Registration number: 00911024

Milton Keynes Properties Limited

Contents

Accountants' Report	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 7

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Milton Keynes Properties Limited
for the Period Ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Milton Keynes Properties Limited for the period ended 31 March 2026 as set out on pages 2 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Milton Keynes Properties Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Milton Keynes Properties Limited and state those matters that we have agreed to state to the Board of Directors of Milton Keynes Properties Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Milton Keynes Properties Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Milton Keynes Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Milton Keynes Properties Limited. You consider that Milton Keynes Properties Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Milton Keynes Properties Limited. For this reason, we have not verified the 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 accounts.

......................................

Jay & Jay Partnership Limited
Chartered Certified Accountants
2 Chesterfield Buildings
Westbourne Place
Clifton Bristol
BS8 1RU

17 September 2026

Milton Keynes Properties Limited

(Registration number: 00911024)
Abridged Balance Sheet as at 31 March 2026

	Note	2026 £	(As restated) 2024 £
Fixed assets
Tangible assets	4	2,460	2,894
Investment property		1,870,000	1,870,000
		1,872,460	1,872,894
Current assets
Debtors		63,647	21,179
Cash at bank and in hand		192,368	138,556
		256,015	159,735
Creditors: Amounts falling due within one year		126,130	86,576
Net current assets		129,885	73,159
Total assets less current liabilities		2,002,345	1,946,053
Provisions for liabilities		33,638	33,638
Net assets		1,968,707	1,912,415
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		1,967,707	1,911,415
Shareholders' funds		1,968,707	1,912,415

For the financial period ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Milton Keynes Properties Limited

(Registration number: 00911024)
Abridged Balance Sheet as at 31 March 2026

Approved and authorised by the Board on 16 September 2026 and signed on its behalf by:
 

......................................... Ms J C Willis Director

Milton Keynes Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 October 2024 to 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Utility House
3 York Court
Upper York Street
Bristol
BS2 8QF

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

The results for 2026 are for the 18 months to 31st March 2026 and the results for 2024 are for the year to 30th September 2024

Reclassification of comparative amounts

The 2024 accounts were originally prepared under FRS105. The 2026 accounts have been prepared under FRS102. As a result the comparative figures at 1st October 2023 have been restated to include the investment properties at fair value and the accounts at that date also include a provision for deferred tax on the revalued amounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Milton Keynes Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 October 2024 to 31 March 2026

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	15% Reducing Balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities, or equity instruments. An equity instrument is any contact that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3 (2024 - 3).

Milton Keynes Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 October 2024 to 31 March 2026

4	Tangible assets

	Plant and machinery £	Total £
Cost or valuation
At 1 October 2024	3,429	3,429
At 31 March 2026	3,429	3,429
Depreciation
At 1 October 2024	535	535
Charge for the period	434	434
At 31 March 2026	969	969
Carrying amount
At 31 March 2026	2,460	2,460
At 30 September 2024	2,894	2,894

Investment properties

	2026 £
At 1st October 2024 and 31st March 2026	1,870,000

	2026 £
At 1st October 2024 and 31st March 2026	1,870,000

The investment property was valued by the directors at the balance sheet date.

The original cost of the investment property was £616,549

5	Related party transactions

During the year the directors entered into the following advances and credits with the company:

2026	At 1 October 2024 £	Repayments by director £	At 31 March 2026 £
Ms J C Willis
	3,465	(3,465)	-

Milton Keynes Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 October 2024 to 31 March 2026

2024	At 1 October 2023 £	Advances to director £	At 30 September 2024 £
Ms J C Willis
	-	3,465	3,465