131 Milward Road Limited 02506624 false 2023-09-02 2024-09-01 2024-09-01 The principal activity of the company is other letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true true 02506624 2023-09-02 2024-09-01 02506624 2024-09-01 02506624 core:RetainedEarningsAccumulatedLosses 2024-09-01 02506624 core:ShareCapital 2024-09-01 02506624 core:CurrentFinancialInstruments 2024-09-01 02506624 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-01 02506624 bus:SmallEntities 2023-09-02 2024-09-01 02506624 bus:AuditExemptWithAccountantsReport 2023-09-02 2024-09-01 02506624 bus:FilletedAccounts 2023-09-02 2024-09-01 02506624 bus:SmallCompaniesRegimeForAccounts 2023-09-02 2024-09-01 02506624 bus:RegisteredOffice 2023-09-02 2024-09-01 02506624 bus:Director1 2023-09-02 2024-09-01 02506624 bus:PrivateLimitedCompanyLtd 2023-09-02 2024-09-01 02506624 countries:EnglandWales 2023-09-02 2024-09-01 02506624 2022-09-02 2023-09-01 02506624 2023-09-01 02506624 core:RetainedEarningsAccumulatedLosses 2023-09-01 02506624 core:ShareCapital 2023-09-01 02506624 core:CurrentFinancialInstruments 2023-09-01 02506624 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-01 iso4217:GBP xbrli:pure

Registration number: 02506624

131 Milward Road Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 1 September 2024

 

131 Milward Road Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

131 Milward Road Limited

Company Information

Director

P A Robinson

Registered office

131 Milward Road Milward Road
Flat 2
Hastings
East Sussex
TN34 3RT

Accountants

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

 

131 Milward Road Limited

(Registration number: 02506624)
Balance Sheet as at 1 September 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

881

200

Cash at bank and in hand

 

300

-

 

1,181

200

Creditors: Amounts falling due within one year

5

(667)

(1,040)

Net assets/(liabilities)

 

514

(840)

Capital and reserves

 

Called up share capital

8

8

Retained earnings

506

(848)

Shareholders' funds/(deficit)

 

514

(840)

For the financial year ending 1 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 May 2025
 

.........................................
P A Robinson
Director

 

131 Milward Road Limited

Notes to the Unaudited Financial Statements for the Year Ended 1 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
131 Milward Road Milward Road
Flat 2
Hastings
East Sussex
TN34 3RT
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the maintenance fees received or receivable for the upkeep of the building in the ordinary course of the company's activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

131 Milward Road Limited

Notes to the Unaudited Financial Statements for the Year Ended 1 September 2024

Trade debtors

Trade debtors are amounts due from shareholders for unpaid maintenace fees.

Trade debtors are recognised initially as amount owing to the company. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Debtors

2024
£

2023
£

Trade debtors

881

200

881

200

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

67

540

Accruals and deferred income

600

500

667

1,040