,020 (2023: £91,520) due to companies with a connection to the director of this company.
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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