2023-02-012024-01-312024-01-31false00220583MILLWALL INGOT METALS LIMITED(THE)2024-08-09iso4217:GBPxbrli:pure002205832023-02-01002205832024-01-31002205832023-02-012024-01-31002205832022-02-01002205832023-01-31002205832022-02-012023-01-3100220583bus:SmallEntities2023-02-012024-01-3100220583bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3100220583bus:FullAccounts2023-02-012024-01-3100220583bus:PrivateLimitedCompanyLtd2023-02-012024-01-3100220583core:WithinOneYear2024-01-3100220583core:AfterOneYear2024-01-3100220583core:WithinOneYear2023-01-3100220583core:AfterOneYear2023-01-3100220583core:ShareCapital2024-01-3100220583core:SharePremium2024-01-3100220583core:RevaluationReserve2024-01-3100220583core:OtherReservesSubtotal2024-01-3100220583core:RetainedEarningsAccumulatedLosses2024-01-3100220583core:ShareCapital2023-01-3100220583core:SharePremium2023-01-3100220583core:RevaluationReserve2023-01-3100220583core:OtherReservesSubtotal2023-01-3100220583core:RetainedEarningsAccumulatedLosses2023-01-3100220583core:LandBuildings2024-01-3100220583core:PlantMachinery2024-01-3100220583core:Vehicles2024-01-3100220583core:FurnitureFittings2024-01-3100220583core:OfficeEquipment2024-01-3100220583core:NetGoodwill2024-01-3100220583core:IntangibleAssetsOtherThanGoodwill2024-01-3100220583core:ListedExchangeTraded2024-01-3100220583core:UnlistedNon-exchangeTraded2024-01-3100220583core:LandBuildings2023-01-3100220583core:PlantMachinery2023-01-3100220583core:Vehicles2023-01-3100220583core:FurnitureFittings2023-01-3100220583core:OfficeEquipment2023-01-3100220583core:NetGoodwill2023-01-3100220583core:IntangibleAssetsOtherThanGoodwill2023-01-3100220583core:ListedExchangeTraded2023-01-3100220583core:UnlistedNon-exchangeTraded2023-01-3100220583core:LandBuildings2023-02-012024-01-3100220583core:PlantMachinery2023-02-012024-01-3100220583core:Vehicles2023-02-012024-01-3100220583core:FurnitureFittings2023-02-012024-01-3100220583core:OfficeEquipment2023-02-012024-01-3100220583core:NetGoodwill2023-02-012024-01-3100220583core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3100220583core:ListedExchangeTraded2023-02-012024-01-3100220583core:UnlistedNon-exchangeTraded2023-02-012024-01-3100220583core:MoreThanFiveYears2023-02-012024-01-3100220583core:Non-currentFinancialInstruments2024-01-3100220583core:Non-currentFinancialInstruments2023-01-3100220583dpl:CostSales2023-02-012024-01-3100220583dpl:DistributionCosts2023-02-012024-01-3100220583core:LandBuildings2023-02-012024-01-3100220583core:PlantMachinery2023-02-012024-01-3100220583core:Vehicles2023-02-012024-01-3100220583core:FurnitureFittings2023-02-012024-01-3100220583core:OfficeEquipment2023-02-012024-01-3100220583dpl:AdministrativeExpenses2023-02-012024-01-3100220583core:NetGoodwill2023-02-012024-01-3100220583core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3100220583dpl:GroupUndertakings2023-02-012024-01-3100220583dpl:ParticipatingInterests2023-02-012024-01-3100220583dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3100220583core:ListedExchangeTraded2023-02-012024-01-3100220583dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3100220583core:UnlistedNon-exchangeTraded2023-02-012024-01-3100220583dpl:CostSales2022-02-012023-01-3100220583dpl:DistributionCosts2022-02-012023-01-3100220583core:LandBuildings2022-02-012023-01-3100220583core:PlantMachinery2022-02-012023-01-3100220583core:Vehicles2022-02-012023-01-3100220583core:FurnitureFittings2022-02-012023-01-3100220583core:OfficeEquipment2022-02-012023-01-3100220583dpl:AdministrativeExpenses2022-02-012023-01-3100220583core:NetGoodwill2022-02-012023-01-3100220583core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3100220583dpl:GroupUndertakings2022-02-012023-01-3100220583dpl:ParticipatingInterests2022-02-012023-01-3100220583dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3100220583core:ListedExchangeTraded2022-02-012023-01-3100220583dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3100220583core:UnlistedNon-exchangeTraded2022-02-012023-01-3100220583core:NetGoodwill2024-01-3100220583core:IntangibleAssetsOtherThanGoodwill2024-01-3100220583core:LandBuildings2024-01-3100220583core:PlantMachinery2024-01-3100220583core:Vehicles2024-01-3100220583core:FurnitureFittings2024-01-3100220583core:OfficeEquipment2024-01-3100220583core:AfterOneYear2024-01-3100220583core:WithinOneYear2024-01-3100220583core:ListedExchangeTraded2024-01-3100220583core:UnlistedNon-exchangeTraded2024-01-3100220583core:ShareCapital2024-01-3100220583core:SharePremium2024-01-3100220583core:RevaluationReserve2024-01-3100220583core:OtherReservesSubtotal2024-01-3100220583core:RetainedEarningsAccumulatedLosses2024-01-3100220583core:NetGoodwill2023-01-3100220583core:IntangibleAssetsOtherThanGoodwill2023-01-3100220583core:LandBuildings2023-01-3100220583core:PlantMachinery2023-01-3100220583core:Vehicles2023-01-3100220583core:FurnitureFittings2023-01-3100220583core:OfficeEquipment2023-01-3100220583core:AfterOneYear2023-01-3100220583core:WithinOneYear2023-01-3100220583core:Liste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MILLWALL INGOT METALS LIMITED(THE)

