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Company Registration No. 05228260 (England and Wales)
Milton Independent Financial Advisers Limited Unaudited accounts for the year ended 30 September 2025
Milton Independent Financial Advisers Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Milton Independent Financial Advisers Limited Company Information for the year ended 30 September 2025
Directors
J Milton S E Milton
Company Number
05228260 (England and Wales)
Registered Office
2 Arlington Square Downshire Way Bracknell RG12 1WA UK
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Milton Independent Financial Advisers Limited Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
33,038
40,338
Current assets
Debtors
5
460,967
181,462
Investments
6
1,218,840
1,079,109
Cash at bank and in hand
298,578
545,562
1,978,385
1,806,133
Creditors: amounts falling due within one year
7
(65,079)
(2,348)
Net current assets
1,913,306
1,803,785
Total assets less current liabilities
1,946,344
1,844,123
Provisions for liabilities
Deferred tax
(8,370)
(8,370)
Net assets
1,937,974
1,835,753
Capital and reserves
Called up share capital
3
3
Profit and loss account
1,937,971
1,835,750
Shareholders' funds
1,937,974
1,835,753
For the year ending 30 September 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 20 March 2026 and were signed on its behalf by
S E Milton Director Company Registration No. 05228260
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Milton Independent Financial Advisers Limited Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
Milton Independent Financial Advisers Limited is a private company, limited by shares, registered in England and Wales, registration number 05228260. The registered office is 2 Arlington Square, Downshire Way, Bracknell, RG12 1WA, UK.
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.
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.
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:
Land & buildings
50 years straight line
Plant & machinery
5 years straight line
Motor vehicles
5 years straight line
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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.
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Milton Independent Financial Advisers Limited Notes to the Accounts for the year ended 30 September 2025
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the directors have made the following judgements: Determine whether there are indicators of impairment of the company's tangible fixed assets and investment properties. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. Other key sources of estimation uncertainty: Tangible fixed assets (note 4) Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 October 2024
13,581
32,675
42,680
88,936
Additions
-
4,829
-
4,829
At 30 September 2025
13,581
37,504
42,680
93,765
Depreciation
At 1 October 2024
13,581
23,636
11,381
48,598
Charge for the year
-
3,539
8,590
12,129
At 30 September 2025
13,581
27,175
19,971
60,727
Net book value
At 30 September 2025
-
10,329
22,709
33,038
At 30 September 2024
-
9,039
31,299
40,338
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
34,467
33,715
Other debtors
426,500
147,747
460,967
181,462
6
Investments held as current assets
2025
2024
£
£
Listed investments
1,218,840
1,079,109
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Milton Independent Financial Advisers Limited Notes to the Accounts for the year ended 30 September 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
65,144
928
Other creditors
1,565
-
Loans from directors
(1,630)
1,420
65,079
2,348
8
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
S E Milton
Director
(3,663)
361,208
234,419
123,126
(3,663)
361,208
234,419
123,126
9
Average number of employees
During the year the average number of employees was 5 (2024: 5).
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