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Registration number: 09150815

Milford Millennium Shop Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Milford Millennium Shop Limited

Company Information

Directors

O H Whitlock L Bagnall D H Ellis

Registered office

9 Sea Road Milford on Sea Hampshire SO41 0PH

Registered number

09150815 (England and Wales)

Accountants

TC Group Waverly House 115-119 Holdenhurst Road Bournemouth Dorset BH8 8DY

Milford Millennium Shop Limited

(Registration number: 09150815)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Current assets
Debtors	5	3,151	3,115
Cash at bank and in hand		28,405	52,764
		31,556	55,879
Creditors: Amounts falling due within one year	6	(31,555)	(55,878)
Net assets		1	1
Capital and reserves
Called up share capital	7	1	1
Shareholders' funds		1	1

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 22 May 2026 and signed on its behalf by:
 

......................................... D H Ellis Director

Milford Millennium Shop Limited

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

1	General information

Milford Millennium Shop Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

These financial statements were authorised for issue by the Board on 22 May 2026.

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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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:

Milford Millennium Shop Limited

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

2	Accounting policies (continued)

Asset class	Depreciation method and rate
Plant and Machinery etc	33% on cost
Office equipment	33% on cost

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate through the parent charitable company.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Milford Millennium Shop Limited

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

4	Tangible assets

	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 September 2024	3,114	1,281	4,395
At 31 August 2025	3,114	1,281	4,395
Depreciation
At 1 September 2024	3,114	1,281	4,395
At 31 August 2025	3,114	1,281	4,395
Carrying amount
At 31 August 2025	-	-	-

5

Debtors

Current	2025 £	2024 £
Prepayments	901	865
Other debtors	2,250	2,250
	3,151	3,115

Included in other debtors is debtors over 1 year of £2,250 (2024: £2,250).

Milford Millennium Shop Limited

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

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		366	857
Amounts owed to group undertakings and undertakings in which the company has a participating interest	8	27,032	51,284
Taxation and social security		141	167
Accruals and deferred income		4,016	3,570
		31,555	55,878

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	1	1	1	1

8	Related party transactions

Summary of transactions with parent

The surplus of £43,848 (2024:£41,240) is declared as a dividend to be donated to the company's parent charity "Milford Millennium Hall and Community Centre" Charity No. 1075243.

Included within creditors is an amount of £27,032 (2024:£51,284) owed by Milford Millennium Shop Limited to the company's parent charity.