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REGISTERED NUMBER: 07582565 (England and Wales)















Financial Statements for the Year Ended 31 March 2025

for

Millgate Associates Limited
T/A
The Willows

Millgate Associates Limited (Registered number: 07582565)
T/A The Willows






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Millgate Associates Limited
T/A The Willows

Company Information
for the year ended 31 March 2025







DIRECTOR: V Basir



REGISTERED OFFICE: 5 Albany Road
Earlsdon
Coventry
West Midlands
CV5 6JQ



BUSINESS ADDRESS: The Willows
Bath Street
Willenhall
West Midlands
WV13 2EY



REGISTERED NUMBER: 07582565 (England and Wales)



BANKERS: Lloyds Bank
Edgbaston B'ham

Millgate Associates Limited (Registered number: 07582565)
T/A The Willows

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 351,226 310,736

CURRENT ASSETS
Debtors 5 107,000 116,443
Cash at bank and in hand 307,348 269,469
414,348 385,912
CREDITORS
Amounts falling due within one year 6 53,417 60,026
NET CURRENT ASSETS 360,931 325,886
TOTAL ASSETS LESS CURRENT LIABILITIES 712,157 636,622

CREDITORS
Amounts falling due after more than one year 7 540,764 475,315
NET ASSETS 171,393 161,307

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 171,293 161,207
171,393 161,307

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Millgate Associates Limited (Registered number: 07582565)
T/A The Willows

Balance Sheet - continued
31 March 2025


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 20 May 2025 and were signed by:





V Basir - Director


Millgate Associates Limited (Registered number: 07582565)
T/A The Willows

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Millgate Associates 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.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 10 ) .

Millgate Associates Limited (Registered number: 07582565)
T/A The Willows

Notes to the Financial Statements - continued
for the year ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 2,015 623,387 625,402
Additions - 121,800 121,800
At 31 March 2025 2,015 745,187 747,202
DEPRECIATION
At 1 April 2024 - 314,666 314,666
Charge for year - 81,310 81,310
At 31 March 2025 - 395,976 395,976
NET BOOK VALUE
At 31 March 2025 2,015 349,211 351,226
At 31 March 2024 2,015 308,721 310,736

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 107,000 116,443

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 368 3,717
Taxation and social security 45,763 53,587
Other creditors 7,286 2,722
53,417 60,026

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 11,667 21,667
Other creditors 529,097 453,648
540,764 475,315