REGISTERED NUMBER: 10647823 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Millenial Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms M Wright

REGISTERED OFFICE:

Office 855

60 Tottenham Court Road

Fitzrovia

London

W1T 2EW

REGISTERED NUMBER:

10647823 (England and Wales)

FIXED ASSETS

Tangible assets

4

33,941

20,779

CURRENT ASSETS

Debtors

5

168,136

169,943

Cash at bank

15,509

7,723

183,645

177,666

CREDITORS

Amounts falling due within one year

6

300,847

13,598

NET CURRENT (LIABILITIES)/ASSETS

(117,202

)

164,068

TOTAL ASSETS LESS CURRENT LIABILITIES

(83,261

)

184,847

CREDITORS

Amounts falling due after more than one year

7

1,912,868

1,912,868

NET LIABILITIES

(1,996,129

)

(1,728,021

)

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

(1,996,131

)

(1,728,023

)

SHAREHOLDERS' FUNDS

(1,996,129

)

(1,728,021

)

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 her 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 22 September 2026 and were signed by:

Paul Secker - Director

1.	STATUTORY INFORMATION

Millenial Developments 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.

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.

Going concern

The director has a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date of the financial statements were approved. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

The company is funded by way of intercompany borrowings administered by its parent undertakings, Millenial Development Projects Limited. As a result, the company is dependent on the ongoing support of the parent company to meet its debts and other financial obligations as they fall due. Millenial Development Projects Limited has pledged to support the company for a period of at least 12 months from the date of approval of these financial statements. The director therefore considers it appropriate to prepare these accounts on a going concern basis.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume discounts.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Tangible fixed assets

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

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment - 20% reducing balance

Fixtures & fittings - 20% reducing balance

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions 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 cost 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 any 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, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Debtors

Debtors with no stated interest rate and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit or loss.

Creditors

Creditors with no stated interest rate and payable within one year are recorded at transaction price. All interest bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable. After initial recognition they are measured at amortised cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2025

49,023

1,816

50,839

Additions

10,070

12,876

22,946

At 31 December 2025

59,093

14,692

73,785

DEPRECIATION

At 1 January 2025

28,943

1,117

30,060

Charge for year

7,034

2,750

9,784

At 31 December 2025

35,977

3,867

39,844

NET BOOK VALUE

At 31 December 2025

23,116

10,825

33,941

At 31 December 2024

20,080

699

20,779

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

37,921

-

Amounts owed by group undertakings

47,278

157,800

Other debtors

82,937

12,143

168,136

169,943

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts (see note 8)

160

-

Trade creditors

18,427

2,018

Amounts owed to group undertakings

268,728

-

Taxation and social security

3,932

1,980

Other creditors

9,600

9,600

300,847

13,598

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Amounts owed to group undertakings

1,912,868

1,912,868

8.

LOANS

An analysis of the maturity of loans is given below:

31.12.25

31.12.24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

160

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

1

A Ordinary Shares

£1

1

1

1

B Ordinary Shares

£1

1

1

2

2

The company has two classes of ordinary shares described as follows:

Each 'A' share has full rights in the company with respect to voting, dividends and distributions.

Each 'B' share has full rights in the company with respect to voting (apart from those matters in the Articles being reserved for 'A' ordinary shareholders), dividends and distributions.

10.	RELATED PARTY DISCLOSURES

Unsecured Loans from Parent Company

The company has loans amounting to £1,912,868 due to its parent company, Millenial Development Projects Limited. These loans are unsecured and are repayable on demand in accordance with the terms of the facility agreement.

Amounts Due From/To Group Undertakings

£43,458 due from Riverside House East Limited

£2,600 due from MDPL (Kingston) Limited

£268,728 due to Riverside House West Limited

All intercompany balances are unsecured and bear no fixed terms of repayment, unless otherwise stated.

11.	PARENT COMPANY

The company is a wholly owned subsidiary of Millenial Development Projects Limited, a company registered in Gibraltar with company number 116785 whose registered office is at World Trade Center, 6 Bayside Road, Gibraltar GX11 1AA.