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REGISTERED NUMBER: 03372651 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

FOR

MILLENNIUM PROPERTY INVESTMENTS LIMITED

MILLENNIUM PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 03372651)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MILLENNIUM PROPERTY INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2023







DIRECTOR: B Lebor





SECRETARY:





REGISTERED OFFICE: 132 Anson Road
London
NW2 6AP





REGISTERED NUMBER: 03372651 (England and Wales)





ACCOUNTANTS: M S Alinek BA FCA
7 Upton Lodge Close
Bushey
Hertfordshire
WD23 1AG

MILLENNIUM PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 03372651)

BALANCE SHEET
5 APRIL 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1 1
Investments 5 98,002 98,002
Investment property 6 1,810,000 1,810,000
1,908,003 1,908,003

CURRENT ASSETS
Debtors 7 649,842 649,842
Cash at bank 3,823 7,659
653,665 657,501
CREDITORS
Amounts falling due within one year 8 (9,250 ) (6,151 )
NET CURRENT ASSETS 644,415 651,350
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,552,418

2,559,353

CREDITORS
Amounts falling due after more than one
year

9

(1,328,737

)

(1,325,468

)
NET ASSETS 1,223,681 1,233,885

CAPITAL AND RESERVES
Called up share capital 12,500 12,500
Revaluation reserve 10 1,450,000 1,450,000
Retained earnings (238,819 ) (228,615 )
SHAREHOLDERS' FUNDS 1,223,681 1,233,885

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MILLENNIUM PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 03372651)

BALANCE SHEET - continued
5 APRIL 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 November 2023 and were signed by:





B Lebor - Director


MILLENNIUM PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 03372651)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

1. STATUTORY INFORMATION

Millennium Property Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

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.

CONSOLIDATION
The company owns 95% of the shares of MPI Kft a property investment company incorporated in Hungary, which has an accounting reference date of 31st December. The directors consider that consolidation of the results of the subsidiary company would be misleading. As at 31st December 2022 the reserves of MPI Kft were £ 1,055,604 (2021 - £ 847,660) and its profit for the year ended on that date was £ 232,854 (2021 £164,043).

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

MILLENNIUM PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 03372651)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2022
and 5 April 2023 5,548
DEPRECIATION
At 6 April 2022
and 5 April 2023 5,547
NET BOOK VALUE
At 5 April 2023 1
At 5 April 2022 1

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 6 April 2022
and 5 April 2023 98,002
NET BOOK VALUE
At 5 April 2023 98,002
At 5 April 2022 98,002

6. INVESTMENT PROPERTY

Freehold investment properties are shown at directors valuations as at 5th April 2022. In the opinion of the directors no depreciation provision is necessary.

Cost or valuation at 5 April 2023 is represented by:
£   
Valuation in 2022 1,810,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 649,842 649,842

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1 1
Other creditors 9,249 6,150
9,250 6,151

MILLENNIUM PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 03372651)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 1,210,839 1,226,016
Other creditors 117,898 99,452
1,328,737 1,325,468

10. RESERVES
Revaluation
reserve
£   
At 6 April 2022
and 5 April 2023 1,450,000