REGISTERED NUMBER: 08439456 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Millstream Estate Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N E Keenan

REGISTERED OFFICE:

Unit 1

Old RAF Buildings

Dorcas Lane

Stoke Hammond

Buckinghamshire

MK17 0EA

REGISTERED NUMBER:

08439456 (England and Wales)

ACCOUNTANTS:

Connolly Accountants & Business Advisors Ltd

Chartered Certified Accountants

The Stable Yard

25-33 Vicarage Road

Stony Stratford

Milton Keynes

Buckinghamshire

MK11 1BN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

998,074

1,004,020

998,074

1,004,020

CURRENT ASSETS

Stocks

-

10,745

Debtors

6

921,069

186,515

Cash at bank and in hand

116,792

678,913

1,037,861

876,173

CREDITORS

Amounts falling due within one year

7

427,123

394,249

NET CURRENT ASSETS

610,738

481,924

TOTAL ASSETS LESS CURRENT LIABILITIES

1,608,812

1,485,944

CREDITORS

Amounts falling due after more than one year

8

(317,035

)

(436,849

)

PROVISIONS FOR LIABILITIES

(49,583

)

(51,069

)

NET ASSETS

1,242,194

998,026

CAPITAL AND RESERVES

Called up share capital

100

125

Capital redemption reserve

25

-

Retained earnings

1,242,069

997,901

SHAREHOLDERS' FUNDS

1,242,194

998,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 26 August 2026 and were signed by:

N E Keenan - Director

1.	STATUTORY INFORMATION

Millstream Estate Services 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 2013, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Plant & machinery

-

3 years, 25% on cost and 25% on reducing balance

Fixtures and fittings

-

25% on cost

Motor vehicles

-

3 years, 25% on cost and 25% on reducing balance

Computer equipment

-

3 years

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is a contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from related companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised costs, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

9,920

AMORTISATION

At 1 January 2025

and 31 December 2025

9,920

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant &

property

property

machinery

£

£

£

COST

At 1 January 2025

888,045

3,636

573,701

Additions

-

-

27,069

Disposals

-

-

(8,250

)

Transfer to ownership

-

-

-

Reclassification/transfer

-

-

-

At 31 December 2025

888,045

3,636

592,520

DEPRECIATION

At 1 January 2025

88,301

2,333

396,529

Charge for year

-

364

96,977

Eliminated on disposal

-

-

(8,250

)

At 31 December 2025

88,301

2,697

485,256

NET BOOK VALUE

At 31 December 2025

799,744

939

107,264

At 31 December 2024

799,744

1,303

177,172

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

43,388

303,114

13,446

1,825,330

Additions

1,761

95,693

2,148

126,671

Disposals

-

(30,636

)

-

(38,886

)

Transfer to ownership

-

(29,995

)

-

(29,995

)

Reclassification/transfer

-

29,995

-

29,995

At 31 December 2025

45,149

368,171

15,594

1,913,115

DEPRECIATION

At 1 January 2025

41,390

280,700

12,057

821,310

Charge for year

775

33,502

999

132,617

Eliminated on disposal

-

(30,636

)

-

(38,886

)

At 31 December 2025

42,165

283,566

13,056

915,041

NET BOOK VALUE

At 31 December 2025

2,984

84,605

2,538

998,074

At 31 December 2024

1,998

22,414

1,389

1,004,020

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

360,403

107,333

Amounts owed by group undertakings

493,174

30,912

Other debtors

67,492

48,270

921,069

186,515

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

38,088

33,150

Hire purchase contracts (see note 10)

43,385

44,964

Trade creditors

70,212

144,025

Taxation and social security

222,927

131,057

Other creditors

52,511

41,053

427,123

394,249

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

293,265

388,350

Hire purchase contracts (see note 10)

23,770

48,499

317,035

436,849

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

266,695

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

29,756

23,150

BBLS

8,332

10,000

38,088

33,150

Amounts falling due between one and two years:

Bank loans - 1-2 years

293,265

25,058

BBLS - 1-2 years

-

8,334

293,265

33,392

2025

2024

£

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

88,263

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

266,695

The bank loan is a mortgage which is secured by fixed and floating charges over the property or undertaking of the company.

The Bounce Back Loan balance outstanding is unsecured and guaranteed by the UK Government.

10.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Gross obligations repayable:

Within one year

46,661

50,080

Between one and five years

24,720

50,895

71,381

100,975

Finance charges repayable:

Within one year

3,276

5,116

Between one and five years

950

2,396

4,226

7,512

Net obligations repayable:

Within one year

43,385

44,964

Between one and five years

23,770

48,499

67,155

93,463

Hire purchase arrangements are secured against the assets to which they relate.