Company Registration No. 3598057 (England and Wales)
Milan Land and Properties Limited
Unaudited accounts
for the year ended 31 December 2025
Milan Land and Properties Limited
Unaudited accounts
Contents
Milan Land and Properties Limited
Company Information
for the year ended 31 December 2025
Company Number
3598057 (England and Wales)
Registered Office
179 Lordswood Road
Birmingham
West Midlands
B17 9BP
England
Accountants
DMW Accountancy Services
Apartment 4, Sycamore House
9 Fulford Close
Wythall
Worcestershire
B47 6HJ
Milan Land and Properties Limited
Statement of financial position
as at 31 December 2025
Investment property
1,695,658
1,695,658
Cash at bank and in hand
4,512
22,063
Creditors: amounts falling due within one year
(109,115)
(106,283)
Net current liabilities
(104,603)
(84,220)
Total assets less current liabilities
1,601,930
1,611,438
Creditors: amounts falling due after more than one year
(646,608)
(649,185)
Provisions for liabilities
Deferred tax
(19,069)
(19,069)
Net assets
936,253
943,184
Called up share capital
78,000
78,000
Revaluation reserve
826,984
826,984
Profit and loss account
31,269
38,200
Shareholders' funds
936,253
943,184
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 September 2026 and were signed on its behalf by
G S Nagra
Director
Company Registration No. 3598057
Milan Land and Properties Limited
Notes to the Accounts
for the year ended 31 December 2025
Milan Land and Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 3598057. The registered office is 179 Lordswood Road, Birmingham, West Midlands, B17 9BP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Milan Land and Properties Limited
Notes to the Accounts
for the year ended 31 December 2025
4
Tangible fixed assets
Motor vehicles
At 31 December 2025
14,500
At 31 December 2025
10,875
Fair value at 1 January 2025
1,695,658
At 31 December 2025
1,695,658
The directors have themselves valued the investment property portfolio taking into account all local market conditions and the use of internet based property sale websites. The properties have been included at fair value and are not depreciated. The revaluation in the prior year has been recognised in the profit and loss account and deferred tax has been accounted for on the revaluation. No revaluation was required in 2025.
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Creditors: amounts falling due within one year
2025
2024
Taxes and social security
(64)
-
Other creditors
6,475
6,475
Loans from directors
101,754
98,858
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Creditors: amounts falling due after more than one year
2025
2024
Bank loans
646,608
646,628
Taxes and social security
-
2,557
Of the above creditors £646,608 is secured on the investment properties (2024 £646,628).
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Average number of employees
During the year the average number of employees was 0 (2024: 0).