REGISTERED NUMBER: 05520559 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

MILLWELLS ESTATES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Y E Englander

Mrs R Englander

SECRETARY:

C M Englander

REGISTERED OFFICE:

115 Craven Park Road

Stamford Hill

London

N15 6BL

REGISTERED NUMBER:

05520559 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

4

750

890

Investment property

5

560,000

560,000

560,750

560,890

CURRENT ASSETS

Debtors

6

5,109

4,000

Cash at bank

1,521

936

6,630

4,936

CREDITORS

Amounts falling due within one year

7

(39,136

)

(46,047

)

NET CURRENT LIABILITIES

(32,506

)

(41,111

)

TOTAL ASSETS LESS CURRENT LIABILITIES

528,244

519,779

CREDITORS

Amounts falling due after more than one year

8

(79,261

)

(84,825

)

PROVISIONS FOR LIABILITIES

(65,459

)

(65,459

)

NET ASSETS

383,524

369,495

CAPITAL AND RESERVES

Called up share capital

9

3

3

Revaluation reserve

10

344,520

344,520

Retained earnings

10

39,001

24,972

SHAREHOLDERS' FUNDS

383,524

369,495

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 directors acknowledge their 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 Board of Directors and authorised for issue on 24 August 2026 and were signed on its behalf by:

Y E Englander - Director

1.	STATUTORY INFORMATION

Millwells Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents net rent receivable, excluding value added tax.

Depreciation

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Investment properties

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

10,783

570

11,353

DEPRECIATION

At 1 January 2025

9,929

534

10,463

Charge for year

128

12

140

At 31 December 2025

10,057

546

10,603

NET BOOK VALUE

At 31 December 2025

726

24

750

At 31 December 2024

854

36

890

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

560,000

NET BOOK VALUE

At 31 December 2025

560,000

At 31 December 2024

560,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2016

284,520

Valuation in 2021

60,000

Cost

215,480

560,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

1,109

-

Other debtors

4,000

4,000

5,109

4,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

869

137

Taxation and social security

3,408

2,188

Other creditors

34,859

43,722

39,136

46,047

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

79,261

84,825

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

79,261

84,825

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

3

Ordinary

1

3

3

10.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 January 2025

24,972

344,520

369,492

Profit for the year

14,029

14,029

At 31 December 2025

39,001

344,520

383,521

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Y E Englander.