Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31The principal activity continued to be that of consultancy services2023-11-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07402416 2023-11-01 2024-10-31 07402416 2022-11-01 2023-10-31 07402416 2024-10-31 07402416 2023-10-31 07402416 c:Director1 2023-11-01 2024-10-31 07402416 c:RegisteredOffice 2023-11-01 2024-10-31 07402416 d:FurnitureFittings 2023-11-01 2024-10-31 07402416 d:FurnitureFittings 2024-10-31 07402416 d:FurnitureFittings 2023-10-31 07402416 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 07402416 d:ComputerEquipment 2023-11-01 2024-10-31 07402416 d:ComputerEquipment 2024-10-31 07402416 d:ComputerEquipment 2023-10-31 07402416 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 07402416 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 07402416 d:CurrentFinancialInstruments 2024-10-31 07402416 d:CurrentFinancialInstruments 2023-10-31 07402416 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 07402416 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 07402416 d:ShareCapital 2024-10-31 07402416 d:ShareCapital 2023-10-31 07402416 d:RetainedEarningsAccumulatedLosses 2024-10-31 07402416 d:RetainedEarningsAccumulatedLosses 2023-10-31 07402416 c:OrdinaryShareClass1 2023-11-01 2024-10-31 07402416 c:OrdinaryShareClass1 2024-10-31 07402416 c:OrdinaryShareClass1 2023-10-31 07402416 c:FRS102 2023-11-01 2024-10-31 07402416 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 07402416 c:FullAccounts 2023-11-01 2024-10-31 07402416 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07402416 2 2023-11-01 2024-10-31 07402416 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07402416














MILKWOOD ADVISORS LIMITED

 
UNAUDITED

PAGES FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
MILKWOOD ADVISORS LIMITED
 
 
COMPANY INFORMATION


Director
D Bengis 




Registered number
07402416



Registered office
Elsley Court
20-22 Great Titchfield Street

London

W1W 8BE




Accountants
SRLV LLP
Chartered Accountants

Elsley Court

20-22 Great Titchfield Street

London

W1W 8BE





 
MILKWOOD ADVISORS LIMITED
 

CONTENTS



Page
Balance sheet
1
Notes to the financial statements
2 - 5


 
MILKWOOD ADVISORS LIMITED
REGISTERED NUMBER:07402416

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,147
3,253

  
1,147
3,253

Current assets
  

Debtors
 5 
8,726
8,855

Cash at bank and in hand
 6 
2,402
1,956

  
11,128
10,811

Creditors: amounts falling due within one year
 7 
(206,834)
(186,643)

Net current liabilities
  
 
 
(195,706)
 
 
(175,832)

Total assets less current liabilities
  
(194,559)
(172,579)

  

Net liabilities
  
(194,559)
(172,579)


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
(194,560)
(172,580)

  
(194,559)
(172,579)


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 June 2025.




D Bengis
Director

The notes on pages 2 to 5 form part of these financial statements.

1

 
MILKWOOD ADVISORS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Milkwood Advisors Limited is a private company, limited by shares, registered in England and Wales, registration number 07402416
The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal place of business is 9 Baynes Mews, London, NW3 5BH.
The principal activity continued to be that of consultancy services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

Shareholder funds amounted to a net deficit in the year. The director has considered the implication of the Insolvency Act 1986 and regards the balance sheet position to be temporary only. The director has confirmed that, if required, he will provide financial support to the company to meet its liabilities as and when they fall due. The accounts have therefore been prepared on a going concern basis.

 
2.3

Revenue

Turnover represents amounts receivable for consultancy services provided.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

2

 
MILKWOOD ADVISORS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25% straight line
Computer equipment
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.7

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

3

 
MILKWOOD ADVISORS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 November 2023
26,155
3,690
29,845



At 31 October 2024

26,155
3,690
29,845



Depreciation


At 1 November 2023
24,622
1,970
26,592


Charge for the year on owned assets
1,533
573
2,106



At 31 October 2024

26,155
2,543
28,698



Net book value



At 31 October 2024
-
1,147
1,147



At 31 October 2023
1,534
1,719
3,253


5.


Debtors

2024
2023
£
£



Other debtors
3,688
3,698

Prepayments
5,038
5,157

8,726
8,855



6.


Cash

2024
2023
£
£

Cash at bank and in hand
2,402
1,956

2,402
1,956


4

 
MILKWOOD ADVISORS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
199,599
179,791

Accruals
7,235
6,852

206,834
186,643



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



9.


Related party transactions

At the year end a balance of £199,599 (2023 - £179,791) was due to the director.

 
5