IRIS Accounts Production v24.3.2.46 09284531 Board of Directors Board of Directors 1.11.23 31.10.24 31.10.24 0 0 false true false false true false 103 103 457 312 248 103 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh092845312023-10-31092845312024-10-31092845312023-11-012024-10-31092845312022-10-31092845312022-11-012023-10-31092845312023-10-3109284531ns15:EnglandWales2023-11-012024-10-3109284531ns14:PoundSterling2023-11-012024-10-3109284531ns10:Director12023-11-012024-10-3109284531ns10:Director22023-11-012024-10-3109284531ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3109284531ns10:SmallEntities2023-11-012024-10-3109284531ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3109284531ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3109284531ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3109284531ns10:FullAccounts2023-11-012024-10-3109284531ns10:Director2422023-10-3109284531ns10:Director2422022-10-3109284531ns10:Director2422023-11-012024-10-3109284531ns10:Director2422024-10-3109284531ns10:Director2422023-10-3109284531ns10:RegisteredOffice2023-11-012024-10-3109284531ns5:CurrentFinancialInstruments2024-10-3109284531ns5:CurrentFinancialInstruments2023-10-3109284531ns5:ShareCapital2024-10-3109284531ns5:ShareCapital2023-10-3109284531ns5:RetainedEarningsAccumulatedLosses2024-10-3109284531ns5:RetainedEarningsAccumulatedLosses2023-10-3109284531ns5:FurnitureFittings2023-11-012024-10-3109284531ns5:FurnitureFittings2023-10-3109284531ns5:FurnitureFittings2024-10-3109284531ns5:FurnitureFittings2023-10-3109284531ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3109284531ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31092845311ns10:Director12023-10-31092845311ns10:Director12022-10-31092845311ns10:Director12023-11-012024-10-31092845311ns10:Director12022-11-012023-10-31092845311ns10:Director12024-10-31092845311ns10:Director12023-10-31
REGISTERED NUMBER: 09284531 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

MILTONSIDE LIMITED

MILTONSIDE LIMITED (REGISTERED NUMBER: 09284531)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MILTONSIDE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mr M C Kelly
Mrs J R Kelly



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 09284531 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Santander
Bridle Road
Bootle
Merseyside
L30 4GB

MILTONSIDE LIMITED (REGISTERED NUMBER: 09284531)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 545 641
Investment property 5 707,886 707,886
708,431 708,527

CURRENT ASSETS
Debtors 6 2,099 103
Investments 7 186,392 180,000
Cash at bank 111,213 109,392
299,704 289,495
CREDITORS
Amounts falling due within one year 8 979,000 943,080
NET CURRENT LIABILITIES (679,296 ) (653,585 )
TOTAL ASSETS LESS CURRENT LIABILITIES 29,135 54,942

PROVISIONS FOR LIABILITIES 104 -
NET ASSETS 29,031 54,942

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 28,930 54,841
SHAREHOLDERS' FUNDS 29,031 54,942

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.

MILTONSIDE LIMITED (REGISTERED NUMBER: 09284531)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:




Mrs J R Kelly - Director



Mr M C Kelly - Director


MILTONSIDE LIMITED (REGISTERED NUMBER: 09284531)

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


1. STATUTORY INFORMATION

Miltonside 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is measured at cost less accumulated depreciation and any accumulated impairment losses.

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 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.

MILTONSIDE LIMITED (REGISTERED NUMBER: 09284531)

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


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 November 2023
and 31 October 2024 3,098
DEPRECIATION
At 1 November 2023 2,457
Charge for year 96
At 31 October 2024 2,553
NET BOOK VALUE
At 31 October 2024 545
At 31 October 2023 641

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 November 2023
and 31 October 2024 707,886
NET BOOK VALUE
At 31 October 2024 707,886
At 31 October 2023 707,886

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,851 -
Directors' current accounts 248 103
2,099 103

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 186,392 180,000

MILTONSIDE LIMITED (REGISTERED NUMBER: 09284531)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 976,857 935,657
Tax (116 ) 6,529
Other creditors 1,851 -
Accrued expenses 408 894
979,000 943,080

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
Mrs J R Kelly and Mr M C Kelly
Balance outstanding at start of year 103 103
Amounts advanced 457 -
Amounts repaid (312 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 248 103

Loans are unsecured, interest free and repayable on demand.