Company Registration No. 11371638 (England and Wales)
Milwain Properties Limited
Unaudited accounts
for the year ended 31 March 2026
Milwain Properties Limited
Unaudited accounts
Contents
Milwain Properties Limited
Company Information
for the year ended 31 March 2026
Company Number
11371638 (England and Wales)
Registered Office
20 The Rye
London
London
N14 4LX
England
Accountants
James Wheelan Accountancy Limited
Minshull House
67 Wellington Road North
Stockport
SK4 2LP
Milwain Properties Limited
Statement of financial position
as at 31 March 2026
Investment property
575,000
557,000
Cash at bank and in hand
3,649
3,236
Creditors: amounts falling due within one year
(147,412)
(127,204)
Net current liabilities
(143,763)
(123,968)
Total assets less current liabilities
431,237
433,032
Creditors: amounts falling due after more than one year
(333,634)
(341,128)
Provisions for liabilities
Deferred tax
(21,666)
(18,419)
Called up share capital
100
100
Fair value reserve
93,674
79,094
Profit and loss account
(17,837)
(5,709)
Shareholders' funds
75,937
73,485
For the year ending 31 March 2026 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 2 October 2026 and were signed on its behalf by
Matthew Walker
Director
Company Registration No. 11371638
Milwain Properties Limited
Notes to the Accounts
for the year ended 31 March 2026
Milwain Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 11371638. The registered office is 20 The Rye, London, London, N14 4LX, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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:
Fixtures & fittings
5 years
Milwain Properties Limited
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 April 2025
557,000
Net gain from fair value adjustments
18,000
6
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
27,278
27,278
Loans from directors
119,324
99,116
7
Creditors: amounts falling due after more than one year
2026
2025
Bank loans
333,634
341,128
The bank loans are secured by fixed charge over the investment property held by the company.
8
Deferred taxation
2026
2025
Revaluation of investment property
21,666
18,419
Provision at start of year
18,419
10,022
Charged to the profit and loss account
3,247
8,397
Provision at end of year
21,666
18,419
Milwain Properties Limited
Notes to the Accounts
for the year ended 31 March 2026
9
Transactions with related parties
During the year funds were made available to the company from the director. At the year end a balance totalling £119,324 was owed to the director.
10
Average number of employees
During the year the average number of employees was 1 (2025: 1).