REGISTERED NUMBER: 07263113 (England and Wales)

Financial Statements

for the Year Ended 31st October 2025

for

MILLWAY ASSOCIATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M M G Wright

Mrs S H Wright

SECRETARY:

Mrs S H Wright

REGISTERED OFFICE:

Redhill Chambers

2d High Street

Redhill

Surrey

RH1 1RJ

REGISTERED NUMBER:

07263113 (England and Wales)

ACCOUNTANTS:

Cheeld Wheeler & Co

Chartered Certified Accountants

Redhill Chambers

2d High Street

Redhill

Surrey

RH1 1RJ

FIXED ASSETS

Tangible assets

4

3,129

2,300

CURRENT ASSETS

Debtors

5

312,256

214,266

Cash at bank

4,288

4,639

316,544

218,905

CREDITORS

Amounts falling due within one year

6

58,415

11,512

NET CURRENT ASSETS

258,129

207,393

TOTAL ASSETS LESS CURRENT LIABILITIES

261,258

209,693

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

261,158

209,593

SHAREHOLDERS' FUNDS

261,258

209,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th July 2026 and were signed on its behalf by:

M M G Wright - Director

1.	STATUTORY INFORMATION

Millway Associates 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.

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.

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

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st November 2024

2,963

2,924

5,887

Additions

875

1,077

1,952

Disposals

(1,295

)

(669

)

(1,964

)

At 31st October 2025

2,543

3,332

5,875

DEPRECIATION

At 1st November 2024

2,162

1,425

3,587

Charge for year

323

781

1,104

Eliminated on disposal

(1,276

)

(669

)

(1,945

)

At 31st October 2025

1,209

1,537

2,746

NET BOOK VALUE

At 31st October 2025

1,334

1,795

3,129

At 31st October 2024

801

1,499

2,300

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

56,521

12,000

Amounts owed by associates

255,735

202,266

312,256

214,266

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

30,161

2,470

Social security and other taxes

-

392

VAT

10,654

6,650

Other creditors

14,800

-

Directors' current accounts

300

-

Accrued expenses

2,500

2,000

58,415

11,512

7.	RELATED PARTY DISCLOSURES

The company made a loan of £255,735 to Millway Properties (Reigate) Limited. The director and shareholder, Mr M Wright is also a director and shareholder of Millway Properties (Reigate) Limited. There are no specific payment terms.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr and Mrs Wright, who hold the entire issued share capital of the company between them.