MLIL Holdings Limited iXBRL

Company Registration Number: 15193599

MLIL Holdings Limited

Unaudited Financial Statements

for the financial year ended 30 November 2025

MLIL Holdings Limited

DIRECTORS AND OTHER INFORMATION


Directors	Rasa Petkeviciute
	Michael McQuade


Company Registration Number	15193599


Registered Office and Business Address	52 Canonbury Road
	London
	England
	N1 2HS


Accountants	Quarter
	Chartered Accountants
	St. Annes House
	15 Church Street
	Cathedral Quarter
	BT1 1PG
	United Kingdom

MLIL Holdings Limited

CHARTERED ACCOUNTANTS REPORT

to the Board of Directors on the Compilation of the unaudited financial statements of MLIL Holdings Limited

for the financial year ended 30 November 2025

In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 30 November 2025 as set out on pages to which comprise the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.

This report is made solely to the Board of Directors of MLIL Holdings Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report 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 its Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.

You have acknowledged on the Statement of Financial Position for the year ended 30 November 2025 your duty to ensure that MLIL Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MLIL Holdings Limited. You consider that MLIL Holdings Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of MLIL Holdings Limited. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

__________________________________

QUARTER

Chartered Accountants

St. Annes House

15 Church Street

Cathedral Quarter

BT1 1PG

United Kingdom

28 August 2026

MLIL Holdings Limited

Company Registration Number: 15193599

STATEMENT OF FINANCIAL POSITION

as at 30 November 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Financial assets

304,747

274,507

─────────

Creditors: amounts falling due within one year

(238,553)

(154,640)

─────────

Net Current Liabilities

(238,553)

(154,640)

─────────

Total Assets less Current Liabilities

66,194

119,867

Creditors:

amounts falling due after more than one year

(66,094)

(119,767)

─────────

Net Assets

100

100

═════════

Capital and Reserves

Called up share capital

100

100

─────────

Equity attributable to owners of the company

100

100

═════════

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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.

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

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 28 August 2026 and signed on its behalf by



________________________________
Rasa Petkeviciute
Director

MLIL Holdings Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 30 November 2025

General Information

MLIL Holdings Limited is a company limited by shares incorporated and registered in England. The registered number of the company is 15193599. The registered office of the company is 52 Canonbury Road, London, England, N1 2HS which is also the principal place of business of the company. The principal activity is that of a holding company. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 30 November 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Consolidated accounts

The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.

Financial assets

Financial assets held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Income Statement in the financial year in which it is receivable.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including directors, during the financial year was 2.

2025

2024

Number

Number

Employees

═════════


4.	Financial fixed assets
		Group and	Total
		participating
		interests/
		joint ventures
	Investments	£	£
	Cost
	At 1 December 2024	274,507	274,507
	Additions	30,240	30,240
		─────────	─────────
	At 30 November 2025	304,747	304,747
		─────────	─────────
	Net book value
	At 30 November 2025	304,747	304,747
		═════════	═════════
	At 30 November 2024	274,507	274,507
		═════════	═════════

4.1.

Holdings in related undertakings

The company holds 20% or more of the share capital of the following company:

Country

Nature

Details

Proportion

held by

Name

incorporation and address of Registered Office

business

investment

company

Subsidiary undertaking

Modern Life Is Limited

52 Canonbury Road

London

N1 2HS

Public House

Ordinary Shares

100%

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Year ended

Capital and

Profit for

reserves

the year

Modern Life Is Limited

30 November 2025

26,128

1,073

═════════

In the opinion of the directors, the value to the company of the unlisted investments is not less than the book amount shown above.


5.	Creditors	2025	2024
	Amounts falling due within one year	£	£

	Bank loan	53,672	43,585
	Amounts owed to group undertakings (Note 9)	158,002	79,176
	Directors' current accounts	14,681	16,330
	Other creditors	11,058	14,409
	Accruals	1,140	1,140
		─────────	─────────
		238,553	154,640
		═════════	═════════


6.	Creditors	2025	2024
	Amounts falling due after more than one year	£	£

	Bank loan	66,094	119,767
		═════════	═════════

	Loans
	Repayable in one year or less, or on demand (Note 5)	53,672	43,585
	Repayable between one and two years	66,094	53,673
	Repayable between two and five years	-	66,094
		─────────	─────────
		119,766	163,352
		═════════	═════════

Details of creditors

Security given in respect of creditors

The following securities have been agreed in relation to the Company's borrowing:

- First Legal Charge over the intellectual property including trademark (15193588).

The above noted charge also contains a floating charge which includes all the property or undertaking of the

company and a negative pledge.

Capital commitments

The company had no material capital commitments at the financial year-ended 30 November 2025.

Related party transactions

Transactions with group companies include ...

Modern Life is Limited

As at 1 December 2024, Modern Life is Limited was owed £79,176 by MLIL Holdings Limited. During the period net transactions between the 2 companies totalled £78,826. Therefore, as at 30 November 2025, Modern Life is Limited was owed £158,002 MLIL Holdings Limited.

Transactions and balances with group company:

2025

2024

Group Undertaking Creditors

Modern Life Is Limited

158,002

79,176

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10.

Events After the End of the Reporting Period

There have been no significant events affecting the company since the financial year-end.