2022-08-012023-07-312023-07-31false04841753MILLARD HOMES LTD2023-11-1368209iso4217:GBPxbrli:pure048417532022-08-01048417532023-07-31048417532022-08-012023-07-31048417532021-08-01048417532022-07-31048417532021-08-012022-07-3104841753bus:SmallEntities2022-08-012023-07-3104841753bus:AuditExempt-NoAccountantsReport2022-08-012023-07-3104841753bus:FullAccounts2022-08-012023-07-3104841753bus:PrivateLimitedCompanyLtd2022-08-012023-07-3104841753core:WithinOneYear2023-07-3104841753core:AfterOneYear2023-07-3104841753core:WithinOneYear2022-07-3104841753core:AfterOneYear2022-07-3104841753core:ShareCapital2023-07-3104841753core:SharePremium2023-07-3104841753core:RevaluationReserve2023-07-3104841753core:OtherReservesSubtotal2023-07-3104841753core:RetainedEarningsAccumulatedLosses2023-07-3104841753core:ShareCapital2022-07-3104841753core:SharePremium2022-07-3104841753core:RevaluationReserve2022-07-3104841753core:OtherReservesSubtotal2022-07-3104841753core:RetainedEarningsAccumulatedLosses2022-07-3104841753core:LandBuildings2023-07-3104841753core:PlantMachinery2023-07-3104841753core:Vehicles2023-07-3104841753core:FurnitureFittings2023-07-3104841753core:OfficeEquipment2023-07-3104841753core:NetGoodwill2023-07-3104841753core:IntangibleAssetsOtherThanGoodwill2023-07-3104841753core:ListedExchangeTraded2023-07-3104841753core:UnlistedNon-exchangeTraded2023-07-3104841753core:LandBuildings2022-07-3104841753core:PlantMachinery2022-07-3104841753core:Vehicles2022-07-3104841753core:FurnitureFittings2022-07-3104841753core:OfficeEquipment2022-07-3104841753core:NetGoodwill2022-07-3104841753core:IntangibleAssetsOtherThanGoodwill2022-07-3104841753core:ListedExchangeTraded2022-07-3104841753core:UnlistedNon-exchangeTraded2022-07-3104841753core:LandBuildings2022-08-012023-07-3104841753core:PlantMachinery2022-08-012023-07-3104841753core:Vehicles2022-08-012023-07-3104841753core:FurnitureFittings2022-08-012023-07-3104841753core:OfficeEquipment2022-08-012023-07-3104841753core:NetGoodwill2022-08-012023-07-3104841753core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3104841753core:ListedExchangeTraded2022-08-012023-07-3104841753core:UnlistedNon-exchangeTraded2022-08-012023-07-3104841753core:MoreThanFiveYears2022-08-012023-07-3104841753core:Non-currentFinancialInstruments2023-07-3104841753core:Non-currentFinancialInstruments2022-07-3104841753dpl:CostSales2022-08-012023-07-3104841753dpl:DistributionCosts2022-08-012023-07-3104841753core:LandBuildings2022-08-012023-07-3104841753core:PlantMachinery2022-08-012023-07-3104841753core:Vehicles2022-08-012023-07-3104841753core:FurnitureFittings2022-08-012023-07-3104841753core:OfficeEquipment2022-08-012023-07-3104841753dpl:AdministrativeExpenses2022-08-012023-07-3104841753core:NetGoodwill2022-08-012023-07-3104841753core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3104841753dpl:GroupUndertakings2022-08-012023-07-3104841753dpl:ParticipatingInterests2022-08-012023-07-3104841753dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-012023-07-3104841753core:ListedExchangeTraded2022-08-012023-07-3104841753dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-012023-07-3104841753core:UnlistedNon-exchangeTraded2022-08-012023-07-3104841753dpl:CostSales2021-08-012022-07-3104841753dpl:DistributionCosts2021-08-012022-07-3104841753core:LandBuildings2021-08-012022-07-3104841753core:PlantMachinery2021-08-012022-07-3104841753core:Vehicles2021-08-012022-07-3104841753core:FurnitureFittings2021-08-012022-07-3104841753core:OfficeEquipment2021-08-012022-07-3104841753dpl:AdministrativeExpenses2021-08-012022-07-3104841753core:NetGoodwill2021-08-012022-07-3104841753core:IntangibleAssetsOtherThanGoodwill2021-08-012022-07-3104841753dpl:GroupUndertakings2021-08-012022-07-3104841753dpl:ParticipatingInterests2021-08-012022-07-3104841753dpl:GroupUndertakingscore:ListedExchangeTraded2021-08-012022-07-3104841753core:ListedExchangeTraded2021-08-012022-07-3104841753dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-08-012022-07-3104841753core:UnlistedNon-exchangeTraded2021-08-012022-07-3104841753core:NetGoodwill2023-07-3104841753core:IntangibleAssetsOtherThanGoodwill2023-07-3104841753core:LandBuildings2023-07-3104841753core:PlantMachinery2023-07-3104841753core:Vehicles2023-07-3104841753core:FurnitureFittings2023-07-3104841753core:OfficeEquipment2023-07-3104841753core:AfterOneYear2023-07-3104841753core:WithinOneYear2023-07-3104841753core:ListedExchangeTraded2023-07-3104841753core:UnlistedNon-exchangeTraded2023-07-3104841753core:ShareCapital2023-07-3104841753core:SharePremium2023-07-3104841753core:RevaluationReserve2023-07-3104841753core:OtherReservesSubtotal2023-07-3104841753core:RetainedEarningsAccumulatedLosses2023-07-3104841753core:NetGoodwill2022-07-3104841753core:IntangibleAssetsOtherThanGoodwill2022-07-3104841753core:LandBuildings2022-07-3104841753core:PlantMachinery2022-07-3104841753core:Vehicles2022-07-3104841753core:FurnitureFittings2022-07-3104841753core:OfficeEquipment2022-07-3104841753core:AfterOneYear2022-07-3104841753core:WithinOneYear2022-07-3104841753core:ListedExchangeTraded2022-07-3104841753core:UnlistedNon-exchangeTraded2022-07-3104841753core:ShareCapital2022-07-3104841753core:SharePremium2022-07-3104841753core:RevaluationReserve2022-07-3104841753core:OtherReservesSubtotal2022-07-3104841753core:RetainedEarningsAccumulatedLosses2022-07-3104841753core:NetGoodwill2021-08-0104841753core:IntangibleAssetsOtherThanGoodwill2021-08-0104841753core:LandBuildings2021-08-0104841753core:PlantMachinery2021-08-0104841753core:Vehicles2021-08-0104841753core:FurnitureFittings2021-08-0104841753core:OfficeEquipment2021-08-0104841753core:AfterOneYear2021-08-0104841753core:WithinOneYear2021-08-0104841753core:ListedExchangeTraded2021-08-0104841753core:UnlistedNon-exchangeTraded2021-08-0104841753core:ShareCapital2021-08-0104841753core:SharePremium2021-08-0104841753core:RevaluationReserve2021-08-0104841753core:OtherReservesSubtotal2021-08-0104841753core:RetainedEarningsAccumulatedLosses2021-08-0104841753core:AfterOneYear2022-08-012023-07-3104841753core:WithinOneYear2022-08-012023-07-3104841753core:Non-currentFinancialInstrumentscore:CostValuation2022-08-012023-07-3104841753core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-08-012023-07-3104841753core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-08-012023-07-3104841753core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-08-012023-07-3104841753core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-08-012023-07-3104841753core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-08-012023-07-3104841753core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-08-012023-07-3104841753core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-08-012023-07-3104841753core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-08-012023-07-3104841753core:Non-currentFinancialInstrumentscore:CostValuation2023-07-3104841753core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-3104841753core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-3104841753core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-3104841753core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-3104841753core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-3104841753core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-3104841753core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-3104841753core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-3104841753core:Non-currentFinancialInstrumentscore:CostValuation2022-07-3104841753core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-07-3104841753core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-07-3104841753core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-07-3104841753core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-07-3104841753core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-07-3104841753core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-07-3104841753core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-07-3104841753core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-07-3104841753bus:Director12022-08-012023-07-3104841753bus:Director22022-08-012023-07-31

