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REGISTERED NUMBER: 03274167 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Millennium Property UK Limited

Millennium Property UK Limited (Registered number: 03274167)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Millennium Property UK Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr S Binch
Mr S Woolley
Mr N Bardsley
Mr T Leggett





REGISTERED OFFICE: Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS





REGISTERED NUMBER: 03274167 (England and Wales)





ACCOUNTANTS: Underwood Green
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

Millennium Property UK Limited (Registered number: 03274167)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 3,000,000 3,000,000
3,000,000 3,000,000

CURRENT ASSETS
Debtors 6 1,544 4,594
Cash at bank 31,235 36,187
32,779 40,781
CREDITORS
Amounts falling due within one year 7 3,172 3,170
NET CURRENT ASSETS 29,607 37,611
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,029,607

3,037,611

PROVISIONS FOR LIABILITIES 415,903 316,086
NET ASSETS 2,613,704 2,721,525

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Non distributable reserves 9 1,247,707 1,347,523
Retained earnings 1,364,997 1,373,002
SHAREHOLDERS' FUNDS 2,613,704 2,721,525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Millennium Property UK Limited (Registered number: 03274167)

Balance Sheet - continued
31 May 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





Mr S Woolley - Director


Millennium Property UK Limited (Registered number: 03274167)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Millennium Property UK 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
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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced rent, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in the market value is recognised in the profit and loss account.

A transfer is made from retained earnings to the non-distributable reserve for the amount of any market value surplus or deficit net of deferred tax provided.

Taxation
Taxation for the year 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.

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 4 (2023 - 4 ) .

Millennium Property UK Limited (Registered number: 03274167)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2023
and 31 May 2024 6,827
DEPRECIATION
At 1 June 2023
and 31 May 2024 6,827
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 3,000,000
NET BOOK VALUE
At 31 May 2024 3,000,000
At 31 May 2023 3,000,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2024 3,000,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,336,391 1,336,391

The investment property was valued on an open market basis on 31 May 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 957 415
Prepayments and accrued income 587 4,179
1,544 4,594

Millennium Property UK Limited (Registered number: 03274167)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,000 1,000
Accruals and deferred income 2,172 2,170
3,172 3,170

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RESERVES
Non
distributable
reserves
£   
At 1 June 2023 1,347,523
Transfer between reserves (99,816 )

At 31 May 2024 1,247,707