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REGISTERED NUMBER: 11262977 (England and Wales)














Financial Statements for the Year Ended 31 March 2025

for

Myles Residential Limited

Myles Residential Limited (Registered number: 11262977)






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


Myles Residential Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mr A Doherty
Mrs C Doherty





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 11262977 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Myles Residential Limited (Registered number: 11262977)

Statement of Financial Position
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 151,000 150,000

CURRENT ASSETS
Cash at bank 913 735

CREDITORS
Amounts falling due within one year 5 178,401 179,013
NET CURRENT LIABILITIES (177,488 ) (178,278 )
TOTAL ASSETS LESS CURRENT LIABILITIES (26,488 ) (28,278 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 14,144 13,144
Retained earnings (40,732 ) (41,522 )
(26,488 ) (28,278 )

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 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.

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 19 June 2025 and were signed on its behalf by:





Mr A Doherty - Director


Myles Residential Limited (Registered number: 11262977)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Myles Residential 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 as modified by the revaluation of certain assets.

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

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.

Going concern
The financial statements have been prepared on the going concern basis. The director is of the opinion that the shareholders will continue to support it, and provide adequate funding when necessary to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 150,000
Revaluations 1,000
At 31 March 2025 151,000
NET BOOK VALUE
At 31 March 2025 151,000
At 31 March 2024 150,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2024 150,000
Valuation in 2025 1,000
151,000

Myles Residential Limited (Registered number: 11262977)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Amounts owed to associates 90,500 90,000
Other creditors 87,901 89,013
178,401 179,013

6. RELATED PARTY DISCLOSURES

The Directors Mr A Doherty and Mrs C Doherty are considered to be the key management personnel.