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REGISTERED NUMBER: SC163238 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Niall J.M. Miller (Holdings) Limited

Niall J.M. Miller (Holdings) Limited (Registered number: SC163238)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Niall J.M. Miller (Holdings) Limited (Registered number: SC163238)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Investments 4 508,000 508,000
Investment property 5 664,351 664,351
1,172,351 1,172,351

CURRENT ASSETS
Debtors 6 113,129 26,201
Cash at bank 138,990 148,065
252,119 174,266
CREDITORS
Amounts falling due within one year 7 (65,426 ) (70,057 )
NET CURRENT ASSETS 186,693 104,209
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,359,044

1,276,560

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,358,944 1,276,460
SHAREHOLDERS' FUNDS 1,359,044 1,276,560

Niall J.M. Miller (Holdings) Limited (Registered number: SC163238)

Balance Sheet - continued
29 February 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 22 August 2024 and were signed on its behalf by:





Mr N J M Miller - Director


Niall J.M. Miller (Holdings) Limited (Registered number: SC163238)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Niall J.M. Miller (Holdings) Limited is a private company, limited by shares, domiciled in Scotland, registration number SC163238. The registered office is 2 Cunningham Road, Springkerse Industrial Estate, Stirling, Stirlingshire, FK7 7SW.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with companies within the group.

Turnover
The turnover shown in the profit and loss account represents amounts receivable during the year from property leasing, exclusive of Value Added Tax. Sales are recognised at the point at which the service is complete.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Niall J.M. Miller (Holdings) Limited (Registered number: SC163238)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 508,000
NET BOOK VALUE
At 29 February 2024 508,000
At 28 February 2023 508,000

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 997,889
DEPRECIATION
At 1 March 2023
and 29 February 2024 333,538
NET BOOK VALUE
At 29 February 2024 664,351
At 28 February 2023 664,351

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 15,999 11,860
Amounts owed by group undertakings 77,248 4,341
Other debtors 19,882 10,000
113,129 26,201

Niall J.M. Miller (Holdings) Limited (Registered number: SC163238)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 11,594 12,204
Taxation and social security 34,478 37,533
Other creditors 19,354 20,320
65,426 70,057