REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 28 February 2018 |
for |
Niall J.M. Miller (Holdings) Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 28 February 2018 |
for |
Niall J.M. Miller (Holdings) Limited |
Niall J.M. Miller (Holdings) Limited (Registered number: SC163238) |
Contents of the Financial Statements |
for the Year Ended 28 February 2018 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
Niall J.M. Miller (Holdings) Limited (Registered number: SC163238) |
Balance Sheet |
28 February 2018 |
28.2.18 | 28.2.17 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
Niall J.M. Miller (Holdings) Limited (Registered number: SC163238) |
Balance Sheet - continued |
28 February 2018 |
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. |
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 on |
Niall J.M. Miller (Holdings) Limited (Registered number: SC163238) |
Notes to the Financial Statements |
for the Year Ended 28 February 2018 |
1. | STATUTORY INFORMATION |
Niall J.M. Miller (Holdings) Limited is a private company, limited by shares, domiciled in Scotland, registration |
number SC163238. The registered office is 2 Cunningham Road, Springkerse Industrial Estate, Stirling, |
Stirlingshire, FK7 7SW |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
The turnover shown in the profit and loss account represents amounts receivable during the year from property |
leasing, exclusive of Value Added Tax. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at 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 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. |
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. |
Provisions |
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is |
probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably |
estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time |
value of money is material. |
Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is |
determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of |
an outflow with respect to any one item included in the same class of obligations may be small. |
Niall J.M. Miller (Holdings) Limited (Registered number: SC163238) |
Notes to the Financial Statements - continued |
for the Year Ended 28 February 2018 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 March 2017 |
and 28 February 2018 |
NET BOOK VALUE |
At 28 February 2018 |
At 28 February 2017 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 March 2017 |
and 28 February 2018 |
DEPRECIATION |
At 1 March 2017 | 293,622 |
Charge for year | 19,958 |
At 28 February 2018 | 313,580 |
NET BOOK VALUE |
At 28 February 2018 |
At 28 February 2017 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.18 | 28.2.17 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.18 | 28.2.17 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
Niall J.M. Miller (Holdings) Limited (Registered number: SC163238) |
Notes to the Financial Statements - continued |
for the Year Ended 28 February 2018 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
28.2.18 | 28.2.17 |
£ | £ |
Bank loans |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
28.2.18 | 28.2.17 |
£ | £ |
Bank loans |
The company has given a floating chare over the company's assets and undertakings and standard security over |
the premises at Forth Street and Cunningham Road in favour of the Clydesdale Bank in respect of the bank loans. |
10. | RELATED PARTY DISCLOSURES |
The company is controlled by Niall James Miller who is also a director of Carter Ceilings Limited. Transactions |
between Niall J.M. Miller (Holdings) Limited and Carter Ceilings Limited are as follows: |
Rent and management charges paid by Carter Ceilings Limited to Niall J.M. Miller (Holdings) Limited totalled |
£24,000 and £86,667 respectively. (2017 - £24,000 & £86,667). At 28th February 2018 there was a balance due |
to Carter Ceilings Limited of £405,225 (2017 - £446,544). The loan is interest free and repayable on demand. |
During the year Niall J.M. Miller (Holdings) Limited received dividends from Carter Ceilings Limited of |
£95,000 (2017 - £60,000). |