Milco Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11257152

MILCO LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2025

MILCO LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£

FIXED ASSETS

Tangible assets	4		515,564	515,564

CURRENT ASSETS

Debtors	5	11,667	14,167
Cash at bank and in hand		15,134	10,707
		--------	--------
		26,801	24,874

CREDITORS: amounts falling due within one year	6	( 354,431)		( 383,106)
		---------		---------
NET CURRENT LIABILITIES			( 327,630)	( 358,232)
			---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES			187,934	157,332
			---------	---------
NET ASSETS			187,934	157,332
			---------	---------

CAPITAL AND RESERVES

Called up share capital	1	1
Profit and loss account	187,933	157,331
	---------	---------
SHAREHOLDER FUNDS	187,934	157,332
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

MILCO LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 22 September 2025 , and are signed on behalf of the board by:

R Anand
Director

Company registration number: 11257152

MILCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Little Orchard Brooks Drive, Hale Barns, Altrincham, WA15 8TN, England.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

REVENUE RECOGNITION

Turnover comprises revenue recognised by the company in respect of rents received, excluding Value Added Tax Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis.

INCOME TAX

Deferred tax is recognised in respect of all timing differences at the reporting date.

TANGIBLE ASSETS

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

INVESTMENT PROPERTY

Investment property is initially recorded 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. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

FINANCIAL INSTRUMENTS

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

4. TANGIBLE ASSETS

	Investment property
	£
Cost
At 1 April 2024 and 31 March 2025	515,564
	---------
Depreciation
At 1 April 2024 and 31 March 2025	–
	---------
Carrying amount
At 31 March 2025	515,564
	---------
At 31 March 2024	515,564
	---------

The investment property was valued by the director, on an open market basis, as at 31st March 2025.

5. DEBTORS

	2025	2024
	£	£
Other debtors	11,667	14,167
	--------	--------

6. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,739	1,463
Corporation tax	7,221	8,164
Social security and other taxes	1,307	2,355
Other creditors	344,164	371,124
	---------	---------
	354,431	383,106
	---------	---------