Millennium Falcon Ltd 07772737 false 2024-09-01 2025-08-31 2025-08-31 The principal activity of the company is that of laundry and dry cleaning. Digita Accounts Production Advanced 6.30.9574.0 true 07772737 2024-09-01 2025-08-31 07772737 2025-08-31 07772737 core:RetainedEarningsAccumulatedLosses 2025-08-31 07772737 core:ShareCapital 2025-08-31 07772737 core:CurrentFinancialInstruments 2025-08-31 07772737 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 07772737 core:PlantMachinery 2025-08-31 07772737 core:ParentEntities 2025-08-31 07772737 bus:SmallEntities 2024-09-01 2025-08-31 07772737 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 07772737 bus:FilletedAccounts 2024-09-01 2025-08-31 07772737 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 07772737 bus:RegisteredOffice 2024-09-01 2025-08-31 07772737 bus:Director3 2024-09-01 2025-08-31 07772737 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 07772737 core:PlantMachinery 2024-09-01 2025-08-31 07772737 core:ParentEntities 2024-09-01 2025-08-31 07772737 countries:EnglandWales 2024-09-01 2025-08-31 07772737 2024-08-31 07772737 core:PlantMachinery 2024-08-31 07772737 core:ParentEntities 2024-08-31 07772737 2023-09-01 2024-08-31 07772737 2024-08-31 07772737 core:RetainedEarningsAccumulatedLosses 2024-08-31 07772737 core:ShareCapital 2024-08-31 07772737 core:CurrentFinancialInstruments 2024-08-31 07772737 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 07772737 core:PlantMachinery 2024-08-31 07772737 core:ParentEntities 2024-08-31 07772737 core:ParentEntities 2023-09-01 2024-08-31 07772737 2023-08-31 07772737 core:ParentEntities 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 07772737

Millennium Falcon Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

Millennium Falcon Ltd

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 6

Millennium Falcon Ltd

(Registration number: 07772737)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 2 | 2
Current assets |  |  |
Debtors | 5 | 137,981 | 112,844
Cash at bank and in hand |  | 23,519 | 42,170
|  | 161,500 | 155,014
Creditors: Amounts falling due within one year | 6 | (25,299) | (38,970)
Net current assets |  | 136,201 | 116,044
Net assets |  | 136,203 | 116,046
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Retained earnings |  | 136,201 | 116,044
Shareholders' funds |  | 136,203 | 116,046

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 May 2026 and signed on its behalf by:

......................................... Mr AN Patel Director

Millennium Falcon Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
15-13 Elystan Street
London
SW3 3NU

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover from provision of laundry and dry cleaning services is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 4 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Millennium Falcon Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

Millennium Falcon Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4 | Tangible assets

| Plant and machinery £ | Total £
Cost or valuation
At 1 September 2024 | 3,704 | 3,704
At 31 August 2025 | 3,704 | 3,704
Depreciation
At 1 September 2024 | 3,702 | 3,702
At 31 August 2025 | 3,702 | 3,702
Carrying amount
At 31 August 2025 | 2 | 2
At 31 August 2024 | 2 | 2

5 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 73,737 | 46,779
Amounts owed by related parties | 8 | 53,699 | 66,065
Other debtors |  | 10,545 | -
|  | 137,981 | 112,844

Millennium Falcon Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 7 | 8,069 | 16,867
Taxation and social security |  | 14,668 | 12,658
Other creditors |  | 2,562 | 9,445
|  | 25,299 | 38,970

7 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 8,069 | 16,867

8 | Related party transactions

Other transactions with directors

During the year, a loan was made to the director, A N Patel. Interest has been charged at 2.25%. The amount due from /(to) the director at the year end was £10,135 (2024: £(7000)).

Millennium Falcon Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Loans to related parties

2025 | Parent £ | Total £
At start of period | 66,065 | 66,065
Repaid | (12,367) | (12,367)
At end of period | 53,698 | 53,698

2024 | Parent £ | Total £
At start of period | 230,259 | 230,259
Repaid | (164,194) | (164,194)
At end of period | 66,065 | 66,065

Terms of loans to related parties

The loan to the parent company is interest free and repayable on demand.