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REGISTERED NUMBER: 09634269 (England and Wales)

















Unaudited Financial Statements

For The Year Ended 30 June 2023

for

Mills Martin Consultancy Ltd

Mills Martin Consultancy Ltd (Registered number: 09634269)

Contents of the Financial Statements
For The Year Ended 30 June 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Mills Martin Consultancy Ltd

Company Information
For The Year Ended 30 June 2023







DIRECTOR: Mrs N Martin





REGISTERED OFFICE: Albury Lodge
Warren Drive
Kingswood
Surrey
KT20 6PZ





REGISTERED NUMBER: 09634269 (England and Wales)





ACCOUNTANTS: Giess Wallis Crisp LLP
10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET

Mills Martin Consultancy Ltd (Registered number: 09634269)

Statement of Financial Position
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,672 13,340
Investment property 5 700,000 630,000
710,672 643,340

CURRENT ASSETS
Cash at bank 3,541 6,531

CREDITORS
Amounts falling due within one year 6 414,100 403,694
NET CURRENT LIABILITIES (410,559 ) (397,163 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

300,113

246,177

PROVISIONS FOR LIABILITIES 7 73,493 43,549
NET ASSETS 226,620 202,628

CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair value reserve 9 214,400 174,852
Retained earnings 9 12,218 27,774
SHAREHOLDERS' FUNDS 226,620 202,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 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 25 January 2024 and were signed by:





Mrs N Martin - Director


Mills Martin Consultancy Ltd (Registered number: 09634269)

Notes to the Financial Statements
For The Year Ended 30 June 2023


1. STATUTORY INFORMATION

Mills Martin Consultancy Ltd 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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities

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.
Fixtures and fittings - 20% on 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.

Financial instruments
The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.


Mills Martin Consultancy Ltd (Registered number: 09634269)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2023


2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Government grants
Grants relating to revenue shall be recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2022
and 30 June 2023 47,222
DEPRECIATION
At 1 July 2022 33,882
Charge for year 2,668
At 30 June 2023 36,550
NET BOOK VALUE
At 30 June 2023 10,672
At 30 June 2022 13,340

Mills Martin Consultancy Ltd (Registered number: 09634269)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 630,000
Revaluations 70,000
At 30 June 2023 700,000
NET BOOK VALUE
At 30 June 2023 700,000
At 30 June 2022 630,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2019 60,866
Valuation in 2022 155,000
Valuation in 2023 70,000
Cost 414,134
700,000

If property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 414,134 414,134

Property was valued on an open market basis on 30 June 2023 by the directors .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security (210 ) 4,022
Other creditors 414,310 399,672
414,100 403,694

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 73,493 43,549

Deferred
tax
£   
Balance at 1 July 2022 43,549
Provided during year 29,944
Balance at 30 June 2023 73,493

Mills Martin Consultancy Ltd (Registered number: 09634269)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
2 2

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 July 2022 27,774 174,852 202,626
Profit for the year 36,492 36,492
Dividends (12,500 ) (12,500 )
Fair value uplift (70,000 ) 70,000 -
Tax on fair value uplift 30,452 (30,452 ) -
At 30 June 2023 12,218 214,400 226,618