REGISTERED NUMBER: 00522998 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

MILES & MILES LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Statement of Comprehensive Income

7

Statement of Financial Position

8

Statement of Changes in Equity

9

Notes to the Financial Statements

10

DIRECTORS:

P A Grime

S D Grime

P N Wildey

SECRETARY:

P N Wildey

REGISTERED OFFICE:

18 Petersham Mews

London

SW7 5NR

REGISTERED NUMBER:

00522998 (England and Wales)

AUDITORS:

Magma Audit LLP

16 Davy Court

Castle Mound Way

Rugby, CV23 0UZ

Magma Audit LLP is part

Of the Dains Group

The principal activity of the company during the year was the renting of its trading properties to other group companies and the letting of investment properties for residential use.

Review of the business

The company maintains a position of strength after a decade of prudent reinvestment of profits with Net Assets and Shareholders Funds of £10.1m. This strength is underpinned by the valuation of the investment property at the year end of £11.5m.

Key Performance Indicators

The directors continue to measure the performance of the business using key performance indicators, which include occupancy rates and profit levels.

Principal risks and uncertainties

The principal risk of the company going forward relates to the property market. The level of rent achievable on the externally rented commercial premises remains static, whilst the demand for residential property has improved throughout the period. At the time of writing, the advice from agents in the local area is that all future rents remain rather difficult to predict, but residential occupancy rates and rents are consistent with the previous year.

Future developments

The company continues to monitor its costs and the directors believe that the company has sufficient strength and is well placed to continue successfully in the future.

ON BEHALF OF THE BOARD:

S D Grime - Director

21 May 2026

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of holding properties for use by other group companies and the letting of investment property.

DIVIDENDS

Dividends of £nil (2024: £nil) have been declared for the year ended 31 December 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

P A Grime

S D Grime

P N Wildey

Other changes in directors holding office are as follows:

A D F Nettleton - resigned 1 August 2025

FINANCIAL INSTRUMENTS

The principal financial instruments of the company comprise bank balances, trade creditors and trade debtors. The main purpose of these instruments is to raise funds for the company's operations and to finance its continuing operations. Liquidity risk is managed by the use of bank balances and group overdraft facilities along with efficient monitoring and forecasting of cash flow to ensure there are sufficient funds to meet liabilities. Trade debtors are managed in respect of credit and cash flow risk by policies monitoring the credit offered to customers and regular monitoring of amounts outstanding for both time and credit limits.

DISCLOSURE IN THE STRATEGIC REPORT

The company has chosen in accordance with section 414C(11) of the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 to set out in the company's Strategic Report information required by the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 Schedule 7 to be contained in the directors' report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

Magma Audit LLP has expressed its willingness to remain in office as auditor.

ON BEHALF OF THE BOARD:

S D Grime - Director

21 May 2026

Opinion

We have audited the financial statements of Miles & Miles Limited (the 'company') for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its loss for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the directors were not entitled to take advantage of the small companies' exemption from the requirement to prepare a Strategic Report.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the Company and the industry, we identified the principal risks of non-compliance with laws and regulations, and considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting inappropriate journal entries, and management bias in accounting estimates.

Audit procedures performed by the engagement team included:

-

Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulation, and fraud;

-

Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations, or with unusual descriptions; and

-

Challenging assumptions made by management in their significant accounting estimates, in particular relation to investment property valuation and judgments formed and deferred tax.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Ryan Parkin (Senior Statutory Auditor)

for and on behalf of Magma Audit LLP

16 Davy Court

Castle Mound Way

Rugby, CV23 0UZ

Magma Audit LLP is part

Of the Dains Group

21 May 2026

TURNOVER

3

181,489

361,908

Other external expenses

(18,607

)

(17,892

)

162,882

344,016

Staff costs

4

(270,688

)

(176,875

)

Other operating expenses

(53,663

)

(67,245

)

OPERATING (LOSS)/PROFIT

(161,469

)

99,896

Interest receivable and similar income

3,431

3,206

(LOSS)/PROFIT BEFORE TAXATION

5

(158,038

)

103,102

Tax on (loss)/profit

6

30,954

-

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(127,084

)

103,102

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE (LOSS)/INCOME FOR THE YEAR

(127,084

)

