2023-01-012023-12-312023-12-31false04617906Millhome Properties Limited2024-09-1082990iso4217:GBPxbrli:pure046179062023-01-01046179062023-12-31046179062023-01-012023-12-31046179062022-01-01046179062022-12-31046179062022-01-012022-12-3104617906bus:SmallEntities2023-01-012023-12-3104617906bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3104617906bus:FullAccounts2023-01-012023-12-3104617906bus:PrivateLimitedCompanyLtd2023-01-012023-12-3104617906core:WithinOneYear2023-12-3104617906core:AfterOneYear2023-12-3104617906core:WithinOneYear2022-12-3104617906core:AfterOneYear2022-12-3104617906core:ShareCapital2023-12-3104617906core:SharePremium2023-12-3104617906core:RevaluationReserve2023-12-3104617906core:OtherReservesSubtotal2023-12-3104617906core:RetainedEarningsAccumulatedLosses2023-12-3104617906core:ShareCapital2022-12-3104617906core:SharePremium2022-12-3104617906core:RevaluationReserve2022-12-3104617906core:OtherReservesSubtotal2022-12-3104617906core:RetainedEarningsAccumulatedLosses2022-12-3104617906core:LandBuildings2023-12-3104617906core:PlantMachinery2023-12-3104617906core:Vehicles2023-12-3104617906core:FurnitureFittings2023-12-3104617906core:OfficeEquipment2023-12-3104617906core:NetGoodwill2023-12-3104617906core:IntangibleAssetsOtherThanGoodwill2023-12-3104617906core:ListedExchangeTraded2023-12-3104617906core:UnlistedNon-exchangeTraded2023-12-3104617906core:LandBuildings2022-12-3104617906core:PlantMachinery2022-12-3104617906core:Vehicles2022-12-3104617906core:FurnitureFittings2022-12-3104617906core:OfficeEquipment2022-12-3104617906core:NetGoodwill2022-12-3104617906core:IntangibleAssetsOtherThanGoodwill2022-12-3104617906core:ListedExchangeTraded2022-12-3104617906core:UnlistedNon-exchangeTraded2022-12-3104617906core:LandBuildings2023-01-012023-12-3104617906core:PlantMachinery2023-01-012023-12-3104617906core:Vehicles2023-01-012023-12-3104617906core:FurnitureFittings2023-01-012023-12-3104617906core:OfficeEquipment2023-01-012023-12-3104617906core:NetGoodwill2023-01-012023-12-3104617906core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3104617906core:ListedExchangeTraded2023-01-012023-12-3104617906core:UnlistedNon-exchangeTraded2023-01-012023-12-3104617906core:MoreThanFiveYears2023-01-012023-12-3104617906core:Non-currentFinancialInstruments2023-12-3104617906core:Non-currentFinancialInstruments2022-12-3104617906dpl:CostSales2023-01-012023-12-3104617906dpl:DistributionCosts2023-01-012023-12-3104617906core:LandBuildings2023-01-012023-12-3104617906core:PlantMachinery2023-01-012023-12-3104617906core:Vehicles2023-01-012023-12-3104617906core:FurnitureFittings2023-01-012023-12-3104617906core:OfficeEquipment2023-01-012023-12-3104617906dpl:AdministrativeExpenses2023-01-012023-12-3104617906core:NetGoodwill2023-01-012023-12-3104617906core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3104617906dpl:GroupUndertakings2023-01-012023-12-3104617906dpl:ParticipatingInterests2023-01-012023-12-3104617906dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3104617906core:ListedExchangeTraded2023-01-012023-12-3104617906dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3104617906core:UnlistedNon-exchangeTraded2023-01-012023-12-3104617906dpl:CostSales2022-01-012022-12-3104617906dpl:DistributionCosts2022-01-012022-12-3104617906core:LandBuildings2022-01-012022-12-3104617906core:PlantMachinery2022-01-012022-12-3104617906core:Vehicles2022-01-012022-12-3104617906core:FurnitureFittings2022-01-012022-12-3104617906core:OfficeEquipment2022-01-012022-12-3104617906dpl:AdministrativeExpenses2022-01-012022-12-3104617906core:NetGoodwill2022-01-012022-12-3104617906core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3104617906dpl:GroupUndertakings2022-01-012022-12-3104617906dpl:ParticipatingInterests2022-01-012022-12-3104617906dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3104617906core:ListedExchangeTraded2022-01-012022-12-3104617906dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3104617906core:UnlistedNon-exchangeTraded2022-01-012022-12-3104617906core:NetGoodwill2023-12-3104617906core:IntangibleAssetsOtherThanGoodwill2023-12-3104617906core:LandBuildings2023-12-3104617906core:PlantMachinery2023-12-3104617906core:Vehicles2023-12-3104617906core:FurnitureFittings2023-12-3104617906core:OfficeEquipment2023-12-3104617906core:AfterOneYear2023-12-3104617906core:WithinOneYear2023-12-3104617906core:ListedExchangeTraded2023-12-3104617906core:UnlistedNon-exchangeTraded2023-12-3104617906core:ShareCapital2023-12-3104617906core:SharePremium2023-12-3104617906core:RevaluationReserve2023-12-3104617906core:OtherReservesSubtotal2023-12-3104617906core:RetainedEarningsAccumulatedLosses2023-12-3104617906core:NetGoodwill2022-12-3104617906core:IntangibleAssetsOtherThanGoodwill2022-12-3104617906core:LandBuildings2022-12-3104617906core:PlantMachinery2022-12-3104617906core:Vehicles2022-12-3104617906core:FurnitureFittings2022-12-3104617906core:OfficeEquipment2022-12-3104617906core:AfterOneYear2022-12-3104617906core:WithinOneYear2022-12-3104617906core:ListedExchangeTraded2022-12-3104617906core:UnlistedNon-exchangeTraded2022-12-3104617906core:ShareCapital2022-12-3104617906core:SharePremium2022-12-3104617906core:RevaluationReserve2022-12-3104617906core:OtherReservesSubtotal2022-12-3104617906core:RetainedEarningsAccumulatedLosses2022-12-3104617906core:NetGoodwill2022-01-0104617906core:IntangibleAssetsOtherThanGoodwill2022-01-0104617906core:LandBuildings2022-01-0104617906core:PlantMachinery2022-01-0104617906core:Vehicles2022-01-0104617906core:FurnitureFittings2022-01-0104617906core:OfficeEquipment2022-01-0104617906core:AfterOneYear2022-01-0104617906core:WithinOneYear2022-01-0104617906core:ListedExchangeTraded2022-01-0104617906core:UnlistedNon-exchangeTraded2022-01-0104617906core:ShareCapital2022-01-0104617906core:SharePremium2022-01-0104617906core:RevaluationReserve2022-01-0104617906core:OtherReservesSubtotal2022-01-0104617906core:RetainedEarningsAccumulatedLosses2022-01-0104617906core:AfterOneYear2023-01-012023-12-3104617906core:WithinOneYear2023-01-012023-12-3104617906core:Non-currentFinancialInstrumentscore:CostValuation2023-01-012023-12-3104617906core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-012023-12-3104617906core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-012023-12-3104617906core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-012023-12-3104617906core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-012023-12-3104617906core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-012023-12-3104617906core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3104617906core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3104617906core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3104617906core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3104617906core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3104617906core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3104617906core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3104617906core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3104617906core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3104617906core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3104617906core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3104617906core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3104617906core:Non-currentFinancialInstrumentscore:CostValuation2022-12-3104617906core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-3104617906core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-3104617906core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-3104617906core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-3104617906core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-3104617906core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-3104617906core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-3104617906core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-3104617906bus:Director12023-01-012023-12-3104617906bus:Director22023-01-012023-12-3104617906core:FurnitureFittingsToolsEquipment2022-12-3104617906core:FurnitureFittingsToolsEquipment2023-01-012023-12-3104617906core:FurnitureFittingsToolsEquipment2023-12-31

