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REGISTERED NUMBER: 03312414 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

MILLBURN PROPERTIES LTD

MILLBURN PROPERTIES LTD (REGISTERED NUMBER: 03312414)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MILLBURN PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Mr G M Iandolo





REGISTERED OFFICE: 11 -17 Upper Stone Street
Maidstone
Kent
ME15 6EU





REGISTERED NUMBER: 03312414 (England and Wales)





ACCOUNTANTS: George & Co.
Chartered Accountants
44a Joy Lane
Whitstable
Kent
CT5 4LT

MILLBURN PROPERTIES LTD (REGISTERED NUMBER: 03312414)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 583,518 583,518

CURRENT ASSETS
Debtors 5 4,591 157,284
Cash at bank 1,536 -
6,127 157,284
CREDITORS
Amounts falling due within one year 6 8,355 51,602
NET CURRENT (LIABILITIES)/ASSETS (2,228 ) 105,682
TOTAL ASSETS LESS CURRENT
LIABILITIES

581,290

689,200

CREDITORS
Amounts falling due after more than one
year

7

-

143,000
NET ASSETS 581,290 546,200

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 10 10
Retained earnings 581,180 546,090
SHAREHOLDERS' FUNDS 581,290 546,200

MILLBURN PROPERTIES LTD (REGISTERED NUMBER: 03312414)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

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 11 April 2024 and were signed by:





Mr G M Iandolo - Director


MILLBURN PROPERTIES LTD (REGISTERED NUMBER: 03312414)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Millburn Properties 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.

Revenue
Revenue represents the rental income receivable for the year. The company is not registered for value added tax.

Investment property
The investment properties are shown at their historical cost. Depreciation is only provided to the extent that the property values are considered to have fallen below cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 583,518
NET BOOK VALUE
At 29 February 2024 583,518
At 28 February 2023 583,518

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Amounts owed by associates 4,591 157,284

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts - 28,001
Trade creditors 124 -
Taxation and social security 8,231 23,601
8,355 51,602

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans - 143,000

MILLBURN PROPERTIES LTD (REGISTERED NUMBER: 03312414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
29.2.24 28.2.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans - more than 5 years - 112,000

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
Mr G M Iandolo
Balance outstanding at start of year - 401,665
Amounts repaid - (401,665 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G M Iandolo.