Company No: 05773154 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

David John Weston

SECRETARY

Gillian Weston Howe

REGISTERED OFFICE	Gascoyne House Moseleys Farm Business Centre
	Fornham All Saints
	Bury St Edmunds
	IP28 6JY
	United Kingdom

COMPANY NUMBER

05773154 (England and Wales)

CHARTERED ACCOUNTANTS	Gascoynes
	Gascoyne House
	Moseleys Farm Business Centre
	Fornham All Saints
	Bury St Edmunds
	Suffolk
	IP28 6JY

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	3	25,000		25,000
Tangible assets	4	608,997		845,300
		633,997		870,300
Current assets
Stocks		2,500		2,500
Debtors	5	9,161		146
Cash at bank and in hand		99,277		60,996
		110,938		63,642
Creditors: amounts falling due within one year	6	( 214,767)		( 409,483)
Net current liabilities		(103,829)		(345,841)
Total assets less current liabilities		530,168		524,459
Creditors: amounts falling due after more than one year	7	( 18,356)		( 87,488)
Net assets		511,812		436,971
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		511,712		436,871
Total shareholder's funds		511,812		436,971

For the financial 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.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Mildenhire Limited (registered number: 05773154) were approved and authorised for issue by the Director on 20 October 2026. They were signed on its behalf by:

David John Weston Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Mildenhire Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Gascoyne House Moseleys Farm Business Centre, Fornham All Saints, Bury St Edmunds, IP28 6JY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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 rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

not amortised

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery etc.	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	8		8

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2025	25,000		25,000
At 31 March 2026	25,000		25,000
Accumulated amortisation
At 01 April 2025	0		0
At 31 March 2026	0		0
Net book value
At 31 March 2026	25,000		25,000
At 31 March 2025	25,000		25,000

4. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 April 2025	190,000		2,711,339		2,901,339
Additions	0		30,222		30,222
Disposals	0		( 319,047)		( 319,047)
At 31 March 2026	190,000		2,422,514		2,612,514
Accumulated depreciation
At 01 April 2025	0		2,056,039		2,056,039
Charge for the financial year	0		156,282		156,282
Disposals	0		( 208,804)		( 208,804)
At 31 March 2026	0		2,003,517		2,003,517
Net book value
At 31 March 2026	190,000		418,997		608,997
At 31 March 2025	190,000		655,300		845,300

5. Debtors

	2026		2025
	£		£
Other debtors	9,161		146

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans	0		43,646
Trade creditors	19,506		14,980
Taxation and social security	71,898		161,759
Obligations under finance leases and hire purchase contracts	6,239		113,424
Other creditors	117,124		75,674
	214,767		409,483

7. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans	1,466		87,488
Obligations under finance leases and hire purchase contracts	16,890		0
	18,356		87,488

Hire purchases contractors are financed against their respective assets.

There is a debenture charge held over Mildenhire Limited to National Westminster Bank PLC as of 27 September 2010 which is a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, uncalled capital, buildings, fixtures, fixed plant & machinery.

8. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100