103,102

FIXED ASSETS

Investments

7

100

100

Investment property

8

11,455,000

11,455,000

11,455,100

11,455,100

CURRENT ASSETS

Debtors

9

655,532

760,265

Cash at bank

36,214

105,031

691,746

865,296

CREDITORS

Amounts falling due within one year

10

(68,175

)

(83,687

)

NET CURRENT ASSETS

623,571

781,609

TOTAL ASSETS LESS CURRENT LIABILITIES

12,078,671

12,236,709

PROVISIONS FOR LIABILITIES

11

(1,968,170

)

(1,999,124

)

NET ASSETS

10,110,501

10,237,585

CAPITAL AND RESERVES

Called up share capital

12

558,674

558,674

Other reserves

13

1,106,673

1,106,673

Investment property fair value

reserve

13

8,187,313

8,187,313

Retained earnings

13

257,841

384,925

SHAREHOLDERS' FUNDS

10,110,501

10,237,585

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2026 and were signed on its behalf by:

P N Wildey - Director

Investment

property

Called up

fair

share

Retained

Other

value

Total

capital

earnings

reserves

reserve

equity

£

£

£

£

£

Balance at 1 January 2024

558,674

281,823

1,106,673

8,187,313

10,134,483

Changes in equity

Total comprehensive income

-

103,102

-

-

103,102

Balance at 31 December 2024

558,674

384,925

1,106,673

8,187,313

10,237,585

Changes in equity

Total comprehensive loss

-

(127,084

)

-

-

(127,084

)

Balance at 31 December 2025

558,674

257,841

1,106,673

8,187,313

10,110,501

1.	STATUTORY INFORMATION

The company is a private company limited by shares and is incorporated in England. The address of the registered office is 18 Petersham Mews, London, SW7 5NR.

2.	ACCOUNTING POLICIES

General information

Basis of preparing the financial statements

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

The preparation of financial statements in conformity with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the notes to the accounts.

The financial statements are presented in Sterling (£). The financial statements have been rounded to the nearest £1.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

•

the requirement of paragraph 33.7.

Preparation of consolidated financial statements

The financial statements contain information about Miles & Miles 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 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Miles & Miles Group Limited, 18 Petersham Mews, London, SW7 5NR.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied, net of returns, discounts and rebates allowed by the company and value added taxes.

Revenue relates to rental income from investment properties and is recognised on a straight line basis over the period of the lease.

Investments in subsidiaries

Investment in the subsidiary company is held at cost less accumulated impairment losses.

Investment property

The company classifies land and buildings as investment property when it is held to earn rentals or for capital appreciation, or both. Investment properties are initially measured at cost, which comprises the purchase price and any directly attributable expenditure. Investment properties are subsequently remeasured to fair value at each reporting date with changes in fair value recognised in the Statement of Comprehensive Income. Fair value gains are transferred to the Investment Property Fair Value Reserve with its associated provision for deferred taxation.

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in the Statement of Comprehensive Income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Share capital

Ordinary shares are classified as equity.

Financial instruments

The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances and investments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans and loans from fellow group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Critical accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

(i) Property valuations

The company carries its investment properties at fair value. The directors determine the market value based on market conditions,taking into account the nature and location of the respective properties.

Property valuations are amended when necessary to reflect market movements, future investments and the physical condition of the properties.

The carrying value of investment properties at the year end is £11,455,000 (2024: £11,455,000). A positive or negative variation of 1% in this value would result in an increase or decrease of £114,550 (2024: £114,550) in the current year pre tax profits and net assets of the company, excluding any deferred tax impact.

3.

TURNOVER

The turnover and loss (2024 - profit) before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

2025

2024

£

£

Rental income

181,489

361,908

181,489

361,908

An analysis of turnover by geographical market is given below:

2025

2024

£

£

United Kingdom

181,489

361,908

181,489

361,908

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

223,168

134,731

Social security costs

28,687

17,034

Other pension costs

18,833

25,110

270,688

176,875

The average number of employees during the year was as follows:

2025

2024

Directors

4

4

Administrative staff

3

3

7

7

2025

2024

£

£

Directors' remuneration

150,350

66,551

5.	(LOSS)/PROFIT BEFORE TAXATION

The loss (2024 - profit) is stated after charging:

2025

2024

£

£

Auditors' remuneration

9,800

9,300

Other services relating to taxation

1,100

1,050

6.

