Millifour Properties Limited 12120516 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is property investment Digita Accounts Production Advanced 6.30.9574.0 true true 12120516 2022-08-01 2023-07-31 12120516 2023-07-31 12120516 core:CurrentFinancialInstruments 2023-07-31 12120516 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 12120516 bus:SmallEntities 2022-08-01 2023-07-31 12120516 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 12120516 bus:AbridgedAccounts 2022-08-01 2023-07-31 12120516 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12120516 bus:RegisteredOffice 2022-08-01 2023-07-31 12120516 bus:Director1 2022-08-01 2023-07-31 12120516 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12120516 bus:Agent1 2022-08-01 2023-07-31 12120516 countries:EnglandWales 2022-08-01 2023-07-31 12120516 2021-08-01 2022-07-31 12120516 2022-07-31 12120516 core:CurrentFinancialInstruments 2022-07-31 12120516 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 12120516

Millifour Properties Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 July 2023

 

Millifour Properties Limited

Contents

Company Information

1

Accountants' Report

2

Abridged Balance Sheet

3

Notes to the Unaudited Abridged Financial Statements

4 to 5

 

Millifour Properties Limited

Company Information

Director

 

Miss D A Talabi

Registered office



 

Flat 63, Cooperative House
257 Rye Lane
London
SE15 4UR

Accountants

SDT Accounting and Taxation Services Ltd
Chartered Certified Accountant
26 Beechwood Avenue
Chatham
Kent
ME5 7HH

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Millifour Properties Limited
for the Year Ended 31 July 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Millifour Properties Limited for the year ended 31 July 2023 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Millifour Properties Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Millifour Properties Limited and state those matters that we have agreed to state to the Board of Directors of Millifour Properties Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Millifour Properties Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Millifour Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Millifour Properties Limited. You consider that Millifour Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Millifour Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






SDT Accounting and Taxation Services Ltd
Chartered Certified Accountant
26 Beechwood Avenue
Chatham
Kent
ME5 7HH

7 September 2023

 

Millifour Properties Limited

(Registration number: 12120516)
Abridged Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Current assets

 

Debtors

48,629

48,209

Cash at bank and in hand

 

1,187

4,041

 

49,816

52,250

Creditors: Amounts falling due within one year

(50,125)

(52,475)

Net liabilities

 

(309)

(225)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(310)

(226)

Shareholders' deficit

 

(309)

(225)

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 8 September 2023
 

Miss D A Talabi
Director

 

Millifour Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Flat 63, Cooperative House
257 Rye Lane
London
SE15 4UR
England

These financial statements were authorised for issue by the director on 8 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Millifour Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).


 

4

Related party transactions

Included in other creditors' there is a director's loan account balance of £52,475 (2021: £50,725).