ACCOUNTS - Final Accounts preparation

Registered number: 04260537

MYMILTONKEYNES LTD

(A company limited by guarantee)

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2026


MYMILTONKEYNES LTD (A company limited by guarantee) REGISTERED NUMBER:04260537

BALANCE SHEET

AS AT 31 MAY 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	5		3,511		5,966
			3,511		5,966
Current assets
Debtors: amounts falling due within one year	6	321,062		277,220
Cash at bank and in hand	7	236,522		320,134
		557,584		597,354
Creditors: amounts falling due within one year	8	(211,657)		(223,773)
Net current assets			345,927		373,581
Total assets less current liabilities			349,438		379,547

Net assets			349,438		379,547

Capital and reserves
Profit and loss account	349,438	379,547
	349,438	379,547

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MYMILTONKEYNES LTD (A company limited by guarantee) REGISTERED NUMBER:04260537

BALANCE SHEET (CONTINUED)

AS AT 31 MAY 2026

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................ Jill Farnsworth	................................................ Diane Wehrle
Director	Director

Date: 23 September 2026	Date:23 September 2026

The notes on pages 3 to 6 form part of these financial statements.

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MYMILTONKEYNES LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

1.	General information

MyMiltonKeynes Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office and principal place of business is Ground Floor, Sovereign Court, 215 Witan Gate, Milton Keynes, MK9 2HP.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on the going concern basis, based on the continued support of the directors.

2.3

Turnover

Turnover represents amounts receivable for the BID levy which is based on the rateable value of properties situated within the BID area, membership fees from non levy payers and other services, net of VAT.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery

33%

straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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MYMILTONKEYNES LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

2.Accounting policies (continued)

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation

The Company is exempt from corporation tax, it being a Company not carrying on a business for the purposes of making a profit.

Employees

The average monthly number of employees, including directors, during the year was 22 (2025 - 18).

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MYMILTONKEYNES LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

5.	Tangible fixed assets

		Plant and machinery
		£
	Cost or valuation
	At 1 June 2025	28,655
	Additions	170
	At 31 May 2026	28,825
	Depreciation
	At 1 June 2025	22,689
	Charge for the year on owned assets	2,625
	At 31 May 2026	25,314
	Net book value
	At 31 May 2026	3,511
	At 31 May 2025	5,966

Debtors

					2026	2025
					£	£


Trade debtors	256,934	259,605
Other debtors	590	-
Prepayments and accrued income	63,538	17,615
	321,062	277,220

7.	Cash and cash equivalents
		2026	2025
		£	£

	Cash at bank and in hand	236,522	320,134

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MYMILTONKEYNES LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

8.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Trade creditors	52,297	55,541
Other taxation and social security	36,782	31,824
Other creditors	1,873	1,317
Accruals and deferred income	120,705	135,091
	211,657	223,773


9.	Company status

The Company is a private Company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the Company in the event of liquidation.

10.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totalling £1,873 (2025 - £1,317) were payable to the fund at the balance sheet date and are included in creditors.

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