Milaya Capital Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11000337 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MILAYA CAPITAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Y Ayavefe

SECRETARY:

REGISTERED OFFICE:

First Floor Office

34 Great Queen Street

London

WC2B 5AA

REGISTERED NUMBER:

11000337 (England and Wales)

ACCOUNTANTS:

NYO Chartered Accountants and Registered Auditors

First Floor Office

34 Great Queen Street

London

WC2B 5AA

FIXED ASSETS

Tangible assets

4

17,506

24,984

Investments

5

1,903,079

Investment property

6

24,262,455

26,183,040

26,190,518

CURRENT ASSETS

Debtors

7

14,883,151

4,189,213

Cash at bank

118,281

253,502

15,001,432

4,442,715

CREDITORS

Amounts falling due within one year

8

4,128,172

3,414,001

NET CURRENT ASSETS

10,873,260

1,028,714

TOTAL ASSETS LESS CURRENT
LIABILITIES

37,056,300

27,219,232

CREDITORS

Amounts falling due after more than one year

9

34,175,982

24,225,981

NET ASSETS

2,880,318

2,993,251

CAPITAL AND RESERVES

Called up share capital

100,000

Retained earnings

2,780,318

2,893,251

SHAREHOLDERS' FUNDS

2,880,318

2,993,251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 November 2025 and were signed by:

Mr Y Ayavefe - Director

1.	STATUTORY INFORMATION

Milaya Capital Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS

The financial statements contain information about Milaya Capital Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

10% on cost

INVESTMENTS IN ASSOCIATES

Investments in associate undertakings are recognised at cost.

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

74,776

DEPRECIATION

At 1 January 2024

49,792

Charge for year

7,478

At 31 December 2024

57,270

NET BOOK VALUE

At 31 December 2024

17,506

At 31 December 2023

24,984

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 January 2024

and 31 December 2024

1,903,079

NET BOOK VALUE

At 31 December 2024

1,903,079

At 31 December 2023

1,903,079

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

24,262,455

NET BOOK VALUE

At 31 December 2024

24,262,455

At 31 December 2023

24,262,455

7.

DEBTORS

31.12.24

31.12.23

£

Amounts falling due within one year:

Trade debtors

1,750

-

Amounts owed by associates

120,000

240,000

Other debtors

105,800

103,992

227,550

343,992

Amounts falling due after more than one year:

Amounts owed by group undertakings

13,484,979

2,359,723

Other debtors

1,170,622

1,485,498

14,655,601

3,845,221

Aggregate amounts

14,883,151

4,189,213

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

7,088

20,149

Amounts owed to associates

128,426

78,426

Taxation and social security

4,848

16,712

Other creditors

3,987,810

3,298,714

4,128,172

3,414,001

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans

9,950,001

-

Other creditors

24,225,981

34,175,982

24,225,981

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr Y Ayavefe.