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REGISTERED NUMBER: 01514782 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH SEPTEMBER 2025

FOR

MILNER HOMES LIMITED

MILNER HOMES LIMITED (REGISTERED NUMBER: 01514782)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH SEPTEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

MILNER HOMES LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 28TH SEPTEMBER 2025

| DIRECTOR: | R Milner

| REGISTERED OFFICE: | 12 Market Street

| Hebden Bridge

| West Yorkshire

| HX7 6AD

| REGISTERED NUMBER: | 01514782 (England and Wales)

| ACCOUNTANTS: | Cresswells

| 12 Market Street

| Hebden Bridge

| West Yorkshire

| HX7 6AD

MILNER HOMES LIMITED (REGISTERED NUMBER: 01514782)

BALANCE SHEET

28TH SEPTEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 987,829 |  | 947,165 |  |

CURRENT ASSETS

Stocks | 277,258 |  | 172,899 |  |

Debtors | 5 | 233,247 |  | 107,250 |  |

Cash at bank and in hand | 643 |  | 1,483 |  |

511,148 |  | 281,632 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,084,097 |  | 898,270 |  |

NET CURRENT LIABILITIES | (572,949 | ) | (616,638 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 414,880 |  | 330,527 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (431,250 | ) | (431,250 | ) |

PROVISIONS FOR LIABILITIES | (25,330 | ) | (14,649 | ) |

NET LIABILITIES | (41,700 | ) | (115,372 | ) |

MILNER HOMES LIMITED (REGISTERED NUMBER: 01514782)

BALANCE SHEET - continued

28TH SEPTEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Retained earnings | (41,800 | ) | (115,472 | ) |

SHAREHOLDERS' FUNDS | (41,700 | ) | (115,372 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th July 2026 and were signed by:

R Milner - Director

MILNER HOMES LIMITED (REGISTERED NUMBER: 01514782)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH SEPTEMBER 2025

1. | STATUTORY INFORMATION

| Milner Homes 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.

| The company's functional and presentation currency is the pound sterling £. All information presented has been rounded to the nearest £, unless otherwise stated.

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.

| Going concern

| The balance sheet shows that liabilities exceed assets, resulting in a deficit of £41,700 (2024: £115,372). The director has confirmed his support, and has indicated he will not withdraw his support for a period of at least twelve months from the date of the approval of the financial statements. The financial statements have therefore been prepared on a going concern basis.

| Turnover

| Turnover comprises property development fees, project management fees and the sale of livestock, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| Freehold land and property | - | 2% on cost

| Plant and machinery | - | 15% on cost

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 20% on cost

| Stocks

| Work in progress is valued at the lower of cost and net realisable value.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| Taxation

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

| Current or 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.

MILNER HOMES LIMITED (REGISTERED NUMBER: 01514782)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28TH SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 4 ) .

4. | TANGIBLE FIXED ASSETS

| Freehold |

| land and |  | Plant and |  | Motor |  | Computer |

| property |  | machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 29th September 2024 | 920,172 |  | 35,423 |  | 79,165 |  | 3,659 |  | 1,038,419 |  |

| Additions | 35,268 |  | 40,180 |  | 16,000 |  | - |  | 91,448 |  |

| Disposals | - |  | (13,450 | ) | (10,799 | ) | (1,087 | ) | (25,336 | ) |

| At 28th September 2025 | 955,440 |  | 62,153 |  | 84,366 |  | 2,572 |  | 1,104,531 |  |

| DEPRECIATION

| At 29th September 2024 | 50,104 |  | 16,787 |  | 21,816 |  | 2,547 |  | 91,254 |  |

| Charge for year | 18,825 |  | 4,252 |  | 16,671 |  | 426 |  | 40,174 |  |

| Eliminated on disposal | - |  | (7,396 | ) | (6,243 | ) | (1,087 | ) | (14,726 | ) |

| At 28th September 2025 | 68,929 |  | 13,643 |  | 32,244 |  | 1,886 |  | 116,702 |  |

| NET BOOK VALUE

| At 28th September 2025 | 886,511 |  | 48,510 |  | 52,122 |  | 686 |  | 987,829 |  |

| At 28th September 2024 | 870,068 |  | 18,636 |  | 57,349 |  | 1,112 |  | 947,165 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Amounts owed by participating interests | 71,325 |  | 64,204 |  |

| Tax | - |  | 7,988 |  |

| VAT | 1,068 |  | 30,005 |  |

| Prepayments and accrued income | 160,854 |  | 5,053 |  |

233,247 |  | 107,250 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 6,680 |  | 36,974 |  |

| Social security and other taxes | 3,955 |  | 12,267 |  |

| Directors' current accounts | 1,058,462 |  | 839,529 |  |

| Accruals and deferred income | 15,000 |  | 9,500 |  |

1,084,097 |  | 898,270 |  |

MILNER HOMES LIMITED (REGISTERED NUMBER: 01514782)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28TH SEPTEMBER 2025

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans - after 5 years | 431,250 |  | 431,250 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 431,250 |  | 431,250 |  |

| The bank borrowings are secured by way of a fixed and floating charge over the assets of the company.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

10. | RELATED PARTY DISCLOSURES

| The company has made loans to Milner Homes SSAS, a scheme in which the director is a beneficiary, the loans are interest free and repayable on demand. As at the balance sheet date the amount owed to the company was £71,325 (2024: £64,204).