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Company Registration No. 09491830 (England and Wales)
Millo Estates Ltd Unaudited accounts for the year ended 31 March 2025
Millo Estates Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Millo Estates Ltd Company Information for the year ended 31 March 2025
Directors
Bernard Low Miriam Reizy Low
Secretary
Bernard Low
Company Number
09491830 (England and Wales)
Registered Office
7 Craven Walk London N16 6BS United Kingdom
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Millo Estates Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
363,499
363,363
Current assets
Debtors
41,480
50,000
Cash at bank and in hand
1,646
3,791
43,126
53,791
Creditors: amounts falling due within one year
(147,243)
(144,724)
Net current liabilities
(104,117)
(90,933)
Total assets less current liabilities
259,382
272,430
Creditors: amounts falling due after more than one year
(160,493)
(170,580)
Provisions for liabilities
Deferred tax
(16,991)
(16,991)
Net assets
81,898
84,859
Capital and reserves
Called up share capital
2
2
Profit and loss account
81,896
84,857
Shareholders' funds
81,898
84,859
For the year ending 31 March 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 30 December 2025 and were signed on its behalf by
Bernard Low Director Company Registration No. 09491830
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Millo Estates Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Millo Estates Ltd is a private company, limited by shares, registered in England and Wales, registration number 09491830. The registered office is 7 Craven Walk, London, N16 6BS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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.
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:
Fixtures & fittings
25% reducing balance basis
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Millo Estates Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 April 2024
366,285
Additions
1,303
At 31 March 2025
367,588
Depreciation
At 1 April 2024
2,922
Charge for the year
1,167
At 31 March 2025
4,089
Net book value
At 31 March 2025
363,499
At 31 March 2024
363,363
5
Transactions with related parties
Included within creditors are amounts aggregating to £81,900 (2024: £86,020) due to companies with a connection to the director of this company.
6
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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