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REGISTERED NUMBER: SC704852 (Scotland)











































Milldown Limited

Unaudited Financial Statements

for the Year Ended 30th April 2024






Milldown Limited (Registered number: SC704852)






Contents of the Financial Statements
for the year ended 30th April 2024




Page

Company information 1

Statement of financial position 2

Notes to the financial statements 3 to 4


Milldown Limited

Company Information
for the year ended 30th April 2024







Director: A H Aitchison





Registered office: 15 Busscraig Place
Eyemouth
Berwickshire
TD14 5DJ





Registered number: SC704852 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Milldown Limited (Registered number: SC704852)

Statement of Financial Position
30th April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 131,195 70,944

Current assets
Debtors 5 291 14,145
Cash at bank 1,651 44,689
1,942 58,834
Creditors
Amounts falling due within one year 6 148,862 139,548
Net current liabilities (146,920 ) (80,714 )
Total assets less current liabilities (15,725 ) (9,770 )

Capital and reserves
Called up share capital 100 100
Retained earnings (15,825 ) (9,870 )
(15,725 ) (9,770 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26th February 2025 and were signed by:





A H Aitchison - Director


Milldown Limited (Registered number: SC704852)

Notes to the Financial Statements
for the year ended 30th April 2024

1. Statutory information

Milldown Limited is a private company, limited by shares , registered in Scotland. 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 represents the total invoice value, excluding value added tax, of sales invoiced during the year.

Turnover arising from the glamping pods is recognised at the invoice date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Glamping pods - 2% on cost
Plant and machinery - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - accruals, directors' loans and other loans.

Directors' loans, other loans and accruals (being repayable on demand) are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Milldown Limited (Registered number: SC704852)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

2. Accounting policies - continued

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Going concern
The company has a deficit on the balance sheet and made a further loss this period. However the company is still at development stage therefore the accounts have been prepared on a going concern basis. A full year's income will be achieved in the next accounting period.

3. Employees and directors

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

4. Tangible fixed assets
Glamping Plant and
pods machinery Totals
£    £    £   
Cost
At 1st May 2023 69,347 2,055 71,402
Additions 60,650 - 60,650
At 30th April 2024 129,997 2,055 132,052
Depreciation
At 1st May 2023 - 458 458
Charge for year - 399 399
At 30th April 2024 - 857 857
Net book value
At 30th April 2024 129,997 1,198 131,195
At 30th April 2023 69,347 1,597 70,944

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 291 14,145

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Taxation and social security 242 -
Other creditors 148,620 139,548
148,862 139,548