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REGISTERED NUMBER: 11922250 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2023

FOR

MILLVALE HOUSE LTD

MILLVALE HOUSE LTD (REGISTERED NUMBER: 11922250)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MILLVALE HOUSE LTD

COMPANY INFORMATION
FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2023







DIRECTOR: M K E Van De Vijver





REGISTERED OFFICE: Millvale House
Selsley Hill
Dudbridge
Gloucestershire
GL5 3HF





REGISTERED NUMBER: 11922250 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

MILLVALE HOUSE LTD (REGISTERED NUMBER: 11922250)

BALANCE SHEET
31 DECEMBER 2023

2023 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 285,029 296,781

CURRENT ASSETS
Stocks 4,500 3,114
Debtors 5 179,961 148,973
Cash at bank 27,662 7,937
212,123 160,024
CREDITORS
Amounts falling due within one year 6 240,141 175,406
NET CURRENT LIABILITIES (28,018 ) (15,382 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

257,011

281,399

CREDITORS
Amounts falling due after more than one
year

7

207,563

233,935
NET ASSETS 49,448 47,464

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 49,348 47,364
49,448 47,464

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

MILLVALE HOUSE LTD (REGISTERED NUMBER: 11922250)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 April 2024 and were signed by:





M K E Van De Vijver - Director


MILLVALE HOUSE LTD (REGISTERED NUMBER: 11922250)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

Millvale House 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 (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern
The company has net current liabilities and is reliant on the support of the director. In the opinion of the director there is no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

MILLVALE HOUSE LTD (REGISTERED NUMBER: 11922250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 July 2023
and 31 December 2023 309,020
DEPRECIATION
At 1 July 2023 18,174
Charge for period 5,817
At 31 December 2023 23,991
NET BOOK VALUE
At 31 December 2023 285,029
At 30 June 2023 290,846

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
as restated
£    £   
Trade debtors 168,857 112,716
Other debtors - 5,374
VAT 10,540 29,434
Prepayments and accrued income 564 1,449
179,961 148,973

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
as restated
£    £   
Bank loans and overdrafts 24,152 10,588
Trade creditors 158,753 153,965
Amounts owed to associates 8,400 4,200
Corporation Tax 3,126 2,975
Other creditors 3,715 2,648
Accruals and deferred income 41,995 1,030
240,141 175,406

MILLVALE HOUSE LTD (REGISTERED NUMBER: 11922250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2023
as restated
£    £   
Bank loans - 1-2 years 24,152 10,588
Bank loans - 2-5 years 72,457 31,764
Bank loans 64,124 136,983
Amounts owed to associates 46,830 54,600
207,563 233,935

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 64,124 136,983

8. SECURED DEBTS

On 4 May 2020, Barclays Bank plc registered a fixed charge over the property Millvale House. The charge contains a negative pledge.