REGISTERED NUMBER: 10506217 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

Miles Franklin Group Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M Franklin

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

REGISTERED NUMBER:

10506217 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

568,801

136,225

Investment property

5

5,916,875

4,927,676

6,485,676

5,063,901

CURRENT ASSETS

Debtors

6

1,293,954

677,302

Cash at bank

10,309

10,373

1,304,263

687,675

CREDITORS

Amounts falling due within one year

7

5,031,707

3,969,950

NET CURRENT LIABILITIES

(3,727,444

)

(3,282,275

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,758,232

1,781,626

CREDITORS

Amounts falling due after more than one year

8

(1,258,425

)

(1,263,425

)

PROVISIONS FOR LIABILITIES

(269,746

)

(4,840

)

NET ASSETS

1,230,061

513,361

CAPITAL AND RESERVES

Called up share capital

10

100

100

Fair value reserve

11

693,258

-

Retained earnings

11

536,703

513,261

SHAREHOLDERS' FUNDS

1,230,061

513,361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 August 2026 and were signed by:

J M Franklin - Director

1.	STATUTORY INFORMATION

Miles Franklin Group Ltd 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 as modified by the revaluation of certain assets.

The financial statements are presented in sterling (£), which is the functional currency of the company.

Critical accounting judgements and key sources of estimation uncertainty

The director considers that there are no critical judgements or key sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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 each asset over its estimated useful life.

Plant and machinery

-

20% on cost, 5% on cost and 4% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33.33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered the Company's financial position and are satisfied that it has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 December 2024

-

175,786

18,250

3,091

197,127

Additions

313,000

147,250

-

2,498

462,748

At 30 November 2025

313,000

323,036

18,250

5,589

659,875

DEPRECIATION

At 1 December 2024

-

55,633

4,563

706

60,902

Charge for year

-

25,353

3,650

1,169

30,172

At 30 November 2025

-

80,986

8,213

1,875

91,074

NET BOOK VALUE

At 30 November 2025

313,000

242,050

10,037

3,714

568,801

At 30 November 2024

-

120,153

13,687

2,385

136,225

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

4,927,676

Additions

64,855

Revaluations

924,344

At 30 November 2025

5,916,875

NET BOOK VALUE

At 30 November 2025

5,916,875

At 30 November 2024

4,927,676

Fair value at 30 November 2025 is represented by:

£

Valuation in 2025

924,344

Cost

4,992,531

5,916,875

If investment property had not been revalued it would have been included at the following historical cost:

30.11.25

30.11.24

£

£

Cost

4,992,531

3,939,614

Investment property was valued on an open market basis on 30 November 2025 by the Director. .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

1,698

1,042

Other debtors

1,251,910

671,104

Tax

21,981

-

Prepayments and accrued income

18,365

5,156

1,293,954

677,302

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

5,000

10,000

Trade creditors

70,504

46,716

Tax

5,200

49,972

Social security and other taxes

1,264

696

VAT

204,667

181,004

Other creditors

1,199,793

379,612

Directors' current accounts

3,535,522

3,295,950

Accruals and deferred income

9,757

6,000

5,031,707

3,969,950

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans - 1-2 years

-

5,000

Bank loans more 5 yr by instal

1,258,425

1,258,425

1,258,425

1,263,425

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,258,425

1,258,425

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Bank loans

1,263,425

1,273,425

The bank loan is secured against the properties to which the loan relates.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

100

Ordinary

£1.00

100

100

11.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 December 2024

513,261

-

513,261

Profit for the year

717,200

717,200

Dividends

(500

)

(500

)

Assets revalued in period

(693,258

)

693,258

-

At 30 November 2025

536,703

693,258

1,229,961

12.	CONTINGENT LIABILITIES

The Company had no contingent liabilities at the balance sheet date.

13.	RELATED PARTY DISCLOSURES

At 30th November 2025, there were the following balances relating to associated companies.

Owed by Franklin Holdings Ltd £1,245,745- During the year a further £851,188 was borrowed. (2024 - £664,457). This loan is included in other debtors.

£1,046,912 was owed to Vangoo Ltd (2024 - £216,222). This loan can be found in other creditors.

£138,201 was owed to Mill Island Boating Ltd (2024 - £144,801). This loan can be found in other creditors.

At the balance sheet date, the Company owed £3,535,522 (2024 - £3,295,950) to the director.

These loans are unsecured, interest-free and repayable on demand

14.	POST BALANCE SHEET EVENTS

There have been no events after the balance sheet date affecting the Company since the financial period.

15.	CASH & CASH EQUIVALENTS DEFINITION

Cash and cash equivalents consist solely of balances held in the Company's bank current account. The Company does not hold any short-term investments and does not operate an overdraft facility