TAXATION

Analysis of the tax credit

The tax credit on the loss for the year was as follows:

2025

2024

£

£

Deferred tax

(30,954

)

-

Tax on (loss)/profit

(30,954

)

-

UK corporation tax has been charged at 25% (2024 - 25%).

Reconciliation of total tax credit included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

(Loss)/profit before tax

(158,038

)

103,102

(Loss)/profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

(39,510

)

25,776

Effects of:

Expenses not deductible for tax purposes

181

4,666

Transfer pricing income

7,623

9,048

Adjustments in respect of prior years

752

-

Group relief

-

(39,490

)

Total tax credit

(30,954

)

-

7.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2025

and 31 December 2025

100

NET BOOK VALUE

At 31 December 2025

100

At 31 December 2024

100

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Miles & Miles Self Drive Limited

Registered office: United Kingdom

Nature of business: Mobility service providers

%

Class of shares:

holding

Ordinary

100.00

2025

2024

£

£

Aggregate capital and reserves

445

73,297

Loss for the year

(72,852

)

(1,378,242

)

8.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

11,455,000

NET BOOK VALUE

At 31 December 2025

11,455,000

At 31 December 2024

11,455,000

The directors have considered the valuation as at 31 December 2025, on an open market basis, and have determined that no change to the carrying value is required based on their assessment of market conditions. The comparable historic cost is £1,285,387 (2024: £1,285,387).

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

-

255,269

Other debtors

635,840

484,035

Prepayments and accrued income

19,692

20,961

655,532

760,265

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

570

-

Amounts owed to group undertakings

26,009

15,490

Social security and other taxes

5,000

5,000

Other creditors

-

3,292

Accruals and deferred income

36,596

59,905

68,175

83,687

Other creditors include £nil (2024: £3,292) of unpaid pension contributions.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

36,569

35,538

Tax losses carried forward

(32,508

)

-

Other timing differences

-

(523

)

Deferred tax on fair

value adjustments

1,964,109

1,964,109

1,968,170

1,999,124

Deferred

tax

£

Balance at 1 January 2025

1,999,124

Credit to Statement of Comprehensive Income during year

(30,954

)

Balance at 31 December 2025

1,968,170

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

558,674

Ordinary

£1

558,674

558,674

Ordinary shares have equal rights.

13.

RESERVES

Investment

property

fair

Retained

Other

value

earnings

reserves

reserve

Totals

£

£

£

£

At 1 January 2025

384,925

1,106,673

8,187,313

9,678,911

Deficit for the year

(127,084

)

-

-

(127,084

)

At 31 December 2025

257,841

1,106,673

8,187,313

9,551,827

Other reserves relates to a merger reserve generated upon acquisition of a subsidiary in 2002.

Fair value gains are transferred to the Investment Property Fair Value Reserve with its associated provision for deferred taxation.

14.	CONTINGENT LIABILITIES

The bank overdraft facility is secured by two cross guarantee and debentures between the company, other group companies and Miles & Miles Property Limited. These provide fixed and floating charges over group assets, include a negative pledge, and are supported by legal charges over investment property held by other group companies.

The company is part of a group VAT registration with other related party companies under common control. The company is jointly and severally liable for the liabilities of the VAT group to which it belongs. At 31 December 2025, the group VAT liability amounted to £441,077 (2024: £597,510) of which £Nil (2024: £Nil) is due from Miles & Miles Limited.

15.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Miles & Miles Self Drive Limited is a subsidiary company of Miles & Miles Limited. At 31 December 2025 the company owed £10,519 (2024: was owed by £255,269) to Miles & Miles Self Drive Limited. The loan is unsecured, interest free and is repayable on demand.

Miles & Miles Group Limited is the parent company of Miles & Miles Limited. At 31 December 2025 the company owed £15,490 (2024: £15,490) to Miles & Miles Group Limited. The loan is unsecured, interest free and is repayable on demand.

Miles & Miles Property Limited is a related party company by virtue of common ultimate ownership. At 31 December 2025 the company was owed £635,840 (2024: £484,035) by Miles & Miles Property Limited. The loan is unsecured, interest free and is repayable on demand.