Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 12878537 Mr Mark Mills iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12878537 2022-12-31 12878537 2023-12-31 12878537 2023-01-01 2023-12-31 12878537 frs-core:CurrentFinancialInstruments 2023-12-31 12878537 frs-core:Non-currentFinancialInstruments 2023-12-31 12878537 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 12878537 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12878537 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 12878537 frs-core:ShareCapital 2023-12-31 12878537 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12878537 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12878537 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 12878537 frs-bus:SmallEntities 2023-01-01 2023-12-31 12878537 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12878537 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12878537 frs-bus:Director1 2023-01-01 2023-12-31 12878537 frs-countries:EnglandWales 2023-01-01 2023-12-31 12878537 2021-12-31 12878537 2022-12-31 12878537 2022-01-01 2022-12-31 12878537 frs-core:CurrentFinancialInstruments 2022-12-31 12878537 frs-core:Non-currentFinancialInstruments 2022-12-31 12878537 frs-core:ShareCapital 2022-12-31 12878537 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 12878537
Mills Residential Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 12878537
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 300,000 300,000
300,000 300,000
CURRENT ASSETS
Cash at bank and in hand 644 3,487
644 3,487
Creditors: Amounts Falling Due Within One Year 5 (1,057 ) (5,878 )
NET CURRENT ASSETS (LIABILITIES) (413 ) (2,391 )
TOTAL ASSETS LESS CURRENT LIABILITIES 299,587 297,609
Creditors: Amounts Falling Due After More Than One Year 6 (288,470 ) (290,000 )
NET ASSETS 11,117 7,609
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement 11,017 7,509
SHAREHOLDERS' FUNDS 11,117 7,609
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Income Statement.
On behalf of the board
Mr Mark Mills
Director
16/09/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Mills Residential Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12878537 . The registered office is Wormelow House, Wormelow, Herefordshire, HR2 8EG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 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 Held at cost
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 January 2023 300,000
As at 31 December 2023 300,000
Net Book Value
As at 31 December 2023 300,000
As at 1 January 2023 300,000
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5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 1,057 1,736
Director's loan account - 4,142
1,057 5,878
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Directors loan account 288,470 290,000
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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