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REGISTERED NUMBER: 14151243 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

MILLROSE HOLDINGS LIMITED

MILLROSE HOLDINGS LIMITED (REGISTERED NUMBER: 14151243)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MILLROSE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: M S Goodwin





REGISTERED OFFICE: Suite 7 Maxron House Green Lane
Romiley
Stockport
Greater Manchester
SK6 3JQ





REGISTERED NUMBER: 14151243 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

MILLROSE HOLDINGS LIMITED (REGISTERED NUMBER: 14151243)

BALANCE SHEET
30 JUNE 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 384,526 365,000

CURRENT ASSETS
Cash at bank and in hand 217 1,128

CREDITORS
Amounts falling due within one year 5 282,336 282,940
NET CURRENT LIABILITIES (282,119 ) (281,812 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,407

83,188

PROVISIONS FOR LIABILITIES 6 19,457 15,805
NET ASSETS 82,950 67,383

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 82,948 67,381
SHAREHOLDERS' FUNDS 82,950 67,383

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2025 and were signed by:





M S Goodwin - Director


MILLROSE HOLDINGS LIMITED (REGISTERED NUMBER: 14151243)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

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

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.

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.

Going concern
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

MILLROSE HOLDINGS LIMITED (REGISTERED NUMBER: 14151243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 365,000
Additions 19,526
At 30 June 2024 384,526
NET BOOK VALUE
At 30 June 2024 384,526
At 30 June 2023 365,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2023 132,753
Cost 251,773
384,526

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Other creditors 280,896 281,500
Accrued expenses 1,440 1,440
282,336 282,940

6. PROVISIONS FOR LIABILITIES
30/6/24 30/6/23
£    £   
Deferred tax 19,457 15,805

Deferred
tax
£   
Balance at 1 July 2023 15,805
Charge to Income Statement during year 3,652
Balance at 30 June 2024 19,457

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/24 30/6/23
value: £    £   
2 Ordinary 1 2 2

MILLROSE HOLDINGS LIMITED (REGISTERED NUMBER: 14151243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. RELATED PARTY DISCLOSURES

During the year, the following companies were considered to be related parties of Millrose Holdings Limited, by virtue of common control:

Carchat Ltd
Motion Graphix Limited

During the period, various monies were loaned to and from Carchat Ltd and the company charged Carchat Ltd rent totalling £12,000 excl. VAT (2023: £8,000) and a management charge £5,000 excl. VAT (2023: £5,000). As at 30 June 2024, the company owed Carchat Ltd £280,896 (2023: £145,500). This amount is repayable on demand and no interest has been charged on this loan.

In addition, during the period, the company was loaned £11,500 from and repaid £147,500 to Motion Graphix Limited. As at 30 June 2024, the company owed Motion Graphix Limited £Nil (2023:£136,000).