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REGISTERED NUMBER: 00800156 (England and Wales)















Edwin Millen Estates Ltd

Unaudited Financial Statements

for the Year Ended 31st August 2023






Edwin Millen Estates Ltd (Registered number: 00800156)






Contents of the Financial Statements
for the year ended 31st August 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Edwin Millen Estates Ltd

Company Information
for the year ended 31st August 2023







DIRECTORS: H H Millen
Mrs T Farahi-Millen





REGISTERED OFFICE: 3 Erskin Wood
Spratton
Northamptonshire
NN6 8JP





REGISTERED NUMBER: 00800156 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Edwin Millen Estates Ltd (Registered number: 00800156)

Balance Sheet
31st August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 1,000 1,000
Tangible assets 6 4,929 16,398
Investment property 7 1,132,678 1,132,678
1,138,607 1,150,076

CURRENT ASSETS
Debtors 8 168,300 170,400
Investments 9 4,939 4,939
Prepayments and accrued income 1,483 1,517
Cash at bank 137,324 6,170
312,046 183,026
CREDITORS
Amounts falling due within one year 10 158,782 11,457
NET CURRENT ASSETS 153,264 171,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,291,871

1,321,645

CREDITORS
Amounts falling due after more than one year 11 184,050 184,050
NET ASSETS 1,107,821 1,137,595

CAPITAL AND RESERVES
Called up share capital 14 200,000 200,000
Revaluation reserve 15 241,587 241,587
Retained earnings 666,234 696,008
SHAREHOLDERS' FUNDS 1,107,821 1,137,595

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Edwin Millen Estates Ltd (Registered number: 00800156)

Balance Sheet - continued
31st August 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 Board of Directors and authorised for issue on 13th February 2024 and were signed on its behalf by:





H H Millen - Director


Edwin Millen Estates Ltd (Registered number: 00800156)

Notes to the Financial Statements
for the year ended 31st August 2023

1. STATUTORY INFORMATION

Edwin Millen Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company in the year under review was that of property rental.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

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

Intangible assets
The intangible asset held is a bitcoin, which is an intangible digital token.
There is no accumulated amortisation and no accumulated impairment as this cryptocurrency is hoped to be sold in the short term for a small gain.

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 reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

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.


Edwin Millen Estates Ltd (Registered number: 00800156)

Notes to the Financial Statements - continued
for the year ended 31st August 2023

3. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st September 2022
and 31st August 2023 1,000
NET BOOK VALUE
At 31st August 2023 1,000
At 31st August 2022 1,000

6. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st September 2022 20,102 34,310 10,425 64,837
Additions - - 704 704
Disposals - (34,310 ) - (34,310 )
At 31st August 2023 20,102 - 11,129 31,231
DEPRECIATION
At 1st September 2022 14,529 24,289 9,621 48,439
Charge for year 1,113 2,505 1,039 4,657
Eliminated on disposal - (26,794 ) - (26,794 )
At 31st August 2023 15,642 - 10,660 26,302
NET BOOK VALUE
At 31st August 2023 4,460 - 469 4,929
At 31st August 2022 5,573 10,021 804 16,398

Edwin Millen Estates Ltd (Registered number: 00800156)

Notes to the Financial Statements - continued
for the year ended 31st August 2023

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st September 2022
and 31st August 2023 1,132,678
NET BOOK VALUE
At 31st August 2023 1,132,678
At 31st August 2022 1,132,678

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 168,300 170,400

9. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Gold 4,939 4,939

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 158,782 11,457

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 184,050 184,050

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 184,050 184,050

12. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Other loans more 5yrs non-inst 184,050 184,050

Edwin Millen Estates Ltd (Registered number: 00800156)

Notes to the Financial Statements - continued
for the year ended 31st August 2023

13. DEFERRED TAX
£   
Balance at 1st September 2022 (8,700 )
Charge to Income Statement during year 2,100
Balance at 31st August 2023 (6,600 )

14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200,000 Ordinary 1 200,000 200,000

15. RESERVES
Revaluation
reserve
£   
At 1st September 2022
and 31st August 2023 241,587

16. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st August 2023 or at 31st August 2022.

17. CAPITAL COMMITMENTS

There were no capital commitments as at 31st August 2023 or at 31st August 2022.