REGISTERED NUMBER: 04640184 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2026

for

Milo Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Bishop

D Bishop

REGISTERED OFFICE:

The Old Schoolhouse

5-7 Byrom Street

Manchester

M3 4PF

REGISTERED NUMBER:

04640184 (England and Wales)

ACCOUNTANTS:

Pareto Tax & Wealth LLP

The Old Schoolhouse

5-7 Byrom Street

Manchester

M3 4PF

FIXED ASSETS

Tangible assets

4

2,739

2,150

Investment property

5

888,094

963,094

890,833

965,244

CURRENT ASSETS

Debtors

6

14,059

10,310

Cash at bank

16,134

24,202

30,193

34,512

CREDITORS

Amounts falling due within one year

7

106,251

53,073

NET CURRENT LIABILITIES

(76,058

)

(18,561

)

TOTAL ASSETS LESS CURRENT LIABILITIES

814,775

946,683

CREDITORS

Amounts falling due after more than one year

8

430,585

502,683

NET ASSETS

384,190

444,000

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

384,090

443,900

SHAREHOLDERS' FUNDS

384,190

444,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 16 October 2026 and were signed on its behalf by:

D Bishop - Director

1.	STATUTORY INFORMATION

Milo Properties Ltd 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2025

38,771

Additions

1,199

At 31 August 2026

39,970

DEPRECIATION

At 1 September 2025

36,621

Charge for year

610

At 31 August 2026

37,231

NET BOOK VALUE

At 31 August 2026

2,739

At 31 August 2025

2,150

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2025

963,094

Disposals

(75,000

)

At 31 August 2026

888,094

NET BOOK VALUE

At 31 August 2026

888,094

At 31 August 2025

963,094

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.26

31.8.25

£

£

Other debtors

14,059

10,310

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.26

31.8.25

£

£

Bank loans and overdrafts

25,500

25,500

Taxation and social security

(1,906

)

2,081

Other creditors

82,657

25,492

106,251

53,073

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.26

31.8.25

£

£

Bank loans

430,585

502,683

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

430,585

502,683

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.26

31.8.25

£

£

Bank loans

456,085

528,183

The bank loan is secured on a portfolio of investment property.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2026 and 31 August 2025:

31.8.26

31.8.25

£

£

D Bishop

Balance outstanding at start of year

(1,103

)

62,439

Amounts advanced

91,469

51,558

Amounts repaid

(86,665

)

(115,100

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,701

(1,103

)

J Bishop

Balance outstanding at start of year

(13,100

)

-

Amounts advanced

-

135,000

Amounts repaid

-

(148,100

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(13,100

)

(13,100

)

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Primas NewCo 2 Limited.