REGISTERED NUMBER: 03141537 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2025

FOR

MILFORD SECURITIES LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J J P Griffin

REGISTERED OFFICE:

83 Cambridge Street

Pimlico

London

SW1V 4PS

REGISTERED NUMBER:

03141537 (England and Wales)

ACCOUNTANTS:

George Hay & Company

Chartered Accountants

83 Cambridge Street

Pimlico

London

SW1V 4PS

FIXED ASSETS

Tangible assets

4

2,750,264

2,750,352

Investments

5

808,001

808,001

3,558,265

3,558,353

CURRENT ASSETS

Debtors

6

815,346

824,260

Cash at bank

390,088

318,026

1,205,434

1,142,286

CREDITORS

Amounts falling due within one year

7

299,514

321,370

NET CURRENT ASSETS

905,920

820,916

TOTAL ASSETS LESS CURRENT LIABILITIES

4,464,185

4,379,269

PROVISIONS FOR LIABILITIES

8

509,013

509,013

NET ASSETS

3,955,172

3,870,256

CAPITAL AND RESERVES

Called up share capital

1

1

Share premium

808,000

808,000

Retained earnings

3,147,171

3,062,255

SHAREHOLDERS' FUNDS

3,955,172

3,870,256

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22nd June 2026 and were signed by:

J J P Griffin - Director

1.	STATUTORY INFORMATION

Milford Securities Ltd. 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Milford Securities Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400/401 of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents rent receivable, all attributable to the principal activity of the company and arises within the United Kingdom.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Freehold properties represents properties held for investments.

Investment properties are initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting date. The surplus or deficit on revaluation is recognised in the profit and loss account. The investment property is valued by the directors on an existing use open market value basis.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current and deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Fixed asset investments

Fixed assets investments are stated at cost less any provision for impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST OR VALUATION

At 1st July 2024

and 30th June 2025

2,750,000

8,332

2,758,332

DEPRECIATION

At 1st July 2024

-

7,980

7,980

Charge for year

-

88

88

At 30th June 2025

-

8,068

8,068

NET BOOK VALUE

At 30th June 2025

2,750,000

264

2,750,264

At 30th June 2024

2,750,000

352

2,750,352

The investment properties were valued by the directors on an open market fair value basis as at 30 June 2025. It was determined that there was no material change to the fair value for this financial year.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st July 2024

and 30th June 2025

808,001

NET BOOK VALUE

At 30th June 2025

808,001

At 30th June 2024

808,001

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

1,600

1,100

Amounts falling due after more than one year:

Due from subsidiary

undertaking

813,746

823,160

813,746

823,160

Aggregate amounts

815,346

824,260

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

60

Tax

29,200

24,131

Other creditors

22,825

35,690

Due to subsidiary undertaking

10,103

10,103

Directors' current accounts

237,386

251,386

299,514

321,370

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

509,013

509,013

Deferred

tax

£

Balance at 1st July 2024

509,013

Balance at 30th June 2025

509,013

9.	RELATED PARTY DISCLOSURES

Related party transaction included in debtors is as follows:

Milford Property Management Limited is a wholly owned subsidiary of Milford Securities Limited. At 30 June 2025 Milford Property Management Limited owed £813,746 (2024: £823,160) to its parent company.

Related party transactions included in creditors are as follows:

Doon Developments Limited is a wholly owned subsidiary of Milford Securities Limited. At 30 June 2025 Doon Developments Limited was owed £10,103 (2024 £10,103) by its parent company.

During the year dividends were paid to JJP Griffin of £500 (2024: £1,000)

At 30 June 2025 £237,386 (2024: £251,386) was due to the director, JJP Griffin.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by JJP Griffin, by virtue of his shareholding.