ACCOUNTS - Final Accounts preparation

Registered number: 10464292

MILLBRIDGE COURT LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2025

MILLBRIDGE COURT LIMITED

REGISTERED NUMBER:10464292

STATEMENT OF FINANCIAL POSITION

AS AT 30 NOVEMBER 2025

		2025		2024
Note		£		£

FIXED ASSETS
Intangible assets	5		110,000		220,000
Tangible assets	6		2,007		-
			112,007		220,000
CURRENT ASSETS
Stocks	7	12,723		13,168
Debtors: amounts falling due within one year	8	1,892,814		1,590,363
Cash at bank and in hand	9	104,744		110,081
		2,010,281		1,713,612
Creditors: amounts falling due within one year	10	(1,519,058)		(1,398,830)
NET CURRENT ASSETS			491,223		314,782

NET ASSETS			603,230		534,782

CAPITAL AND RESERVES
Called up share capital	12	1	1
Profit and loss account	13	603,229	534,781
		603,230	534,782

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 July 2026.

A J Harvey

Director

The notes on pages 2 to 9 form part of these financial statements.

Page 1

MILLBRIDGE COURT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

1.	GENERAL INFORMATION

Millbridge Court Limited is a private company limited by shares incorporated in England and Wales. The
registered office is 19 Common Road, Hanham, Bristol, United Kingdom, BS15 3LL.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

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 the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Harvey Commercial Holdings Limited as at 30 November 2025 and these financial statements may be obtained from Companies House.

2.3

GOING CONCERN

The Company is dependent upon the support of its Parent and fellow Group Companies. The Director believes that the Company will continue to receive the necessary support. On this basis, the Director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of support from its Parent and fellow Group Companies.

2.4

TURNOVER

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

2.5

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

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MILLBRIDGE COURT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.6

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.7

GOODWILL

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life, which is 10 years.

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MILLBRIDGE COURT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.8

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Computer equipment

20%

straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.9

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.10

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.11

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.12

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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MILLBRIDGE COURT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.13

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.14

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 ordinary shares.

3.	JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.

Management considers there to be no critical estimates or judgements which may affect the financial statements for the current or next period.

EMPLOYEES

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Total	11	11

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MILLBRIDGE COURT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

5.	INTANGIBLE ASSETS

		Goodwill
		£
	COST
	At 1 December 2024	1,100,000
	At 30 November 2025	1,100,000
	AMORTISATION
	At 1 December 2024	880,000
	Charge for the year	110,000
	At 30 November 2025	990,000
	NET BOOK VALUE
	At 30 November 2025	110,000
	At 30 November 2024	220,000

6.	TANGIBLE FIXED ASSETS

		Computer equipment
		£
	COST
	Additions	2,329
	At 30 November 2025	2,329
	DEPRECIATION
	Charge for the year	322
	At 30 November 2025	322
	NET BOOK VALUE
	At 30 November 2025	2,007
	At 30 November 2024	-

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MILLBRIDGE COURT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

7.	STOCKS
		2025	2024
		£	£

Finished goods and goods for resale	12,723	13,168
	12,723	13,168

DEBTORS

					2025	2024
					£	£


Trade debtors	11,026	8,481
Amounts owed by group undertakings	1,630,645	1,369,153
Prepayments and accrued income	241,440	200,277
Deferred taxation	9,703	12,452
	1,892,814	1,590,363

Amounts owed by group undertakings are unsecured, interest free, have no fixed repayment date and are repayable on demand.

9.	CASH AND CASH EQUIVALENTS
		2025	2024
		£	£

Cash at bank and in hand	104,744	110,081
	104,744	110,081

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MILLBRIDGE COURT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£

Payments received on account	1,240,249	1,129,508
Trade creditors	88,859	107,955
Amounts owed to group undertakings	57,573	65,358
Corporation tax	53,297	18,173
Other taxation and social security	50,278	26,027
Other creditors	15,933	15,546
Accruals and deferred income	12,869	36,263
	1,519,058	1,398,830

Amounts owed to group undertakings are unsecured, interest free, have no fixed repayment date and are repayable on demand.

11.	DEFERRED TAXATION

		2025
		£

	At beginning of year	12,452
	Charged to profit or loss	(2,749)
	AT END OF YEAR	9,703

The deferred tax asset is made up as follows:
	2025	2024
	£	£

Fixed asset timing differences	9,643	12,372
Short term timing differences	60	80
	9,703	12,452

12.	SHARE CAPITAL
		2025	2024
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

1 (2024:1) Ordinary shares share of £1.00	1	1

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MILLBRIDGE COURT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

13.

RESERVES

Called up share capital

Called up share capital represents the issued and fully paid up equity share capital of the company.

Profit and loss account

The profit and loss account represents cumulative profits, losses and total other recognised gains or losses made by the company including distributions to, and contributions from, the parent company.

14.	PENSION COMMITMENTS

The Company participates in a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension charge amounted to £3,877 (2024: £3,678). Contributions outstanding at the year end amounted to £639 (2024: £1,398) and are included within Other creditors.

15.FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

There is a Cross Guarantee and Debenture between Dearborn Estates Limited, Harvey Shopfitters
Limited, Huntswood Park Limited, Hyde House Hotel Limited, Kin House Limited, Millbridge Court Limited,
Parkfield Golf Limited and Veya Homes Limited dated 11 December 2023.

As at 30 November 2025, the total amounts of these guarantees were £6,964,876 (2024: £6,877,579).

16.	RELATED PARTY TRANSACTIONS
	As the company is a wholly owned subsidiary of Harvey Commercial Holdings Limited, the Company is able to take advantage of the exemption under the terms of FRS 102 section 33.1a from disclosing related party transactions with wholly owned entities that are part of the group.

17.	CONTROLLING PARTY

The immediate parent company is Dearborn Estates Limited, a company registered in England and Wales, whose registered office is 19 Common Road, Hanham, Bristol, BS15 3LL.

The parent undertaking of the smallest and largest group of undertakings for which group financial statements are prepared of which the Company is a member is Harvey Commercial Holdings Limited which is registered in England and Wales. Copies of Harvey Commercial Holdings Limited financial statements can be obtained from the Company's registered office, 19 Common Road, Hanham, Bristol, England, BS15 3LL.

The ultimate controlling party is considered to be A J Harvey based upon his majority shareholding of Harvey Commercial Holdings Limited.

18.	AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 30 November 2025 was unqualified.

The audit report was signed on 28 July 2026 by Simon Morrison FCA (Senior statutory auditor) on behalf of Bishop Fleming Audit Limited.

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