0 1 Millenium Court Limited 07821732 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is 68100 - Buying and selling of own real estate & 68209 - Other letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true true 07821732 2023-10-01 2024-09-30 07821732 2024-09-30 07821732 core:CurrentFinancialInstruments 2024-09-30 07821732 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 07821732 core:LandBuildings core:LongLeaseholdAssets 2024-09-30 07821732 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-09-30 07821732 core:OtherRelatedParties 2024-09-30 07821732 bus:SmallEntities 2023-10-01 2024-09-30 07821732 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 07821732 bus:FilletedAccounts 2023-10-01 2024-09-30 07821732 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07821732 bus:RegisteredOffice 2023-10-01 2024-09-30 07821732 bus:Director1 2023-10-01 2024-09-30 07821732 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07821732 core:KeyManagementPersonnel 2023-10-01 2024-09-30 07821732 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-10-01 2024-09-30 07821732 core:OtherRelatedParties 2023-10-01 2024-09-30 07821732 countries:UnitedKingdom 2023-10-01 2024-09-30 07821732 2023-09-30 07821732 core:LandBuildings core:LongLeaseholdAssets 2023-09-30 07821732 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-09-30 07821732 core:OtherRelatedParties 2023-09-30 07821732 2022-10-01 2023-09-30 07821732 2023-09-30 07821732 core:CurrentFinancialInstruments 2023-09-30 07821732 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 07821732 core:LandBuildings core:LongLeaseholdAssets 2023-09-30 07821732 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-09-30 07821732 core:OtherRelatedParties 2023-09-30 07821732 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-10-01 2023-09-30 07821732 core:OtherRelatedParties 2022-10-01 2023-09-30 07821732 2022-09-30 07821732 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-09-30 07821732 core:OtherRelatedParties 2022-09-30 xbrli:pure iso4217:GBP

Registration number: 07821732

Millenium Court Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 September 2024

Millenium Court Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 7

Millenium Court Limited

(Registration number: 07821732)
Balance Sheet as at 30 September 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 3 | 400,000 | 400,000
Current assets |  |  |
Stocks | 4 | - | 873,146
Debtors | 5 | 4,044,200 | 4,179,896
Cash at bank and in hand |  | 2,922 | 8,470
|  | 4,047,122 | 5,061,512
Creditors: Amounts falling due within one year | 6 | (3,974,533) | (4,963,550)
Net current assets |  | 72,589 | 97,962
Total assets less current liabilities |  | 472,589 | 497,962
Provisions for liabilities |  | (55,220) | -
Net assets |  | 417,369 | 497,962
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 417,269 | 497,862
Shareholders' funds |  | 417,369 | 497,962

For the financial 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.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 November 2025

Mr M Rosser Director |  |

Millenium Court Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1 | General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Garden Suite
11 George Street
Bath
BA1 2EH

These financial statements were authorised for issue by the director on 4 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Millenium Court Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the sale of goods and for the provision of services in the ordinary course of the company’s activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue for the sale of goods when all the following conditions are satisfied:
a) the significant risks and rewards of ownership have been transferred to the buyer;
b) the group retains no continuing involvement or control over the goods;
c) the amount of revenue can be reliably measured;
d) it is probable that future economic benefits will flow to the company; and
e) specific criteria have been met for each of the groups activities.
The company recognises revenue from the provision of services in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
a) the amount of revenue can be reliably measured;
b) it is probable that future economic benefit will flow to the company;
c) the stage of completion of the contract at the end of the reporting period can be reliably measured; and
d) the costs incurred and the costs to complete the contract can be reliably measured.

Government grants

Government grants are recognised when it is reasonable to expect that the grants will be received
and that all related conditions will be met, usually on submission of a valid claim or payment.
Government grants in respect of capital expenditure are credited to a deferred income account and
are released to profit over the expected useful lives of the relevant assets by equal annual
instalments.
Grants of a revenue nature are credited to income so as to match them with the expenditure to which
they relate.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Millenium Court Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated as the cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Millenium Court Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Share capital
Dividends and other distributions to the equity holders of the company are recognised as a liability in the statement of changes in equity in the period in which the dividend and other distributions are approved by the shareholders.

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Tangible assets

| Long leasehold land and buildings £ | Total £
Cost or valuation
At 1 October 2023 | 400,000 | 400,000
At 30 September 2024 | 400,000 | 400,000
Depreciation
Carrying amount
At 30 September 2024 | 400,000 | 400,000
At 30 September 2023 | 400,000 | 400,000

Included within the net book value of land and buildings above is £400,000 (2023 - £400,000) in respect of long leasehold land and buildings.

Millenium Court Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4 | Stocks

| 2024 £ | 2023 £
Work in progress | - | 873,146

5 | Debtors

| Note | 2024 £ | 2023 £
Amounts owed by related parties | 8 | 4,044,200 | 4,179,896
|  | 4,044,200 | 4,179,896

6 | Creditors

Due within one year | Note | 2024 £ | 2023 £
Loans and borrowings | 7 | 156,722 | 152,414
Amounts due to related parties | 8 | 3,680,673 | 4,701,988
Other creditors |  | 3,863 | 2,691
Accruals |  | 15,250 | 3,000
Corporation tax liability |  | 118,025 | 103,457
|  | 3,974,533 | 4,963,550

7 | Loans and borrowings

Current loans and borrowings

| 2024 £ | 2023 £
Bank borrowings | 156,722 | 152,414

Millenium Court Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

8 | Related party transactions

Loans to related parties

2024 | Other related parties £ | Total £
At start of period | 4,179,897 | 4,179,897
Advanced | 28,171 | 28,171
Repaid | (163,868) | (163,868)
At end of period | 4,044,200 | 4,044,200

2023 | Other related parties £ | Total £
At start of period | 3,789,266 | 3,789,266
Advanced | 402,492 | 402,492
Repaid | (11,861) | (11,861)
At end of period | 4,179,897 | 4,179,897

Terms of loans to related parties

Loans to other related parties are interest free and repayable on demand.

Loans from related parties

2024 | Key management £ | Other related parties £ | Total £
At start of period | (4,422,078) | 279,910 | (4,142,168)
Advanced | 1,114,128 | - | 1,114,128
Repaid | (92,795) | - | (92,795)
At end of period | (3,400,745) | 279,910 | (3,120,835)

2023 | Key management £ | Other related parties £ | Total £
At start of period | (4,409,417) | - | (4,409,417)
Advanced | 384,401 | 279,910 | 664,311
Repaid | (397,062) | - | (397,062)
At end of period | (4,422,078) | 279,910 | (4,142,168)

Terms of loans from related parties

Loans from key management and other related parties are interest free and repayable on demand.