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REGISTERED NUMBER: SC163238 (Scotland)















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 4 508,000 508,000
Investment property 5 684,309 704,267
1,192,309 1,212,267

CURRENT ASSETS
Debtors 6 10,000 10,000
Cash at bank 11,778 13,095
21,778 23,095
CREDITORS
Amounts falling due within one year 7 (545,014 ) (565,892 )
NET CURRENT LIABILITIES (523,236 ) (542,797 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

669,073

669,470

CREDITORS
Amounts falling due after more than one
year

8

(22,465

)

(34,348

)
NET ASSETS 646,608 635,122

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 646,508 635,022
SHAREHOLDERS' FUNDS 646,608 635,122

Niall J.M. Miller (Holdings) Limited (Registered number: SC163238)

Balance Sheet - continued
28 February 2018


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 28 August 2018 and were signed on its behalf by:





Mr N J Miller - Director


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
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 1 (2017 - 1 ) .

4. INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2017
and 28 February 2018 508,000
NET BOOK VALUE
At 28 February 2018 508,000
At 28 February 2017 508,000

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2017
and 28 February 2018 997,889
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 684,309
At 28 February 2017 704,267

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Other debtors 10,000 10,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Bank loans and overdrafts 10,866 9,850
Trade creditors 68,000 50,000
Amounts owed to group undertakings 405,225 446,544
Taxation and social security 40,291 42,872
Other creditors 20,632 16,626
545,014 565,892

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 22,465 34,348

9. SECURED DEBTS

The following secured debts are included within creditors:

28.2.18 28.2.17
£    £   
Bank loans 33,331 44,198

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).