IRIS Accounts Production v25.1.3.33 09165972 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh091659722023-08-31091659722024-08-31091659722023-09-012024-08-31091659722022-08-31091659722022-09-012023-08-31091659722023-08-3109165972ns15:EnglandWales2023-09-012024-08-3109165972ns14:PoundSterling2023-09-012024-08-3109165972ns10:Director12023-09-012024-08-3109165972ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3109165972ns10:SmallEntities2023-09-012024-08-3109165972ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3109165972ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3109165972ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3109165972ns10:AbridgedAccounts2023-09-012024-08-310916597212023-09-012024-08-3109165972ns10:OrdinaryShareClass12023-09-012024-08-3109165972ns10:Director22023-09-012024-08-3109165972ns10:RegisteredOffice2023-09-012024-08-3109165972ns5:CurrentFinancialInstruments2024-08-3109165972ns5:CurrentFinancialInstruments2023-08-3109165972ns5:ShareCapital2024-08-3109165972ns5:ShareCapital2023-08-3109165972ns5:RetainedEarningsAccumulatedLosses2024-08-3109165972ns5:RetainedEarningsAccumulatedLosses2023-08-3109165972ns5:NetGoodwill2023-09-012024-08-3109165972ns10:OrdinaryShareClass12024-08-31
REGISTERED NUMBER: 09165972 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Milford Taverns Limited

Milford Taverns Limited (Registered number: 09165972)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Milford Taverns Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: K S Atwal
L S Atwal





REGISTERED OFFICE: The Hill House
Sinfin Lane
Barrow on Trent
Derby
DE73 7HH





REGISTERED NUMBER: 09165972 (England and Wales)





ACCOUNTANTS: Bourne & Co.
Chartered Accountants
47a Queen Street
Derby
Derbyshire
DE1 3DE

Milford Taverns Limited (Registered number: 09165972)

Abridged Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Investment property 5 1,376,611 1,376,611
1,376,611 1,376,611

CURRENT ASSETS
Debtors 7,500 12,460
Cash at bank and in hand 98,489 69,574
105,989 82,034
CREDITORS
Amounts falling due within one year 1,372,759 1,431,461
NET CURRENT LIABILITIES (1,266,770 ) (1,349,427 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,841

27,184

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 109,741 27,084
SHAREHOLDERS' FUNDS 109,841 27,184

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

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 14 May 2025 and were signed on its behalf by:





K S Atwal - Director


Milford Taverns Limited (Registered number: 09165972)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Milford Taverns 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on the going concern basis which presumes that the company will continue in operation for 12 months from the signing of these accounts The directors continue to monitor the company finances and these show the company to be in a position to meet its liabilities as they fall due and for operations to continue.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of three years.

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.

3. EMPLOYEES AND DIRECTORS

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

Milford Taverns Limited (Registered number: 09165972)

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023
and 31 August 2024 35,000
AMORTISATION
At 1 September 2023
and 31 August 2024 35,000
NET BOOK VALUE

At 31 August 2024 -
At 31 August 2023 -

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 September 2023
and 31 August 2024 1,376,611
NET BOOK VALUE
At 31 August 2024 1,376,611
At 31 August 2023 1,376,611

The investment properties were valued by a director at 31 August 2024, no revaluation of the figures included in the accounts were deemed necessary.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100