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Company registration number: 10935163
Milvus Homes Limited
Unaudited filleted financial statements
31 March 2025
Milvus Homes Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Milvus Homes Limited
Directors and other information

| Directors | Mr M Bristow
|  | Mr A Whiteley
| Company number | 10935163
| Registered office | 51 High Street
|  | Redbourn
|  | St Albans
|  | AL3 7LW
| Accountants | Hardcastle Blake
|  | 19 New Road
|  | Drayton Parslow
|  | Milton Keynes
|  | MK17 0JH

Milvus Homes Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Milvus Homes Limited
Year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Milvus Homes Limited for the year ended 31 March 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Milvus Homes Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Milvus Homes Limited and state those matters that we have agreed to state to the board of directors of Milvus Homes Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Milvus Homes Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Milvus Homes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Milvus Homes Limited. You consider that Milvus Homes Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Milvus Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hardcastle Blake
ICAEW
19 New Road
Drayton Parslow
Milton Keynes
MK17 0JH
1 December 2025
Milvus Homes Limited
Statement of financial position
31 March 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Current assets |  |  |  |  |  |  |  |  |
Debtors |  | 4 | 775,734 |  |  |  | 775,734 |  |
Cash at bank and in hand |  |  | 256 |  |  |  | 690 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 775,990 |  |  |  | 776,424 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 5 | ( 5,328) |  |  |  | ( 5,328) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current assets |  |  |  |  | 770,662 |  |  |  | 771,096
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 770,662 |  |  |  | 771,096
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 6 |  |  | ( 700,000) |  |  |  | ( 700,000)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 70,662 |  |  |  | 71,096
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 300 |  |  |  | 300
Profit and loss account |  |  |  |  | 70,362 |  |  |  | 70,796
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds |  |  |  |  | 70,662 |  |  |  | 71,096
|  |  |  |  | _______ |  |  |  | _______

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.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These financial statements were approved by the board of directors and authorised for issue on 01 December 2025 , and are signed on behalf of the board by:
Mr M Bristow
Director
Company registration number: 10935163
Milvus Homes 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 United Kingdom. The address of the registered office is 51 High Street, Redbourn, St Albans, AL3 7LW.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Investment property
Investment property is measured initially 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.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4. Debtors

|  |  | 2025 | 2024
|  |  | £ | £
| Other debtors |  | 775,734 | 775,734
|  |  | _______ | _______

5. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Corporation tax |  | 28 | 28
| Other creditors |  | 5,300 | 5,300
|  |  | _______ | _______
|  |  | 5,328 | 5,328
|  |  | _______ | _______

6. Creditors: amounts falling due after more than one year

|  |  | 2025 | 2024
|  |  | £ | £
| Other creditors |  | 700,000 | 700,000
|  |  | _______ | _______

Included within creditors: amounts falling due after more than one year is an amount of £ 700,000 (2024 £ 700,000 ) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.
There are no fixed repayment terms for the loan and no interest is charged
7. Related party transactions
During the year the company entered into the following transactions with related parties:

|  | Transaction value |  | Balance owed by/(owed to) |
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Burgundy Homes Limited | - | 434,000 | 435,534 | 435,534
| Burgundy Developments Limited | - | (434,728) | - | -
| Burgundy Homes Limited - property purchase | - | - | 340,000 | 340,000
|  | _______ | _______ | _______ | _______

The transactions relate to cash movements between the companies. The balances have not changed during the year .
8. Controlling party
The parent company is Burgundy Homes Limited, that shares the same registered address. That company is controlled jointly by Mr MJ Bristow and Mr AP Whiteley - directors by virtue of their combined shareholdings in the parent company.