REGISTERED NUMBER: 01664669 (England and Wales)

Unaudited Financial Statements for the Year Ended 28th February 2025

for

MILANSPAR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs B H McMichael

M G Bridle

P W McMichael

SECRETARY:

Mrs B H McMichael

REGISTERED OFFICE:

38 Salisbury Road

Worthing

West Sussex

BN11 1RD

REGISTERED NUMBER:

01664669 (England and Wales)

ACCOUNTANTS:

MastersFuller

Chartered Certified Accountants

38 Salisbury Road

Worthing

West Sussex

BN11 1RD

FIXED ASSETS

Tangible assets

4

13

13

Investment property

5

1,755,000

1,755,000

1,755,013

1,755,013

CURRENT ASSETS

Investments

6

271,118

261,706

Cash at bank

210,793

213,552

481,911

475,258

CREDITORS

Amounts falling due within one year

7

12,640

23,392

NET CURRENT ASSETS

469,271

451,866

TOTAL ASSETS LESS CURRENT LIABILITIES

2,224,284

2,206,879

PROVISIONS FOR LIABILITIES

65,592

65,592

NET ASSETS

2,158,692

2,141,287

CAPITAL AND RESERVES

Called up share capital

10

10

Fair value reserve

8

279,634

279,634

Retained earnings

1,879,048

1,861,643

SHAREHOLDERS' FUNDS

2,158,692

2,141,287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 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 28th November 2025 and were signed on its behalf by:

M G Bridle - Director

1.	STATUTORY INFORMATION

Milanspar 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rents receivable from operating leases, excluding value added tax.

Tangible fixed assets

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

Equipment

-

20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Fair Value Reserve.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1st March 2024

and 28th February 2025

21,328

DEPRECIATION

At 1st March 2024

and 28th February 2025

21,315

NET BOOK VALUE

At 28th February 2025

13

At 29th February 2024

13

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st March 2024

and 28th February 2025

1,755,000

NET BOOK VALUE

At 28th February 2025

1,755,000

At 29th February 2024

1,755,000

Fair value at 28th February 2025 is represented by:

£

Valuation in 2015

75,436

Valuation in 2016

49,000

Valuation in 2017

(7,000

)

Valuation in 2018

34,790

Valuation in 2022

193,000

Cost

1,409,774

1,755,000

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,409,774

1,409,774

The investment properties were valued on an open market basis on 28th February 2025 by the directors .

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Listed investments

271,118

261,706

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

2,823

2,876

Other creditors

9,817

20,516

12,640

23,392

8.

RESERVES

Fair

value

reserve

£

At 1st March 2024

and 28th February 2025

279,634