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REGISTERED NUMBER: 00765621 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

E.B.Mills Property Co.Limited

E.B.Mills Property Co.Limited (Registered number: 00765621)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E.B.Mills Property Co.Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs A Mills
Mrs S C Archer
C A Mills





SECRETARY: Mrs A Mills





REGISTERED OFFICE: Swan House
9 Queens Road
Brentwood
Essex
CM14 4HE





REGISTERED NUMBER: 00765621 (England and Wales)





ACCOUNTANTS: Tiffin Green
Swan House
9 Queens Road
Brentwood
Essex
CM14 4HE

E.B.Mills Property Co.Limited (Registered number: 00765621)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63 74
Investment property 5 550,000 550,000
550,063 550,074

CURRENT ASSETS
Debtors 6 - 3,233
Cash at bank 281,374 295,784
281,374 299,017
CREDITORS
Amounts falling due within one year 7 16,989 21,128
NET CURRENT ASSETS 264,385 277,889
TOTAL ASSETS LESS CURRENT
LIABILITIES

814,448

827,963

PROVISIONS FOR LIABILITIES 98,514 40,001
NET ASSETS 715,934 787,962

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 715,834 787,862
SHAREHOLDERS' FUNDS 715,934 787,962

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

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

E.B.Mills Property Co.Limited (Registered number: 00765621)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 22 December 2023 and were signed on its behalf by:





Mrs S C Archer - Director


E.B.Mills Property Co.Limited (Registered number: 00765621)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

E.B.Mills Property Co.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
The financial statements have been prepared on a historical cost basis, as modified by the revaluation of investment properties measured at fair value through the profit and loss account.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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

Turnover represents rental income receivable by the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

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 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.

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.

3. EMPLOYEES AND DIRECTORS

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

E.B.Mills Property Co.Limited (Registered number: 00765621)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 1,199
DEPRECIATION
At 1 April 2022 1,125
Charge for year 11
At 31 March 2023 1,136
NET BOOK VALUE
At 31 March 2023 63
At 31 March 2022 74

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 550,000
NET BOOK VALUE
At 31 March 2023 550,000
At 31 March 2022 550,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2001 240,000
Valuation in 2006 1,498
Valuation in 2019 308,502
550,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 17,498 17,498

Investment properties were valued on an open market basis on 31 March 2019 by the directors .

E.B.Mills Property Co.Limited (Registered number: 00765621)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 3,125
Other debtors - 108
- 3,233

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 6,436 6,821
Other creditors 10,553 14,307
16,989 21,128

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs A Mills.

The ultimate controlling party is Mrs A Mills.