Company registration number 01967181 (England and Wales)
MILESHIELD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
MILESHIELD LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
MILESHIELD LIMITED
BALANCE SHEET
AS AT 30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,362,786
1,748,218
Investment properties
5
-
0
100,000
1,362,786
1,848,218
Current assets
Debtors
6
343,581
389,866
Cash at bank and in hand
1,425,207
934,693
1,768,788
1,324,559
Creditors: amounts falling due within one year
7
(2,453,963)
(2,899,022)
Net current liabilities
(685,175)
(1,574,463)
Total assets less current liabilities
677,611
273,755
Provisions for liabilities
(263,071)
(276,586)
Net assets/(liabilities)
414,540
(2,831)
Capital and reserves
Called up share capital
9
100
100
Profit and loss reserves
414,440
(2,931)
Total equity
414,540
(2,831)
MILESHIELD LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2025
30 September 2025
- 2 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 11 May 2026 and are signed on its behalf by:
Mr S J Mattey
Director
Company Registration No. 01967181
MILESHIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 3 -
1
Accounting policies
Company information

Mileshield Limited is a private company limited by shares incorporated in England and Wales. The registered office is C/O Craufurd Hale Group, Ground Floor, Arena Court, Crown Lane, MAIDENHEAD, SL6 8QZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

The company is reporting a deficit of assets at the balance sheet date. The directors have assessed and considered the group's financial position and its ability to continue financially to support the company and are confident that the company will be able to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements. true

1.3
Turnover

Turnover represents earnings under lease and hire purchase agreements, fees and other income net of VAT.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
3 years straight line
Investment property furnishings
5 years straight line
Office and computer equipment
3 years straight line
Other assets
Straight line over lease term

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investment properties

The i nvestment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include deposits held at call with banks.

MILESHIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies are recognised at transaction price including transaction costs.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences. Such liabilities are not recognised if the timing difference arises from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

MILESHIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Assets held for use in operating leases
Total
£
£
£
£
Cost
At 1 October 2024
74,283
66,206
4,381,272
4,521,761
Additions
-
0
5,150
351,498
356,648
Disposals
-
0
(8,667)
(327,771)
(336,438)
At 30 September 2025
74,283
62,689
4,404,999
4,541,971
Depreciation and impairment
At 1 October 2024
74,283
62,862
2,636,398
2,773,543
Depreciation charged in the year
-
0
2,427
736,197
738,624
Eliminated in respect of disposals
-
0
(8,667)
(324,315)
(332,982)
At 30 September 2025
74,283
56,622
3,048,280
3,179,185
Carrying amount
At 30 September 2025
-
0
6,067
1,356,719
1,362,786
At 30 September 2024
-
0
3,344
1,744,874
1,748,218
MILESHIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 6 -
5
Investment property
2025
£
Fair value
At 1 October 2024
100,000
Disposals
(100,000)
At 30 September 2025
-
0

The company's interest in the investment property was valued at the above amount as at 30 September 2017 by the directors of the parent company, Longriver Holdings Limited, on an arms-length sales value already attained on the open market.

On a historical cost basis the investment property would have been included at an original cost of £159,471.

6
Debtors
2025
2024
£
£
Trade debtors
229,977
249,598
Other debtors
113,604
140,268
343,581
389,866
The trade debtors and operating lease balance of £229,977 (2024 - £249,598) includes operating lease balances of £nil (2024 - £nil) which have been accounted for under the policy in note 1.
During the financial year assets costing £351,498 (2024 - £359,059) were acquired for letting under operating leases.
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
122,457
157,370
Amounts owed to group undertakings
1,275,028
1,757,375
Taxation and social security
257,624
133,152
Other creditors
798,854
851,125
2,453,963
2,899,022
8
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
263,071
276,586
MILESHIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 7 -
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
10
Parent company

Longriver Holdings Limited owns 51% and Mr S J Mattey owns 49% of the company's ordinary share capital.

The parent company of Mileshield Limited is Longriver Holdings Limited and its registered office is Ground Floor, Arena Court, Crown Lane. Maidenhead, SL6 8QZ.

Longriver Holdings Limited is controlled by Mr D C Mattey.

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