REGISTERED NUMBER: 13694831 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MILKDROMEDA LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

O Matthews

REGISTERED OFFICE:

7a Abbey Business Park

Monks Walk

Farnham

Surrey

GU9 8HT

REGISTERED NUMBER:

13694831 (England and Wales)

CURRENT ASSETS

Stocks

416,920

-

Debtors

8,892

143,573

Cash at bank

1,294

4,671

427,106

148,244

CREDITORS

Amounts falling due within one year

145,671

34,844

NET CURRENT ASSETS

281,435

113,400

TOTAL ASSETS LESS CURRENT LIABILITIES

281,435

113,400

CREDITORS

Amounts falling due after more than one year

167,850

-

NET ASSETS

113,585

113,400

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

113,485

113,300

SHAREHOLDERS' FUNDS

113,585

113,400

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 31 December 2025 and were signed by:

O Matthews - Director

1.	STATUTORY INFORMATION

Milkdromeda 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

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

Turnover

Turnover represents sales of building developments, excluding value added tax, performed during the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Work in progress

Work in progress comprises of property development costs and is valued at lower of cost or estimated selling price.

Financial instruments

The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

Taxation

Taxation for the year comprises current 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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Consideration is given to whether deferred tax should be provided in respect of material timing differences which have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits.

Current tax assets and liabilities are not discounted and are 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

167,850

-

A fixed and floating charge over land at the side of Boxgrove Cottage was created on 15 January 2022 by MSP Capital Ltd to secure all monies due or becoming due. The charge also contains a negative pledge. The charge was settled in full on 7 August 2024.

A fixed and floating charge over land at the side of 90 Esher Road was created on 7 November 2024 by MSP Capital Ltd to secure all monies due or becoming due. The charge also contains a negative pledge.

A floating charge over all the property, assets and undertakings of the company was created on 7 November 2024 by MSP Capital Ltd to secure all monies due or becoming due. The charge also contains a negative pledge.

At the balance sheet date of 31 December 2024, the company had access to a loan facility with total availability of £669,710, of which £175,710 had been drawn down and £494,000 remained undrawn.

The facility bears interest at a rate of 0.95% per calendar month. Interest of £12,725 was accrued and is recognised within the balance sheet as WIP.

5.	RELATED PARTY DISCLOSURES

During the year, the company entered into transactions Tallybrook Limited, a related party.

At the end of the year, the balance of the amount owed to Tallybrook Limited was £135,763 (2023 £143,508 owed from).

These amounts are unsecured, interest-free and repayable on demand.

No guarantees have been given or received. No expenses have been recognised during the current or previous financial year for bad or doubtful debts in respect of the amounts owed by or to related parties.