Millson (Holdings) Limited 07558234 false 2025-01-01 2025-12-31 2025-12-31 The principal activity of the company is is that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 true false false true 07558234 2025-01-01 2025-12-31 07558234 2025-12-31 07558234 bus:OrdinaryShareClass1 2025-12-31 07558234 core:CurrentFinancialInstruments 2025-12-31 07558234 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 07558234 core:FurnitureFittings 2025-12-31 07558234 core:PlantMachinery 2025-12-31 07558234 bus:SmallEntities 2025-01-01 2025-12-31 07558234 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 07558234 bus:FilletedAccounts 2025-01-01 2025-12-31 07558234 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 07558234 bus:RegisteredOffice 2025-01-01 2025-12-31 07558234 bus:Director3 2025-01-01 2025-12-31 07558234 bus:OrdinaryShareClass1 2025-01-01 2025-12-31 07558234 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 07558234 bus:Agent1 2025-01-01 2025-12-31 07558234 core:FurnitureFittings 2025-01-01 2025-12-31 07558234 core:PlantMachinery 2025-01-01 2025-12-31 07558234 core:Subsidiary1 2025-01-01 2025-12-31 07558234 core:Subsidiary1 1 2025-01-01 2025-12-31 07558234 core:Subsidiary1 countries:England 2025-01-01 2025-12-31 07558234 core:Subsidiary2 2025-01-01 2025-12-31 07558234 core:Subsidiary2 1 2025-01-01 2025-12-31 07558234 core:Subsidiary2 countries:England 2025-01-01 2025-12-31 07558234 countries:England 2025-01-01 2025-12-31 07558234 2024-12-31 07558234 core:CostValuation 2024-12-31 07558234 core:FurnitureFittings 2024-12-31 07558234 core:PlantMachinery 2024-12-31 07558234 2024-01-01 2024-12-31 07558234 2024-12-31 07558234 bus:OrdinaryShareClass1 2024-12-31 07558234 core:CurrentFinancialInstruments 2024-12-31 07558234 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 07558234 core:FurnitureFittings 2024-12-31 07558234 core:PlantMachinery 2024-12-31 07558234 core:Subsidiary1 1 2024-01-01 2024-12-31 07558234 core:Subsidiary2 1 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07558234

Millson (Holdings) Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

Millson (Holdings) Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

Millson (Holdings) Limited

Company Information

Director | Mr Philip Joseph Millson

Registered office | Clarence Arcade Stamford Street Ashton Under Lyne OL6 7PT

Accountants | D C Accounting Solutions Ltd Chartered Accountants and Business AdvisersCentral House Central Drive Romiley Stockport Cheshire SK6 4PE

Millson (Holdings) Limited

(Registration number: 07558234)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 290 | 759
Investments | 5 | 1,001 | 1,000
|  | 1,291 | 1,759
Current assets |  |  |
Stocks | 6 | 4,500 | 4,500
Debtors | 7 | 45,877 | 31,075
Cash at bank and in hand |  | 6,929 | 52
|  | 57,306 | 35,627
Creditors: Amounts falling due within one year | 8 | (52,041) | (32,413)
Net current assets |  | 5,265 | 3,214
Net assets |  | 6,556 | 4,973
Capital and reserves |  |  |
Called up share capital | 9 | 1,500 | 1,500
Retained earnings |  | 5,056 | 3,473
Shareholders' funds |  | 6,556 | 4,973

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

Director's 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 director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 20 May 2026

......................................... Mr Philip Joseph Millson Director

Millson (Holdings) Limited

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

1 | General information

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

The address of its registered office is:
Clarence Arcade
Stamford Street
Ashton Under Lyne
OL6 7PT

These financial statements were authorised for issue by the director on 20 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 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.

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.

Millson (Holdings) Limited

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

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 & machinery | 25% straight line
Fixtures & fittings | 25% straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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 debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Millson (Holdings) Limited

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

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.

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.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

Millson (Holdings) Limited

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

4 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Total £
Cost or valuation
At 1 January 2025 | 467 | 4,112 | 4,579
At 31 December 2025 | 467 | 4,112 | 4,579
Depreciation
At 1 January 2025 | 467 | 3,353 | 3,820
Charge for the year | - | 469 | 469
At 31 December 2025 | 467 | 3,822 | 4,289
Carrying amount
At 31 December 2025 | - | 290 | 290
At 31 December 2024 | - | 759 | 759

5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 1,001 | 1,000

Subsidiaries | £
Cost or valuation
At 1 January 2025 | 1,001
Provision
Carrying amount
At 31 December 2025 | 1,001
At 31 December 2024 | 1,000

Millson (Holdings) Limited

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

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Millson Group Limited | Clarence Arcade Stamford Street Ashton Under Lyne OL6 7PT England | Ordinary shares | 100% | 100%
MGI Partners Limited | Didsbury Business Centre 137 Barlow Moor Road Didsbury M20 2PW England | Ordinary shares | 100% | 0%

Subsidiary undertakings
Millson Group Limited The principal activity of Millson Group Limited is Surveyors.
MGI Partners Limited The principal activity of MGI Partners Limited is that of designers.

6 | Stocks

| 2025 £ | 2024 £
Work in progress | 4,500 | 4,500

7 | Debtors

Current | Note | 2025 £ | 2024 £
Amounts owed by related parties |  | 44,932 | 30,372
Other debtors |  | 945 | 703
|  | 45,877 | 31,075

Millson (Holdings) Limited

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

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | 25,389 | 27,960
Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 1 | 2,500
Taxation and social security |  | 6 | 688
Accruals and deferred income |  | 960 | 900
Other creditors |  | 25,685 | 365
|  | 52,041 | 32,413

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 1,500 | 1,500 | 1,500 | 1,500

10 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 25,389 | 27,960