Milvus Homes Limited 31/03/2025 iXBRL

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.