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REGISTERED NUMBER: 13071725 (England and Wales)















Millington Family Investments Ltd

Unaudited Financial Statements for the Year Ended 31st December 2024






Millington Family Investments Ltd (Registered number: 13071725)

Contents of the Financial Statements
for the Year Ended 31st December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Millington Family Investments Ltd

Company Information
for the Year Ended 31st December 2024







DIRECTORS: A D Millington
Mrs C L Millington
C A Millington





REGISTERED OFFICE: 2 & 3 The Barns
Longham Farm Close
Ferndown
BH22 9DE





REGISTERED NUMBER: 13071725 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT

Millington Family Investments Ltd (Registered number: 13071725)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,108 28,813
Investments 5 2,878,735 -
Investment property 6 9,685,000 6,992,686
12,613,843 7,021,499

CURRENT ASSETS
Debtors 7 1,803,314 1,620,372
Cash at bank 2,486,930 5,754,841
4,290,244 7,375,213
CREDITORS
Amounts falling due within one year 8 4,010,707 6,843,062
NET CURRENT ASSETS 279,537 532,151
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,893,380

7,553,650

CREDITORS
Amounts falling due after more than
one year

9

(10,670,000

)

(7,370,000

)

PROVISIONS FOR LIABILITIES (417,159 ) (7,203 )
NET ASSETS 1,806,221 176,447

Millington Family Investments Ltd (Registered number: 13071725)

Balance Sheet - continued
31st December 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 4,000 4,000
Fair value reserve 11 1,213,897 -
Retained earnings 11 588,324 172,447
SHAREHOLDERS' FUNDS 1,806,221 176,447

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

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

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 7th March 2025 and were signed on its behalf by:





A D Millington - Director


Millington Family Investments Ltd (Registered number: 13071725)

Notes to the Financial Statements
for the Year Ended 31st December 2024


1. STATUTORY INFORMATION

Millington Family Investments Ltd 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 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.
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


Millington Family Investments Ltd (Registered number: 13071725)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024


2. ACCOUNTING POLICIES - continued
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 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st January 2024 3,677 796 45,594 5,447 55,514
Additions 1,161 - 36,432 1,799 39,392
Disposals - - - (812 ) (812 )
At 31st December 2024 4,838 796 82,026 6,434 94,094
DEPRECIATION
At 1st January 2024 1,898 358 19,947 4,498 26,701
Charge for year 974 119 15,520 943 17,556
Eliminated on disposal - - - (271 ) (271 )
At 31st December 2024 2,872 477 35,467 5,170 43,986
NET BOOK VALUE
At 31st December 2024 1,966 319 46,559 1,264 50,108
At 31st December 2023 1,779 438 25,647 949 28,813

Millington Family Investments Ltd (Registered number: 13071725)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024


5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Investments - Coutts 2,878,735 -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2024 6,992,686
Additions 1,073,785
Revaluations 1,618,529
At 31st December 2024 9,685,000
NET BOOK VALUE
At 31st December 2024 9,685,000
At 31st December 2023 6,992,686

Fair value at 31st December 2024 is represented by:
£   
Valuation in 2024 1,618,529
Cost 8,066,471
9,685,000

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 7,948 861
Loans 150,061 184,999
Prepayments 1,895 4,927
159,904 190,787

Millington Family Investments Ltd (Registered number: 13071725)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024


7. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Loan due over one year 1,643,410 1,429,585

Aggregate amounts 1,803,314 1,620,372

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,902 116
Tax 133,969 36,071
Social security and other taxes 4,459 284
Other creditors 417 -
Directors' current accounts 3,848,320 6,744,231
Accrued expenses 16,640 62,360
4,010,707 6,843,062

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 4,835,000 3,185,000
Directors' loan accounts 5,835,000 4,185,000
10,670,000 7,370,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,000 Ordinary A Shares 1 2,000 2,000
2,000 Ordinary B Shares 1 2,000 2,000
4,000 4,000

Millington Family Investments Ltd (Registered number: 13071725)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024


11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1st January 2024 172,447 - 172,447
Profit for the year 1,631,774 1,631,774
Dividends (2,000 ) (2,000 )
Transfer (1,213,897 ) 1,213,897 -
At 31st December 2024 588,324 1,213,897 1,802,221

12. FIRST YEAR ADOPTION
1.1.23 31.12. 23
£    £   
Equity as reported under UK GAAP - 183,650
Deferred Tax - (7,203 )
Equity as restated under FRS 102 - 176,447