PHILIP J MILTON CONSTRUCTION AND MAINTENANCE LTD

Company Registration Number:
05061518 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

PHILIP J MILTON CONSTRUCTION AND MAINTENANCE LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

PHILIP J MILTON CONSTRUCTION AND MAINTENANCE LTD

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 335,570 335,570
Total fixed assets: 335,570 335,570
Current assets
Debtors:     1,375
Cash at bank and in hand: 15,482 13,279
Investments: 4 115,000
Total current assets: 130,482 14,654
Creditors: amounts falling due within one year:   (810) (2,052)
Net current assets (liabilities): 129,672 12,602
Total assets less current liabilities: 465,242 348,172
Creditors: amounts falling due after more than one year:   (378,755) (265,850)
Total net assets (liabilities): 86,487 82,322
Capital and reserves
Called up share capital: 50,000 50,000
Revaluation reserve:542,79842,798
Profit and loss account: (6,311) (10,476)
Shareholders funds: 86,487 82,322

The notes form part of these financial statements

PHILIP J MILTON CONSTRUCTION AND MAINTENANCE LTD

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 October 2023
and signed on behalf of the board by:

Name: Philip J Milton
Status: Director

The notes form part of these financial statements

PHILIP J MILTON CONSTRUCTION AND MAINTENANCE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PHILIP J MILTON CONSTRUCTION AND MAINTENANCE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

PHILIP J MILTON CONSTRUCTION AND MAINTENANCE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 335,570
At 31 March 2023 335,570
Net book value
At 31 March 2023 335,570
At 31 March 2022 335,570

PHILIP J MILTON CONSTRUCTION AND MAINTENANCE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Current investments

Prepaid Assets of £115,000 included in investments in respect of the purchase of land at Halsinger, Braunton. Payment was made on 13 March 2023, however exchange of contracts took place on 3 April 2023.

PHILIP J MILTON CONSTRUCTION AND MAINTENANCE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Revaluation reserve

2023
£
Balance at 01 April 2022 42,798
Surplus or deficit after revaluation 0
Balance at 31 March 2023 42,798

PHILIP J MILTON CONSTRUCTION AND MAINTENANCE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Related party transactions

Name of the related party:
Relationship:
Director
Description of the Transaction: The director Mr P J Milton has provided a loan to the company of £169,737 (2022 - £258,765). The Director's Loan has no fixed repayment terms. The company trades from premises owned by the directors. The directors consider that Mr P J Milton is the controlling party.
£
Balance at 01 April 2022 258,765
Balance at 31 March 2023 169,737