Company Registration No. 10423876 (England and Wales)
MILEN LIMITED
Unaudited accounts
for the year ended 31 October 2025
MILEN LIMITED
Statement of financial position
as at 31 October 2025
Investment property
239,452
166,200
Cash at bank and in hand
2,693
38,766
Creditors: amounts falling due within one year
(42,870)
(40,263)
Net current liabilities
(37,673)
(1,007)
Total assets less current liabilities
201,779
165,193
Creditors: amounts falling due after more than one year
(232,330)
(174,347)
Net liabilities
(30,551)
(9,154)
Called up share capital
100
100
Profit and loss account
(30,651)
(9,254)
Shareholders' funds
(30,551)
(9,154)
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 24 May 2026 and were signed on its behalf by
Milen Patel
Director
Company Registration No. 10423876
MILEN LIMITED
Notes to the Accounts
for the year ended 31 October 2025
MILEN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10423876. The registered office is 11 Black Bull Wynd, Eaglescliffe, Stockton-on-Tees, Cleveland, TS16 0GN, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The company has a deficit on shareholders' funds and relies upon the support of its shareholders and creditors, which has been confirmed for a period of at least twelve months from the approval of the financial statements. Accordingly the directors have prepared the financial statements on the going concern basis.
Fair value at 1 November 2024
166,200
At 31 October 2025
239,452
Amounts falling due within one year
MILEN LIMITED
Notes to the Accounts
for the year ended 31 October 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
13,505
10,945
Other creditors
28,765
28,718
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
232,330
174,347
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).