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MILLSTONES DEVELOPMENT LIMITED

Registered Number
05650689
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2025

MILLSTONES DEVELOPMENT LIMITED
Company Information
for the year from 1 January 2025 to 31 December 2025

Directors | CURRY, Rachel Mary
| GRICE, Henry John David

Company Secretary | CURRY, Rachel Mary

Registered Address | Carleton House, 136 Gray Street
| Workington
| Cumbria
| CA14 2LU

Registered Number | 05650689 (England and Wales)

MILLSTONES DEVELOPMENT LIMITED
Statement of Financial Position
31 December 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 103 |  |  |  | 138
Investment property | 4 |  |  | 300,000 |  |  |  | 300,000
|  |  |  | 300,103 |  |  |  | 300,138
Current assets |  |  |  |  |  |  |  |
Debtors |  | 4,586 |  |  |  | 5,803 |  |
|  | 4,586 |  |  |  | 5,803 |  |
Creditors amounts falling due within one year | 5 | (393,441) |  |  |  | (388,296) |  |
Net current assets (liabilities) |  |  |  | (388,855) |  |  |  | (382,493)
Total assets less current liabilities |  |  |  | (88,752) |  |  |  | (82,355)
Creditors amounts falling due after one year | 6 |  |  | (65,669) |  |  |  | (71,174)
Net assets |  |  |  | (154,421) |  |  |  | (153,529)
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 300 |  |  |  | 300
Profit and loss account |  |  |  | (154,721) |  |  |  | (153,829)
Shareholders' funds |  |  |  | (154,421) |  |  |  | (153,529)

- 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 financial statements were approved and authorised for issue by the Board of Directors on 19 March 2026, and are signed on its behalf by:
CURRY, Rachel Mary Director
GRICE, Henry John David Director Registered Company No. 05650689

MILLSTONES DEVELOPMENT LIMITED
Notes to the Financial Statements
for the year ended 31 December 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.

| Basis of preparation
--- | ---
| The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Going concern
--- | ---
| At the balance sheet date the company's balance sheet was overdrawn showing a net deficit. The director's are confident that sufficient income will be generated to ensure that all the company's liabilities are met. Hence, the director's feel that the going concern basis of preparation is appropriate.

| Turnover policy
--- | ---
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. 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.

| Foreign currency translation
--- | ---
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

|  | Reducing balance (%)
| Fixtures and fittings | 25

| Investment property
--- | ---
| Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

| Trade and other debtors
--- | ---
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

| Trade and other creditors
--- | ---
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

| Financial instruments
--- | ---
| The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 0 |  | 0

3. | Tangible fixed assets
--- | ---

|  | Fixtures & fittings |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 January 25 | 14,581 |  | 14,581
| At 31 December 25 | 14,581 |  | 14,581
| Depreciation and impairment
| At 01 January 25 | 14,443 |  | 14,443
| Charge for year | 35 |  | 35
| At 31 December 25 | 14,478 |  | 14,478
| Net book value
| At 31 December 25 | 103 |  | 103
| At 31 December 24 | 138 |  | 138

4. | Investment property
--- | ---
| The investment properties class of fixed assets were valued on 31 December 2025 by the Directors who are internal to the company. Any revaluations have no effect on the tax payable in the year. This class of assets has a current value of £300,000 (2023 4- £300,000) and a carrying amount at the historical cost of £300,000 (2024 - £300,000). The depreciation on this historical cost is £nil (2024 - £nil). There has been no valuation of investment property by an independent valuer.

|  | £
| Fair value at 01 January 25 | 300,000
| At 31 December 25 | 300,000

5. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 140 |  | -
| Bank borrowings and overdrafts | 28,077 |  | 29,654
| Taxation and social security | - |  | 348
| Other creditors | 364,260 |  | 356,625
| Accrued liabilities and deferred income | 964 |  | 1,669
| Total | 393,441 |  | 388,296

6. | Creditors: amounts due after one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 65,669 |  | 71,174
| Total | 65,669 |  | 71,174

7. | Secured creditors
--- | ---
| The mortgage included in bank borrowings and overdrafts is secured over land owned personally by one of the Director's.