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REGISTERED NUMBER: 11611543 (England and Wales)












FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2022 TO 31 MAY 2023

FOR

JH MILLBROOK LIMITED

JH MILLBROOK LIMITED (REGISTERED NUMBER: 11611543)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 April 2022 to 31 May 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


JH MILLBROOK LIMITED

COMPANY INFORMATION
for the period 1 April 2022 to 31 May 2023







DIRECTORS: Mr J V T Rajah
Mr P Dipino



REGISTERED OFFICE: Unit 8 Waterloo Court
10 Theed Street
London
SE1 8ST



REGISTERED NUMBER: 11611543 (England and Wales)



SENIOR STATUTORY AUDITOR: Thurairatnam Sudarshan FCCA



AUDITORS: Raffingers LLP, Statutory Auditor
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

JH MILLBROOK LIMITED (REGISTERED NUMBER: 11611543)

ABRIDGED BALANCE SHEET
31 May 2023

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

CURRENT ASSETS
Debtors 4,812,857 5,113,786
Cash at bank 1,540 121
4,814,397 5,113,907
CREDITORS
Amounts falling due within one year 1,697,446 1,833,377
NET CURRENT ASSETS 3,116,951 3,280,530
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,116,952

3,280,531

CAPITAL AND RESERVES
Called up share capital 101 101
Share premium 15,842,835 15,842,835
Retained earnings (12,725,984 ) (12,562,405 )
3,116,952 3,280,531

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 August 2024 and were signed on its behalf by:





Mr J V T Rajah - Director


JH MILLBROOK LIMITED (REGISTERED NUMBER: 11611543)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 April 2022 to 31 May 2023

1. STATUTORY INFORMATION

JH Millbrook 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 (£).


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.

Critical accounting judgements and key sources of estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The items in the financial statements where these judgements and estimates have been made include:
- assessing the recoverability of the intercompany balances.
- assessing any impairment in fixed asset investments.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any impairment.

Financial instruments
Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities, including trade and other payables, bank loans and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
Taxation for the period 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.


JH MILLBROOK LIMITED (REGISTERED NUMBER: 11611543)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 April 2022 to 31 May 2023

2. ACCOUNTING POLICIES - continued
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 period 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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2022
and 31 May 2023 1
NET BOOK VALUE
At 31 May 2023 1
At 31 March 2022 1

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

The Report of the Auditors was unqualified.

Thurairatnam Sudarshan FCCA (Senior Statutory Auditor)
for and on behalf of Raffingers LLP, Statutory Auditor

6. CONTINGENT LIABILITIES

The company had no capital commitments at 31 May 2023 or 31 May 2022.

7. CAPITAL COMMITMENTS

The company had no capital commitments for the period ended 31 May 2023 or 31 May 2022.

JH MILLBROOK LIMITED (REGISTERED NUMBER: 11611543)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 April 2022 to 31 May 2023

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in other creditors are loans received from 5M Park Limited amounting to £130 (2022: £130) to fund overruns.

During the current period, the company entered into transactions with Avani Construction Limited, a company connected by virtue of common control, for a receivable amount of £896,449 (2022: £852,920) and Joseph Homes Limited, the ultimate parent, for a payable amount of £1,009,804 (2022: £1,024,582)

9. AUDITOR LIABILITY LIMITATION AGREEMENT

The company has entered into a liability limitation agreement with Raffingers, the statutory auditor, in respect of the statutory audit for the period ended 31 May 2023. The proportionate liability agreement follows the standard terms in appendix B to the Financial Reporting Councils' June 2008 Guidance on Auditor Liability Agreements and as approved by the members on 2 October 2023.