Milksha (UK) Ltd

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—5

Registered number: 13303401

		30 September 2024		30 September 2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		23,999		29,999
Tangible Assets	5		218,487		286,477

			242,486		316,476
CURRENT ASSETS
Debtors	6	229,080		188,298
Cash at bank and in hand		18,113		4,803

		247,193		193,101
Creditors: Amounts Falling Due Within One Year		(9,409 )		(13,509 )

NET CURRENT ASSETS (LIABILITIES)			237,784		179,592

TOTAL ASSETS LESS CURRENT LIABILITIES			480,270		496,068

Creditors: Amounts Falling Due After More Than One Year			(1,272,989 )		(1,041,556 )

NET LIABILITIES			(792,719 )		(545,488 )

CAPITAL AND RESERVES
Called up share capital			10		10
Profit and Loss Account			(792,729 )		(545,498 )

SHAREHOLDERS' FUNDS			(792,719)		(545,488)

Page 1

Page 2

Milksha (UK) Ltd

Abridged Balance Sheet (continued)

As At 30 September 2024

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 September 2024 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Thuan Luu

Director

29/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Milksha (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13303401 . The registered office is 10-14 Old Wallfields, Pegs Lane, Hertford, Hertfordshire, SG13 8EQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The director has undertaken to continue his financial support of the company for the foreseeable future, which is provided by loans from himself and related parties. On this basis he believes it is appropriate to prepare these accounts on a going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% Straight Line
Fixtures & Fittings	20% Straight Line

2.6. Financial Instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and nonputtable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

2.7. 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

Page 3

Page 4

Milksha (UK) Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 30 September 2024

2.7. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Intangible Assets

	Total
	£
Cost
As at 1 October 2023	29,999

As at 30 September 2024	29,999

Amortisation
As at 1 October 2023	-
Provided during the period	6,000

As at 30 September 2024	6,000

Net Book Value
As at 30 September 2024	23,999

As at 1 October 2023	29,999

5. Tangible Assets

	Total
	£
Cost
As at 1 October 2023	345,465
Additions	1,299

As at 30 September 2024	346,764

Depreciation
As at 1 October 2023	58,988
Provided during the period	69,289

As at 30 September 2024	128,277

Net Book Value
As at 30 September 2024	218,487

As at 1 October 2023	286,477

Page 4

Page 5

Milksha (UK) Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 30 September 2024

6. Debtors

	30 September 2024	30 September 2023
	£	£
Due after more than one year
Amounts owed by group undertakings	179,614	139,922

7. Related Party Transactions

At the balance sheet date, the company owed £313,419 (2023 - £111,986) to Good Big Brother Ltd, a related company.

At the balance sheet date, the company was owed £5,390 (2023 - £Nil) by GBB Holborn Ltd, a related company.

At the balance sheet date, the company was owed £135,289 (2023 - £100,986) by Sora Patisserie Ltd, a related company.

Page 5