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REGISTERED NUMBER: 13123477 (England and Wales)
























AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

MILVERTON HOMES LIMITED

MILVERTON HOMES LIMITED (REGISTERED NUMBER: 13123477)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MILVERTON HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: L J Barker
D W Barber
R E Moore
A K Riley





REGISTERED OFFICE: Riverside House
Milverton Hill
Leamington Spa
CV32 5HZ





REGISTERED NUMBER: 13123477 (England and Wales)





AUDITORS: TC Group
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ

MILVERTON HOMES LIMITED (REGISTERED NUMBER: 13123477)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 1

CURRENT ASSETS
Debtors 5 11,935 77,676
Cash at bank 598,601 83,000
610,536 160,676
CREDITORS
Amounts falling due within one year 6 288,061 145,253
NET CURRENT ASSETS 322,475 15,423
TOTAL ASSETS LESS CURRENT LIABILITIES 322,476 15,424

CAPITAL AND RESERVES
Called up share capital 877,831 277,676
Retained earnings (555,355 ) (262,252 )
322,476 15,424

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 15 November 2023 and were signed on its behalf by:





L J Barker - Director


MILVERTON HOMES LIMITED (REGISTERED NUMBER: 13123477)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Milverton Homes 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.

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.

Investment in joint venture
The company has adopted the cost model of accounting for joint ventures in line with FRS 102 para 15.9. Investments in Joint ventures are measured at cost, less any accumulated impairment losses.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 April 2022
and 31 March 2023 1
NET BOOK VALUE
At 31 March 2023 1
At 31 March 2022 1

MILVERTON HOMES LIMITED (REGISTERED NUMBER: 13123477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. FIXED ASSET INVESTMENTS - continued

The Interest in Joint Venture relates to the company's interest in Crewe Lane Kenilworth JV LLP.

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 11,935 -

Amounts falling due after more than one year:
Amounts owed by participating interests - 77,676

Aggregate amounts 11,935 77,676

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 288,061 145,253

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Buckby FCA (Senior Statutory Auditor)
for and on behalf of TC Group

8. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements 887,938 -

9. RELATED PARTY DISCLOSURES

Milverton Homes Limited is a wholly owned subsidiary of Warwick District Council. During the year Warwick District Council provided services to Milverton Homes Limited amounting to £180,958 (2022: £106,391). As at 31 March 2023 Milverton Homes Limited owed Warwick District Council £272,348 (2022: £106,391). Included in debtors is an amount of £Nil (2022: £77,676) owed to Milverton Homes Limited by Warwick District Council relating to an issue of share capital.

10. ULTIMATE CONTROLLING PARTY

The immediate parent company and ultimate controlling party of Milverton Homes Limited is its sole shareholder, Warwick District Council.