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Registered Number: 12040531
England and Wales

 

 

 

AR MILL STREET LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 10 December 2022

End date: 09 December 2023
Director Leon Edwards
Registered Number 12040531
Registered Office 4 Princewood Road
Corby
NN17 4AP
Accountants aa Chartered Accountants
Fenlake House,
Fenlake Business Centre,
Fengate,
Peterborough,
PE1 5BQ
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 09 December 2023
Principal activities
The company's principal activity during the year was the renting of own or leasehold property.
Director
The director who served the company throughout the year was as follows:
Leon Edwards
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Leon Edwards
Director

Date approved: 27 August 2024
2
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of AR Mill Street Ltd for the year ended 09 December 2023.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AR Mill Street Ltd for the year ended 09 December 2023, which comprise of the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of AR Mill Street Ltd, as a body, in accordance with the terms of our engagement letter dated 27 February 2024. Our work has been undertaken solely to prepare for your approval the accounts of AR Mill Street Ltd and state those matters that we have agreed to state to the Board of Directors of AR Mill Street Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AR Mill Street Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that AR Mill Street Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of AR Mill Street Ltd . You consider that AR Mill Street Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of AR Mill Street Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 09 December 2023



....................................................
aa Chartered Accountants
Fenlake House,
Fenlake Business Centre,
Fengate,
Peterborough,
PE1 5BQ
27 August 2024
3
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 809,364    578,707 
809,364    578,707 
Current assets      
Debtors 4 6,690    920 
Cash at bank and in hand 9,961    35,048 
16,651    35,968 
Creditors: amount falling due within one year 5 (743,360)   (539,769)
Net current assets (726,709)   (503,801)
 
Total assets less current liabilities 82,655    74,906 
Accruals and deferred income   (3,781)
Provisions for liabilities 6 (138)  
Net assets 82,517    71,125 
 

Capital and reserves
     
Called up share capital 7 1    1 
Profit and loss account 82,516    71,124 
Shareholders' funds 82,517    71,125 
 


For the year ended 09 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 27 August 2024 and were signed by:


-------------------------------
Leon Edwards
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 10 December 2021 1  46,748  46,749 
Profit for the year 24,376  24,376 
Total comprehensive income for the year 24,376  24,376 
Total investments by and distributions to owners
At 09 December 2022 1  71,124  71,125 
At 10 December 2022 1  71,124  71,125 
Profit for the year 11,392  11,392 
Total comprehensive income for the year 11,392  11,392 
Total investments by and distributions to owners
At 09 December 2023 1  82,516  82,517 
5
General Information
AR Mill Street Ltd is a private company, limited by shares, registered in England and Wales, registration number 12040531, registration address 4 Princewood Road, Corby, NN17 4AP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures & Fittings 25%
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees including directors

Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Investment properties   Plant and machinery etc   Total
  £   £   £
At 10 December 2022 578,130    769    578,899 
Additions 229,737    1,420    231,157 
Disposals    
At 09 December 2023 807,867    2,189    810,056 
Depreciation
At 10 December 2022   192    192 
Charge for year   500    500 
On disposals    
At 09 December 2023   692    692 
Net book values
Closing balance as at 09 December 2023 807,867    1,497    809,364 
Opening balance as at 10 December 2022 578,130    577    578,707 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Prepayments & Accrued Income 619    450 
Other Debtors 6,071    470 
6,690    920 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Corporation Tax 2,703    4,449 
Other Creditors 6,040   
Directors' Current Accounts 734,617    535,320 
743,360    539,769 

6.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 138   
138   

7.

Share Capital

Authorised
1 Class A share of £1.00 each
Allotted, called up and partly paid
2023
£
  2022
£
1 Class A share of £1.00 each  
 

8.

Director’s loan

L Edwards

As at the balance sheet date the company owed the director £732,588.42 (2022 - £535,319.70), this loan is interest free and repayable on demand.
6