Registered Number
00220583
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

MILLWALL INGOT METALS LIMITED(THE)
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

CLARK, Beatrix Diane
CLARK, Michael Timothy

Registered Address

Grove House
2 Woodberry Grove
London
N12 0DR

Registered Number

00220583 (England and Wales)
MILLWALL INGOT METALS LIMITED(THE)
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3240,685240,685
Investments42,699,6122,236,158
2,940,2972,476,843
Current assets
Debtors513,89531,194
Cash at bank and on hand47,724414,213
61,619445,407
Creditors amounts falling due within one year6(309,134)(308,858)
Net current assets (liabilities)(247,515)136,549
Total assets less current liabilities2,692,7822,613,392
Net assets2,692,7822,613,392
Capital and reserves
Called up share capital1,7621,762
Other reserves671,254671,254
Profit and loss account2,019,7661,940,376
Shareholders' funds2,692,7822,613,392
The financial statements were approved and authorised for issue by the Board of Directors on 9 August 2024, and are signed on its behalf by:
CLARK, Beatrix Diane
Director
Registered Company No. 00220583
MILLWALL INGOT METALS LIMITED(THE)
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
The investment property is initially measured at its cost and subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 01 February 23657,838657,838
At 31 January 24657,838657,838
Depreciation and impairment
At 01 February 23417,153417,153
At 31 January 24417,153417,153
Net book value
At 31 January 24240,685240,685
At 31 January 23240,685240,685
4.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 February 232,236,1582,236,158
Additions474,287474,287
Revaluations95,53695,536
Disposals(106,369)(106,369)
At 31 January 242,699,6122,699,612
Net book value
At 31 January 242,699,6122,699,612
At 31 January 232,236,1582,236,158

Notes

1Other investments other than loans
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables43312,781
Other debtors3,8049,490
Prepayments and accrued income9,6588,923
Total13,89531,194
6.Creditors: amounts due within one year

2024

2023

££
Taxation and social security4,0003,812
Other creditors293,963293,963
Accrued liabilities and deferred income11,17111,083
Total309,134308,858
7.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
CLARK, Beatrix Diane12820130
12820130
The loan is repayable on demand and carries a fixed interest rate of 2%per annum. During the year interest in sum of £2 was paid by the directors.
8.Related party transactions
Unimetal Industries Limited - a related company by virtue of both companies being controlled by the director Beatrix Diane Clark At the balance sheet date, the company owed £293,963 (2023 - £293,963) to the related party. The loan is interest free with no fixed date for repayment. Loans due to the directors Included within accruals, £6,000 (2023- £6.,000) was owed to the director, Michael Timothy Clark. The loan was repaid to the director within 9 months after the year end.