Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 09769516 Mr S H Miller Mrs C A Miller Mr P A Miller iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09769516 2023-03-31 09769516 2024-03-31 09769516 2023-04-01 2024-03-31 09769516 frs-core:CurrentFinancialInstruments 2024-03-31 09769516 frs-core:Non-currentFinancialInstruments 2024-03-31 09769516 frs-core:BetweenOneFiveYears 2024-03-31 09769516 frs-core:ComputerEquipment 2023-04-01 2024-03-31 09769516 frs-core:FurnitureFittings 2024-03-31 09769516 frs-core:FurnitureFittings 2023-04-01 2024-03-31 09769516 frs-core:FurnitureFittings 2023-03-31 09769516 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 09769516 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09769516 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 09769516 frs-core:MotorVehicles 2024-03-31 09769516 frs-core:MotorVehicles 2023-04-01 2024-03-31 09769516 frs-core:MotorVehicles 2023-03-31 09769516 frs-core:PlantMachinery 2024-03-31 09769516 frs-core:PlantMachinery 2023-04-01 2024-03-31 09769516 frs-core:PlantMachinery 2023-03-31 09769516 frs-core:WithinOneYear 2024-03-31 09769516 frs-core:ShareCapital 2024-03-31 09769516 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09769516 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09769516 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09769516 frs-bus:SmallEntities 2023-04-01 2024-03-31 09769516 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09769516 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09769516 frs-bus:Director1 2023-04-01 2024-03-31 09769516 frs-bus:Director2 2023-04-01 2024-03-31 09769516 frs-bus:Director3 2023-04-01 2024-03-31 09769516 1 2023-04-01 2024-03-31 09769516 frs-countries:EnglandWales 2023-04-01 2024-03-31 09769516 2022-03-31 09769516 2023-03-31 09769516 2022-04-01 2023-03-31 09769516 frs-core:CurrentFinancialInstruments 2023-03-31 09769516 frs-core:Non-currentFinancialInstruments 2023-03-31 09769516 frs-core:BetweenOneFiveYears 2023-03-31 09769516 frs-core:WithinOneYear 2023-03-31 09769516 frs-core:ShareCapital 2023-03-31 09769516 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 09769516 1 2022-04-01 2023-03-31
Registered number: 09769516
Miller Wheel Properties Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09769516
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 222,076 104,162
222,076 104,162
CURRENT ASSETS
Debtors 5 2,669 56,030
Cash at bank and in hand 6,693 4,622
9,362 60,652
Creditors: Amounts Falling Due Within One Year 6 (284,843 ) (51,490 )
NET CURRENT ASSETS (LIABILITIES) (275,481 ) 9,162
TOTAL ASSETS LESS CURRENT LIABILITIES (53,405 ) 113,324
Creditors: Amounts Falling Due After More Than One Year 7 (55,923 ) (102,000 )
NET (LIABILITIES)/ASSETS (109,328 ) 11,324
CAPITAL AND RESERVES
Called up share capital 9 1,800 1,800
Profit and Loss Account (111,128 ) 9,524
SHAREHOLDERS' FUNDS (109,328) 11,324
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P A Miller
Director
12/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Miller Wheel Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09769516 . The registered office is Court Lodge Farm, Warren Road, Chelsfield, Kent, BR6 6ER.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 10% on Cost
Plant & Machinery 15% on Cost
Motor Vehicles 20% on Cost
Fixtures & Fittings 15% on Cost
Computer Equipment Over three years
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Property Management 2 2
3 3
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2023 94,039 3,601 30,888 3,365 131,893
Additions 85,000 - 70,949 - 155,949
Disposals - - (30,888 ) - (30,888 )
As at 31 March 2024 179,039 3,601 70,949 3,365 256,954
Depreciation
As at 1 April 2023 15,644 3,029 6,180 2,878 27,731
Provided during the period 5,503 242 10,184 487 16,416
Disposals - - (9,269 ) - (9,269 )
As at 31 March 2024 21,147 3,271 7,095 3,365 34,878
Net Book Value
As at 31 March 2024 157,892 330 63,854 - 222,076
As at 1 April 2023 78,395 572 24,708 487 104,162
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 869 744
Amounts owed by group undertakings 1,800 1,800
Amounts owed by associates - 53,486
2,669 56,030
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,255 -
Trade creditors 5,971 5,804
Other taxes and social security 2,723 4,352
VAT 3,240 2,561
Accruals and deferred income 3,185 4,150
Directors' loan accounts 6,231 34,623
Amounts owed to associates 261,463 -
Amounts owed to related parties 775 -
284,843 51,490
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 55,923 -
Bank loans - 102,000
55,923 102,000
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,255 -
Later than one year and not later than five years 55,923 -
57,178 -
57,178 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,800 1,800
Page 5