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Company Registration No. 10808115 (England and Wales)
House Of Milano Trading Ltd Unaudited accounts for the year ended 30 June 2025
House Of Milano Trading Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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House Of Milano Trading Ltd Company Information for the year ended 30 June 2025
Director
Xien Lu
Company Number
10808115 (England and Wales)
Registered Office
Unit 9 & 10 Lawrence House Derby Street Manchester M8 8AT England
Accountants
Anthony Daniel Associates Ltd 10 Julian Place London E14 3AT
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House Of Milano Trading Ltd Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
226,648
220,668
Current assets
Inventories
184,445
98,945
Debtors
5
327,627
254,403
Cash at bank and in hand
147,742
280,713
659,814
634,061
Creditors: amounts falling due within one year
6
(616,788)
(604,024)
Net current assets
43,026
30,037
Total assets less current liabilities
269,674
250,705
Creditors: amounts falling due after more than one year
7
-
(9,167)
Net assets
269,674
241,538
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
269,673
241,537
Shareholders' funds
269,674
241,538
For the year ending 30 June 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 10 June 2026 and were signed on its behalf by
Xien Lu Director Company Registration No. 10808115
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House Of Milano Trading Ltd Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
House Of Milano Trading Ltd is a private company, limited by shares, registered in England and Wales, registration number 10808115. The registered office is Unit 9 & 10 Lawrence House, Derby Street, Manchester, M8 8AT, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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House Of Milano Trading Ltd Notes to the Accounts for the year ended 30 June 2025
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 July 2024
219,268
3,134
222,402
Additions
-
7,305
7,305
At 30 June 2025
219,268
10,439
229,707
Depreciation
At 1 July 2024
-
1,734
1,734
Charge for the year
-
1,325
1,325
At 30 June 2025
-
3,059
3,059
Net book value
At 30 June 2025
219,268
7,380
226,648
At 30 June 2024
219,268
1,400
220,668
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
304,533
213,023
Trade debtors
-
28,129
Accrued income and prepayments
23,094
13,251
327,627
254,403
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
9,167
10,000
Trade creditors
301,383
256,424
Taxes and social security
8,409
32,539
Other creditors
80,703
16,960
Loans from directors
215,763
286,738
Accruals
1,363
1,363
616,788
604,024
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
9,167
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
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House Of Milano Trading Ltd Notes to the Accounts for the year ended 30 June 2025
9
Average number of employees
During the year the average number of employees was 5 (2024: 4).
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