MILTON DEVELOPMENTS LIMITED


Directors	ASHBY GRIGGS, Charlotte Susan
	GRIGGS, Leo Livingstone


Registered Address	St Christopher's
	Coolinge Lane
	Folkestone
	CT20 3RA


Registered Number	12675940 (England and Wales)

Balance Sheet as at
31 March 2025

	2025		2024
	£	£	£	£
Current assets
Stocks	4,816,432		2,907,435
Debtors	514,002		517,587
Cash at bank and on hand	16,652		12,143
	5,347,086		3,437,165
Creditors amounts falling due within one year	(26,015)		(2,400)
Net current assets (liabilities)		5,321,071		3,434,765
Total assets less current liabilities		5,321,071		3,434,765
Creditors amounts falling due after one year		(5,327,035)		(3,437,696)
Net assets		(5,964)		(2,931)
Capital and reserves
Profit and loss account		(5,964)		(2,931)
Shareholders' funds		(5,964)		(2,931)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 23 December 2025, and are signed on its behalf by:

ASHBY GRIGGS, Charlotte Susan
Director

GRIGGS, Leo Livingstone
Director

Registered Company No. 12675940

MILTON DEVELOPMENTS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Secured creditors
	Included within non-current liabilities is a secured loan for £4,502,247 provided by Fiduciam Nominees Limited. The loan is secured by a fixed and floating charge over freehold land on the South side of Coombe Valley Road, Dover, and is repayable by the date of the disposal of the whole of the property or at the date of an event of default. There have been no breaches or default on any loan payable during the current or prior reporting periods.

Secured creditors

Included within non-current liabilities is a secured loan for £4,502,247 provided by Fiduciam Nominees Limited. The loan is secured by a fixed and floating charge over freehold land on the South side of Coombe Valley Road, Dover, and is repayable by the date of the disposal of the whole of the property or at the date of an event of default.

There have been no breaches or default on any loan payable during the current or prior reporting periods.