REGISTERED NUMBER: 07691055 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Milburys Estate Agents 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:

07691055 (England and Wales)

ACCOUNTANTS:

M R Dury and Co Ltd

51 Peaslands Road

Sidmouth

Devon

EX10 9BE

FIXED ASSETS

Intangible assets

4

137,666

155,916

Tangible assets

5

25,129

25,612

162,795

181,528

CURRENT ASSETS

Debtors

6

280,304

271,248

Cash at bank

188,513

50

468,817

271,298

CREDITORS

Amounts falling due within one year

7

357,758

242,779

NET CURRENT ASSETS

111,059

28,519

TOTAL ASSETS LESS CURRENT LIABILITIES

273,854

210,047

CREDITORS

Amounts falling due after more than one year

8

50,665

60,801

NET ASSETS

223,189

149,246

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

223,089

149,146

SHAREHOLDERS' FUNDS

223,189

149,246

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 Estate Agents 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.

Tangible fixed assets

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

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.

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.

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 20 (2024 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

365,000

AMORTISATION

At 1 April 2024

209,084

Charge for year

18,250

At 31 March 2025

227,334

NET BOOK VALUE

At 31 March 2025

137,666

At 31 March 2024

155,916

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

95,221

Additions

6,396

At 31 March 2025

101,617

DEPRECIATION

At 1 April 2024

69,609

Charge for year

6,879

At 31 March 2025

76,488

NET BOOK VALUE

At 31 March 2025

25,129

At 31 March 2024

25,612

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

95,414

119,783

Amounts owed by group undertakings

-

26,527

Other debtors

184,890

124,938

280,304

271,248

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,386

36,630

Trade creditors

26,818

32,543

Amounts owed to group undertakings

88,158

47,071

Taxation and social security

181,438

115,876

Other creditors

50,958

10,659

357,758

242,779

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

50,665

60,801

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

13,571

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

-

27,316

Bank loans

61,051

70,115

61,051

97,431

The directors have provided personal guarantees to the bank up to a maximum of £121,750.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

J D Grant

Balance outstanding at start of year

84,203

50,596

Amounts advanced

106,616

84,203

Amounts repaid

(84,203

)

(50,596

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

106,616

84,203

M K Butters

Balance outstanding at start of year

37,718

24,122

Amounts advanced

77,124

37,718

Amounts repaid

(37,718

)

(24,122

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

77,124

37,718

Interest has been charged/credited on any overdrawn/funded balances at 4%.

11.	RELATED PARTY DISCLOSURES

The company is related to Milburys Property Letting & Management Ltd (MPLM), Milburys Property Solutions Ltd (MPS) and Milburys Tenancy Agreements Ltd (MTA) by virtue of common ownership.

During the year management charges of £68,000 (2024 - £39,000) were made to MPLM in respect of shared overheads incurred on that company's behalf. At the year end date the company owed £41,087 to MPLM (2024 - was owed £18,422) in respect of monies loaned, included within creditors

Also at the year end date the company owed MTA £47,071 (2024 - £47,071) in respect of monies loaned to the company, included within Creditors.