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Company Registration No. 01110401 (England and Wales)
Millington Investments Limited Unaudited accounts for the year ended 30 June 2025
Millington Investments Limited Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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Millington Investments Limited Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
961
1,281
Investment property
5
325,000
600,000
325,961
601,281
Current assets
Debtors
6
823
791
Cash at bank and in hand
334,233
90,905
335,056
91,696
Creditors: amounts falling due within one year
7
(50,418)
(13,098)
Net current assets
284,638
78,598
Total assets less current liabilities
610,599
679,879
Provisions for liabilities
Deferred tax
(43,646)
(92,989)
Net assets
566,953
586,890
Capital and reserves
Called up share capital
8
15
15
Fair value reserve
188,563
392,047
Profit and loss account
378,375
194,828
Shareholders' funds
566,953
586,890
For the year ending 30 June 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2025 and were signed on its behalf by
A F Millington Director Company Registration No. 01110401
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Millington Investments Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Millington Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 01110401. The registered office is Mowson House, 2 Church Lane, Wallingford, Oxfordshire, OX10 0DX.
2
Compliance with accounting standards
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the provisions of FRS 102 Section 1A Small Entities.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents amounts receivable for rentals and reimbursed expenses invoiced during the year.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
Investment property
Investment properties, which are properties held to earn rentals and/or for capital appreciation, are measured initially at cost (purchase price and directly attributable expenditure) and subsequently are measured using the fair value model and stated at their fair value as at the end of the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account. No depreciation is provided on investment properties which is a departure from the requirements of the Companies Act 2006. In the opinion of the directors, these properties are held primarily for their investment potential and so their fair value is of more significance than any measure of consumption and to depreciate them would not give a true and fair view. The provisions of FRS102 Section 16 "Investment Property" have therefore been adopted in order to give a true and fair view. If this departure from the Act had not been made, the profit would have been reduced by depreciation. The amount of depreciation cannot reasonably be quantified and the amount which might otherwise has been shown cannot be separately identified or quantified.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Millington Investments Limited Notes to the Accounts for the year ended 30 June 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 July 2024
6,536
At 30 June 2025
6,536
Depreciation
At 1 July 2024
5,255
Charge for the year
320
At 30 June 2025
5,575
Net book value
At 30 June 2025
961
At 30 June 2024
1,281
5
Investment property
2025
£
Fair value at 1 July 2024
600,000
Disposals
(250,000)
Net loss from fair value adjustments
(25,000)
At 30 June 2025
325,000
The carrying value of the investment properties held by the company have been reviewed by the directors during the year with reference to open market values who considers that the fair values at the balance sheet date are consistent with the amount stated in the accounts.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
823
791
7
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
48,100
1,329
Other creditors
-
9,075
Loans from directors
1,094
1,542
Accruals
1,224
1,152
50,418
13,098
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Millington Investments Limited Notes to the Accounts for the year ended 30 June 2025
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1,500 Ordinary shares of £0.01 each
15
15
9
Transactions with related parties
The company is not under the control of any one individual party.
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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