REGISTERED NUMBER: 09414427 (England and Wales)

MILBURNREES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr A M Williams

REGISTERED OFFICE:

20-22 Wenlock Road

London

N1 7GU

REGISTERED NUMBER:

09414427 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

48,806

38,471

48,806

38,471

CURRENT ASSETS

Debtors

6

21,990

4,303

Cash at bank

13,058

16,156

35,048

20,459

CREDITORS

Amounts falling due within one year

7

47,560

37,397

NET CURRENT LIABILITIES

(12,512

)

(16,938

)

TOTAL ASSETS LESS CURRENT LIABILITIES

36,294

21,533

CREDITORS

Amounts falling due after more than one year

8

-

8,102

NET ASSETS

36,294

13,431

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

36,293

13,430

SHAREHOLDERS' FUNDS

36,294

13,431

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 August 2026 and were signed by:

Mr A M Williams - Director

1.	STATUTORY INFORMATION

Milburnrees 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Motor vehicles

-

20% straight line on cost

Computer equipment

-

25% on reducing balance

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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

11,000

AMORTISATION

At 1 April 2025

and 31 March 2026

11,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Improvements

Motor

Computer

to property

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

22,269

33,040

1,727

57,036

Additions

-

39,500

1,325

40,825

Disposals

-

(33,040

)

-

(33,040

)

At 31 March 2026

22,269

39,500

3,052

64,821

DEPRECIATION

At 1 April 2025

4,454

13,216

895

18,565

Charge for year

2,227

7,900

539

10,666

Eliminated on disposal

-

(13,216

)

-

(13,216

)

At 31 March 2026

6,681

7,900

1,434

16,015

NET BOOK VALUE

At 31 March 2026

15,588

31,600

1,618

48,806

At 31 March 2025

17,815

19,824

832

38,471

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

7,500

-

Other debtors

14,490

4,303

21,990

4,303

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

-

1,944

Taxation and social security

9,560

2,503

Other creditors

38,000

32,950

47,560

37,397

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

8,102

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1

Ordinary

£1

1

1

10.	RELATED PARTY DISCLOSURES

At the year end the company owed £37,000 (2025: £32,000) to a company in which the director has a significant interest.