COMPANY REGISTRATION NUMBER:
11727794
|
Milton Land and Planning Studio Limited |
|
|
Filleted Unaudited Financial Statements |
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Milton Land and Planning Studio Limited |
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Statement of Financial Position |
|
31 March 2025
Current assets
|
Debtors |
5 |
305,694 |
265,538 |
|
Cash at bank and in hand |
12,997 |
13,425 |
|
--------- |
--------- |
|
318,691 |
278,963 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
208,932 |
88,018 |
|
--------- |
--------- |
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Net current assets |
109,759 |
190,945 |
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--------- |
--------- |
|
Total assets less current liabilities |
109,759 |
190,945 |
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--------- |
--------- |
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Net assets |
109,759 |
190,945 |
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--------- |
--------- |
|
|
|
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Capital and reserves
|
Called up share capital |
150 |
150 |
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Profit and loss account |
109,609 |
190,795 |
|
--------- |
--------- |
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Shareholders funds |
109,759 |
190,945 |
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--------- |
--------- |
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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.
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 were approved by the
board of directors
and authorised for issue on
10 December 2025
, and are signed on behalf of the board by:
Company registration number:
11727794
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Milton Land and Planning Studio Limited |
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Notes to the Financial Statements |
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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 Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
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. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectation of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. 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 in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4.
Employee numbers
The average number of persons employed by the company during the year, including the directors, amounted to 4 (2024: 4).
5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Trade debtors |
62,975 |
40,368 |
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Other debtors |
242,719 |
225,170 |
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--------- |
--------- |
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305,694 |
265,538 |
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--------- |
--------- |
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|
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6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
95,064 |
84,549 |
|
Corporation tax |
87 |
– |
|
Social security and other taxes |
12,694 |
959 |
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Other creditors |
101,087 |
2,510 |
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--------- |
-------- |
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208,932 |
88,018 |
|
--------- |
-------- |
|
|
|
7.
Directors' advances, credits and guarantees
At the year end the company owed the directors £8,376 (2024: £69,924 owed to the company). Advances were made to the directors of £nil (2024: £60,000) and repayments were made by the directors of £78,000 (2024: £21,667). Interest was charged on the loan of £nil (2024: £2,517).
8.
Related party transactions
At the year end the company was owed £241,051 (2024: £155,534) by entities under common control. At the year end the company owed £123,379 (2024: £2,010) to entities under common control.