17 October 2023 v2025.44.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity0falsetruexbrli:purexbrli:sharesiso4217:GBP152154302023-10-172024-10-31152154302024-10-3115215430core:WithinOneYear2024-10-3115215430core:AfterOneYear2024-10-3115215430core:ShareCapital2024-10-3115215430core:RetainedEarningsAccumulatedLosses2024-10-3115215430bus:Director12023-10-172024-10-3115215430bus:Director22023-10-172024-10-3115215430bus:RegisteredOffice2023-10-172024-10-3115215430core:LandBuildings2023-10-172024-10-3115215430core:LandBuildings2024-10-311521543012023-10-172024-10-3115215430countries:EnglandWales2023-10-172024-10-3115215430bus:AuditExemptWithAccountantsReport2023-10-172024-10-3115215430bus:PrivateLimitedCompanyLtd2023-10-172024-10-3115215430bus:SmallEntities2023-10-172024-10-3115215430bus:FullAccounts2023-10-172024-10-31
Company registration number:
15215430
Milton Blue Properties Ltd
Unaudited Filleted Financial Statements for the period ended
31 October 2024
Milton Blue Properties Ltd
Report of the Accountant to the directors of Milton Blue Properties Ltd
Period ended
31 October 2024
These financial statements have been prepared in accordance with my terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the period ended
31 October 2024
.
I have prepared these financial statements based on the accounting records, information and explanations provided by you. I do not express any opinion on the financial statements.
On the statement of financial position you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a "true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for this accounting period. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Azadeh Mohammadi FMAAT
AM accountancy services
559 B Kenton Lane
Harrow
London
Middlesex
HA3 7LB
United Kingdom
Milton Blue Properties Ltd
Statement of Financial Position
31 October 2024
31 Oct 2024
Note£
Fixed assets  
Tangible assets 5
641,575
 
Current assets  
Cash at bank and in hand
10,353
 
Creditors: amounts falling due within one year 6
(204,600
)
Net current liabilities
(194,247
)
Total assets less current liabilities 447,328  
Creditors: amounts falling due after more than one year 7
(443,479
)
Net assets
3,849
 
Capital and reserves  
Called up share capital
100
 
Profit and loss account
3,749
 
Shareholders funds
3,849
 
For the period ending
31 October 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
11 July 2025
, and are signed on behalf of the board by:
Mr Baljit Singh Walia
Mr Surjit Singh Walia
DirectorDirector
Company registration number:
15215430
Milton Blue Properties Ltd
Notes to the Financial Statements
Period ended
31 October 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
25 Greenford Avenue
,
London
,
W7 1LP
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the period was Nil.

5 Tangible assets

Land and buildings
£
Cost  
At
17 October 2023
-  
Additions
633,430
 
Other movements
8,145
 
At
31 October 2024
641,575
 
Depreciation  
At
17 October 2023
and
31 October 2024
-  
Carrying amount  
At
31 October 2024
641,575
 

Investment property

Included in land and buildings are the following amounts in relation to investment properties:
31 Oct 2024
£
Additions
633,430
 
Carrying amount at
31 October 2024
633,430
 

6 Creditors: amounts falling due within one year

31 Oct 2024
£
Taxation and social security
915
 
Other creditors
203,685
 
204,600
 

7 Creditors: amounts falling due after more than one year

31 Oct 2024
£
Bank loans and overdrafts
443,479
 
The company’s bank loan is secured by a legal charge over its property.