Registration number: 12889041

Milton Estates (Surrey) Ltd

Statement of Financial Position as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	4	473,012	473,012
Current assets
Debtors	5	622	2,943
Cash at bank and in hand		7,428	1,194
		8,050	4,137
Creditors: Amounts falling due within one year	6	(427,439)	(279,493)
Net current liabilities		(419,389)	(275,356)
Total assets less current liabilities		53,623	197,656
Creditors: Amounts falling due after more than one year	6	-	(145,561)
Net assets		53,623	52,095
Capital and reserves
Called up share capital		100	100
Retained earnings		53,523	51,995
Shareholders' funds		53,623	52,095

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Milton Estates (Surrey) Ltd have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Milton Estates (Surrey) Ltd

Statement of Financial Position as at 30 November 2025

Approved and authorised by the Board on 4 August 2026 and signed on its behalf by:
 

.........................................

Mr A J King

Director

.........................................

Mrs D F King

Director

Company registration number: 12889041

Milton Estates (Surrey) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
c/o Brebners
First Floor
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

The principal activity of the company is that of acquiring and letting property.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Going concern

The company made a profit for the year ended 30 November 2025 and had net assets at that date amounting to £53,623, with net current liabilities of £419,389. At this date an amount of £423,624 was due to the directors who have confirmed they will not call for repayment until such time as the company has sufficient working capital.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of rental income in the ordinary course of the company's activities.

The company recognises rental income evenly over the period of the leases.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Milton Estates (Surrey) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

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 taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company during the year, was 2 (2024 - 2).

4	Investment properties

	2025 £
Fair value
At 1 December 2024 and at 30 November 2025	473,012

The investment property is stated at fair value as estimated by the directors at 30 November 2025 at an amount of £473,012.

Milton Estates (Surrey) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

5

Debtors

	2025 £	2024 £
Trade debtors	622	2,038
Other debtors	-	905
	622	2,943

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Loans and borrowings	7	-	30,320
Taxation and social security		370	3,978
Other creditors		427,069	245,195
		427,439	279,493

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Loans and borrowings	7	-	145,561