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REGISTERED NUMBER: 09414427 (England and Wales)













MILBURNREES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






MILBURNREES LIMITED (REGISTERED NUMBER: 09414427)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MILBURNREES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: Mr A M Williams





REGISTERED OFFICE: 20-22 Wenlock Road
London
N1 7GU





REGISTERED NUMBER: 09414427 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

MILBURNREES LIMITED (REGISTERED NUMBER: 09414427)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2025

2025 2024
Notes £ £ £
FIXED ASSETS
Intangible assets 4 - 1,100
Tangible assets 5 38,471 47,584
38,471 48,684

CURRENT ASSETS
Debtors 6 4,303 2,160
Cash at bank 16,156 7,751
20,459 9,911
CREDITORS
Amounts falling due within one year 7 37,397 32,158
NET CURRENT LIABILITIES (16,938 ) (22,247 )
TOTAL ASSETS LESS CURRENT LIABILITIES 21,533 26,437

CREDITORS
Amounts falling due after more than one year 8 8,102 10,046
NET ASSETS 13,431 16,391

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 13,430 16,390
SHAREHOLDERS' FUNDS 13,431 16,391

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.

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 director and authorised for issue on 10 June 2025 and were signed by:





Mr A M Williams - Director


MILBURNREES LIMITED (REGISTERED NUMBER: 09414427)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Milburnrees 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.

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 ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% straight line on cost
Computer equipment - 25% on reducing balance

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 April 2024
and 31 March 2025 11,000
AMORTISATION
At 1 April 2024 9,900
Amortisation for year 1,100
At 31 March 2025 11,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 1,100

MILBURNREES LIMITED (REGISTERED NUMBER: 09414427)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


5. TANGIBLE FIXED ASSETS
Improvements Motor Computer
to property vehicles equipment Totals
£ £ £ £
COST
At 1 April 2024
and 31 March 2025 22,269 33,040 1,727 57,036
DEPRECIATION
At 1 April 2024 2,227 6,608 617 9,452
Charge for year 2,227 6,608 278 9,113
At 31 March 2025 4,454 13,216 895 18,565
NET BOOK VALUE
At 31 March 2025 17,815 19,824 832 38,471
At 31 March 2024 20,042 26,432 1,110 47,584

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade debtors - 2,160
Other debtors 4,303 -
4,303 2,160

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Bank loans and overdrafts 1,944 1,944
Taxation and social security 2,503 1,044
Other creditors 32,950 29,170
37,397 32,158

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£ £
Bank loans 8,102 10,046

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
1 Ordinary £1 1 1

10. RELATED PARTY DISCLOSURES

At the year end the company owed £32,000 (2024: £7,000) to a company in which the director has a significant interest.