REGISTERED NUMBER: 10775520 (England and Wales)

Miloco Group Limited

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J B Bronte-Stewart

REGISTERED OFFICE:

36 Leroy Street

London

SE1 4SP

REGISTERED NUMBER:

10775520 (England and Wales)

ACCOUNTANTS:

Swindells LLP

Chartered Accountants

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Investments

4

1,526,817

1,526,817

Investment property

5

1,935,000

1,935,000

3,461,817

3,461,817

CURRENT ASSETS

Cash in hand

1

1

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

6

2,904,926

2,824,926

NET CURRENT LIABILITIES

(2,904,925

)

(2,824,925

)

TOTAL ASSETS LESS CURRENT LIABILITIES

556,892

636,892

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

7

556,594

636,594

NET ASSETS

298

298

CAPITAL AND RESERVES

Called up share capital

8

298

298

298

298

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 director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

Mr J B Bronte-Stewart - Director

1.	STATUTORY INFORMATION

Miloco Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Miloco Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

1,526,817

NET BOOK VALUE

At 31 December 2024

1,526,817

At 31 December 2023

1,526,817

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

1,935,000

NET BOOK VALUE

At 31 December 2024

1,935,000

At 31 December 2023

1,935,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

2,820,426

2,690,353

Other creditors

84,500

134,573

2,904,926

2,824,926

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

556,594

636,594

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

188

Ordinary A

£1

188

188

30

Ordinary B

£1

30

30

20

Ordinary C

£1

20

20

60

Ordinary D

£1

60

60

298

298

All shares rank pari passu in all respects.

9.	CONTINGENT LIABILITIES

The company is party to a cross guarantee and debenture dated 25 November 2021 with Milo Music Limited and Miloco Builds Limited to secure all loans and other borrowings from Barclays Bank UK Plc.

10.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £2,820,426 (2023 - £2,690,353) to a subsidiary company. This balance is interest free, unsecured and repayable on demand.

At the balance sheet date the company owed £628,594 (2023 - £718,167) to a shareholder. This balance is interest free, unsecured and repayable on demand.

At the balance sheet date the company owed £nil (2023 - £53,000) to a director. This balance is interest free, unsecured and repayable on demand.

During the year the company paid dividends totalling £477,300 (2023 - £85,000) to a director.