IRIS Accounts Production v24.1.9.2 12258888 director 1.11.22 31.10.23 31.10.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh122588882022-10-31122588882023-10-31122588882022-11-012023-10-31122588882021-10-31122588882021-11-012022-10-31122588882022-10-3112258888ns15:EnglandWales2022-11-012023-10-3112258888ns14:PoundSterling2022-11-012023-10-3112258888ns10:Director12022-11-012023-10-3112258888ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3112258888ns10:SmallEntities2022-11-012023-10-3112258888ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3112258888ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3112258888ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3112258888ns10:FullAccounts2022-11-012023-10-3112258888ns10:EntityHasNeverTraded2022-11-012023-10-3112258888ns10:RegisteredOffice2022-11-012023-10-3112258888ns5:CurrentFinancialInstruments2023-10-3112258888ns5:CurrentFinancialInstruments2022-10-3112258888ns5:Non-currentFinancialInstruments2023-10-3112258888ns5:Non-currentFinancialInstruments2022-10-3112258888ns5:ShareCapital2023-10-3112258888ns5:ShareCapital2022-10-3112258888ns5:RetainedEarningsAccumulatedLosses2023-10-3112258888ns5:RetainedEarningsAccumulatedLosses2022-10-3112258888ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3112258888ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3112258888ns5:CurrentFinancialInstruments2022-11-012023-10-31
REGISTERED NUMBER: 12258888 (England and Wales)















Millars Pace Limited

Unaudited Financial Statements

for the Year Ended 31 October 2023






Millars Pace Limited (Registered number: 12258888)






Contents of the Financial Statements
for the year ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Millars Pace Limited

Company Information
for the year ended 31 October 2023







DIRECTOR: JS Taylor





REGISTERED OFFICE: 9 Allerton Road
Southport
PR9 9NJ





REGISTERED NUMBER: 12258888 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Millars Pace Limited (Registered number: 12258888)

Balance Sheet
31 October 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment property 4 201,903 -

CURRENT ASSETS
Debtors 5 - 100
Cash at bank 318 -
318 100
CREDITORS
Amounts falling due within one year 6 54,622 -
NET CURRENT (LIABILITIES)/ASSETS (54,304 ) 100
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,599

100

CREDITORS
Amounts falling due after more than one
year

7

148,225

-
NET (LIABILITIES)/ASSETS (626 ) 100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (726 ) -
SHAREHOLDERS' FUNDS (626 ) 100

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

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

Millars Pace Limited (Registered number: 12258888)

Balance Sheet - continued
31 October 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 29 July 2024 and were signed by:





JS Taylor - Director


Millars Pace Limited (Registered number: 12258888)

Notes to the Financial Statements
for the year ended 31 October 2023

1. STATUTORY INFORMATION

Millars Pace 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.

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


The company was dormant throughout the current period.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
Going Concern
The financial statements have been prepared on the going concern basis as the director has indicated his willingness to continue to support the company for the foreseeable future.

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

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.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

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.

Millars Pace Limited (Registered number: 12258888)

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

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
Additions 201,903
At 31 October 2023 201,903
NET BOOK VALUE
At 31 October 2023 201,903

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors - 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other creditors 54,622 -

Included in creditors is a directors' loan account of £9,613. The loan is unsecured, interest free and has no fixed repayment terms.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans 148,225 -

8. RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by JS Taylor