Millhome Properties Limited

Registered Number
04617906
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

Millhome Properties Limited
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

Kattan, Daniel Nicholas
Rosenheimer, Gilead Moshe Julian

Company Secretary

Kattan, Daniel Nicholas

Registered Address

5 Fleet Place
First Floor
London
EC4M 7RD

Registered Number

04617906 (England and Wales)
Millhome Properties Limited
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets35,5255,461
Investment property42,183,0002,183,000
2,188,5252,188,461
Current assets
Debtors9,4388,474
Cash at bank and on hand20,68050,271
30,11858,745
Creditors amounts falling due within one year5(150,323)(162,765)
Net current assets (liabilities)(120,205)(104,020)
Total assets less current liabilities2,068,3202,084,441
Creditors amounts falling due after one year6(683,500)(683,500)
Provisions for liabilities7(167,819)(167,819)
Net assets1,217,0011,233,122
Capital and reserves
Called up share capital22
Profit and loss account1,216,9991,233,120
Shareholders' funds1,217,0011,233,122
The financial statements were approved and authorised for issue by the Board of Directors on 10 September 2024, and are signed on its behalf by:
Kattan, Daniel Nicholas
Director
Rosenheimer, Gilead Moshe Julian
Director

Registered Company No. 04617906
Millhome Properties Limited
Notes to the Financial Statements
for the year ended 31 December 2023

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.
Turnover policy
Turnover is measured at the fair value of the rent received or receivable.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss. Tangible fixed assets include investment properties valued by the directors on an existing use open market value basis. Other tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently, it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
2.Average number of employees

20232022
Average number of employees during the year22
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 January 2310,37510,96221,337
Additions-1,4291,429
At 31 December 2310,37512,39122,766
Depreciation and impairment
At 01 January 239,7466,13015,876
Charge for year1571,2081,365
At 31 December 239,9037,33817,241
Net book value
At 31 December 234725,0535,525
At 31 December 226294,8325,461
4.Investment property

£
Fair value at 01 January 232,183,000
At 31 December 232,183,000
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables3,2881,043
Taxation and social security9,96414,972
Other creditors131,469139,789
Accrued liabilities and deferred income5,6026,961
Total150,323162,765
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts683,500683,500
Total683,500683,500
7.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)167,819167,819
Total167,819167,819
8.Related party transactions
At the year end, the company owed £121,093 (2022: £130,930) to the directors of the company, in respect of interest free loans which are repayable on demand.