REGISTERED NUMBER: 07691043 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Milburys Property Letting & Management

Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M K Butters

J D Grant

SECRETARY:

REGISTERED OFFICE:

61 High Street

Thornbury

Bristol

BS35 2AP

REGISTERED NUMBER:

07691043 (England and Wales)

ACCOUNTANTS:

M R Dury and Co Ltd

51 Peaslands Road

Sidmouth

Devon

EX10 9BE

FIXED ASSETS

Intangible assets

4

145,667

164,917

CURRENT ASSETS

Debtors

5

41,191

104

Cash at bank

825

-

42,016

104

CREDITORS

Amounts falling due within one year

6

97,141

102,181

NET CURRENT LIABILITIES

(55,125

)

(102,077

)

TOTAL ASSETS LESS CURRENT LIABILITIES

90,542

62,840

CAPITAL AND RESERVES

Called up share capital

7

104

104

Retained earnings

90,438

62,736

SHAREHOLDERS' FUNDS

90,542

62,840

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

J D Grant - Director

1.	STATUTORY INFORMATION

Milburys Property Letting & Management Ltd 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 13 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

385,000

AMORTISATION

At 1 April 2024

220,083

Charge for year

19,250

At 31 March 2025

239,333

NET BOOK VALUE

At 31 March 2025

145,667

At 31 March 2024

164,917

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

41,087

-

Other debtors

104

104

41,191

104

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

8,515

Trade creditors

5,251

26,825

Amounts owed to group undertakings

1,282

19,704

Taxation and social security

58,287

45,279

Other creditors

32,321

1,858

97,141

102,181

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

A shares

1

104

100

4

B shares

£1

-

4

104

104

8.	RELATED PARTY DISCLOSURES

The company is related to Milburys Estate Agents Ltd (MEAL) and Milburys Property Solutions Ltd (MPS) by virtue of common ownership. During the year management charges of £68,000 (2024 - £39,000) were invoiced to the company by MEAL in respect of shared overheads incurred on the company's behalf.

At the year end date a balance of £41,087 was owed by MEAL (2024 - £18,422 was owed to MEAL) in respect of monies loaned (included within Creditors).