MILLARD HOMES LTD

Registered Number
04841753
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2023

MILLARD HOMES LTD
Company Information
for the year from 1 August 2022 to 31 July 2023

Directors

HINDMOOR, Margaret Milligan
HINDMOOR, Matthew Richard

Registered Address

2 Hobson Court
Penrith 40 Business Park
Penrith
CA11 9GQ

Registered Number

04841753 (England and Wales)
MILLARD HOMES LTD
Statement of Financial Position
31 July 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investment property5320,000320,000
320,000320,000
Current assets
Cash at bank and on hand51,83340,196
51,83340,196
Creditors amounts falling due within one year7(199,700)(199,502)
Net current assets (liabilities)(147,867)(159,306)
Total assets less current liabilities172,133160,694
Provisions for liabilities8(15,990)(15,990)
Net assets156,143144,704
Capital and reserves
Called up share capital100100
Revaluation reserve71,96771,967
Profit and loss account84,07672,637
Shareholders' funds156,143144,704
The financial statements were approved and authorised for issue by the Board of Directors on 13 November 2023, and are signed on its behalf by:
HINDMOOR, Matthew Richard
Director
Registered Company No. 04841753
MILLARD HOMES LTD
Notes to the Financial Statements
for the year ended 31 July 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Basis of measurement used in financial statements
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
3.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property policy
Investment property is carried at fair value determined annually by external values and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Valuation of financial instruments policy
The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
4.Employee information

20232022
Average number of employees during the year22
5.Investment property
On 31 July 2023 the Directors valued the Investment properties an open market value for existing use basis. It is the opinion of the directors that this valuation has not materiality altered at the period end date. Had the Investment properties been measured at historical cost the amounts would have been Cost £235,843 The 2023 valuations were made by the directors, on an open market value for existing use basis.

£
Fair value at 01 August 22320,000
At 31 July 23320,000
6.Description of nature of transactions and balances with related parties
During the year the directors had a loan account with the company. At the balance sheet date the company owed the directors £195,644 (2022 £195,794), This loan is unsecured, interest free and repayable upon demand.
7.Creditors within one year

2023

2022

££
Taxation and social security2,7062,586
Other creditors195,644195,794
Accrued liabilities and deferred income1,3501,122
Total199,700199,502
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)15,99015,990
Total15,99015,990