REGISTERED NUMBER: 11140186 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Under Milk Wood Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Johnson

H Gurevich

REGISTERED OFFICE:

Suite 2C, Brosnan House

175 Darkes Lane

Potters Bar

Hertfordshire

EN6 1BW

REGISTERED NUMBER:

11140186 (England and Wales)

ACCOUNTANTS:

BBK Partnership Limited

Suite 2C, Brosnan House

175 Darkes Lane

Potters Bar

Hertfordshire

EN6 1BW

FIXED ASSETS

Tangible assets

4

483,021

485,021

CURRENT ASSETS

Cash at bank and in hand

8,940

5,213

CREDITORS

Amounts falling due within one year

5

403,667

415,673

NET CURRENT LIABILITIES

(394,727

)

(410,460

)

TOTAL ASSETS LESS CURRENT LIABILITIES

88,294

74,561

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

7

88,292

74,559

SHAREHOLDERS' FUNDS

88,294

74,561

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 25 September 2025 and were signed on its behalf by:

M Johnson - Director

1.	STATUTORY INFORMATION

Under Milk Wood 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 represents fees received.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

the tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

477,021

15,668

492,689

DEPRECIATION

At 1 January 2024

-

7,668

7,668

Charge for year

-

2,000

2,000

At 31 December 2024

-

9,668

9,668

NET BOOK VALUE

At 31 December 2024

477,021

6,000

483,021

At 31 December 2023

477,021

8,000

485,021

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

204,367

158,319

Directors' current accounts

197,140

254,474

Accrued expenses

2,160

2,880

403,667

415,673

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

2

Ordinary

£1

2

2

7.

RESERVES

Retained

earnings

£

At 1 January 2024

74,559

Profit for the year

13,733

At 31 December 2024

88,292

8.	RELATED PARTY DISCLOSURES

Other creditors is an amount due to ATG Furniture Limited, a company of which M Johnson and H Gurevich are directors and shareholders.