Arlington (Milburngate) Limited

Registered number

09027692

Filleted Accounts

31 December 2024

Arlington (Milburngate) Limited
Registered number: 09027692
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Investments	3		33			33

Current assets
Debtors	4	11,212,259			10,845,753
Cash at bank and in hand		1,887			62
		11,214,146			10,845,815

Creditors: amounts falling due within one year	5	(14,609,607)			(13,678,849)

Net current liabilities			(3,395,461)			(2,833,034)

Net liabilities			(3,395,428)			(2,833,001)

Capital and reserves
Called up share capital			1,500			1,500
Profit and loss account			(3,396,928)			(2,834,501)

Shareholders' funds			(3,395,428)			(2,833,001)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




C L Scanlon
Director
Approved by the board on 24 September 2025

Arlington (Milburngate) Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going concern
	At the balance sheet date the company had excess liabilities over assets. The directors, having made due and careful enquiry, are of the opinion that the company, with the support of its shareholders, has adequate working capital to execute its operations over the next 12 months. The directors, therefore, have made an informal judgement, at the time of approving the financial statements, that there is reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result the directors have continued to adopt the going concern basis of accounting in preparing the annual financial statements.

	Investments
	Investments in subsidiaries are measured at cost less accumulated impairment.

	Financial instruments
	Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

	Taxation
	Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.


2	Employees	2024		2023
Number			Number

	Average number of persons employed by the company	0		0


3	Investments

Other
investments
£
	Cost
	At 1 January 2024			33

	At 31 December 2024			33


4	Debtors	2024		2023
£			£

	Amounts owed by group undertakings	441,000		441,000
	Other debtors	10,770,459		10,403,953
	Called up share capital not paid	800		800
		11,212,259		10,845,753


5	Creditors: amounts falling due within one year	2024		2023
£			£

	Other loans	14,604,268		13,672,389
	Other creditors	5,339		6,460
		14,609,607		13,678,849


6	Related party transactions

	Included within other loans are the following amounts due to related parties:

		2024		2023
£			£

	Arlington (Milburngate) Holding Co Limited	1,219,404		1,159,494
	Turnbull Family Investments Limited	2,033,682		2,018,642
	Turnbull Family Developments Limited	10,947,952		10,168,332

		14,201,038		13,346,468

	Interest has been incurred on these loans at 7.5%, no security has been given and the loans are repayable on demand. Included within debtors there is an amount owed from the related party MGH Card LLP of £441,000 (2023: £441,000).


7	Other information

	Arlington (Milburngate) Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Sheraton Farm
	Sheraton
	Hartlepool
	TS27 4RB