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REGISTERED NUMBER: 06945653 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Alistair Millar Limited

Alistair Millar Limited (Registered number: 06945653)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alistair Millar Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr A J Millar





SECRETARIES: Miss H Hopkins
Mrs T Millar





REGISTERED OFFICE: C/O Tallents Solicitors
3 Middlegate
Newark
Nottinghamshire
NG24 1AQ





REGISTERED NUMBER: 06945653 (England and Wales)





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

Alistair Millar Limited (Registered number: 06945653)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 8,459
Investment property 6 210,000 196,754
210,000 205,213

CURRENT ASSETS
Debtors 7 527,839 490,790
Cash at bank 155,392 206,260
683,231 697,050
CREDITORS
Amounts falling due within one year 8 42,057 64,340
NET CURRENT ASSETS 641,174 632,710
TOTAL ASSETS LESS CURRENT
LIABILITIES

851,174

837,923

CREDITORS
Amounts falling due after more than one
year

9

-

4,585
NET ASSETS 851,174 833,338

CAPITAL AND RESERVES
Called up share capital 10 100 100
Non-distributable reserve 11 - 4,007
Retained earnings 851,074 829,231
SHAREHOLDERS' FUNDS 851,174 833,338

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Alistair Millar Limited (Registered number: 06945653)

Balance Sheet - continued
30 April 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2024 and were signed by:





Mr A J Millar - Director


Alistair Millar Limited (Registered number: 06945653)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Alistair Millar 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 the company's share of the profits of the partnership Tallents Solicitors.

Goodwill
Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives as follows:

Goodwill - ten years

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance

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 profit or loss.
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.

Alistair Millar Limited (Registered number: 06945653)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 131,849
AMORTISATION
At 1 May 2023
and 30 April 2024 131,849
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

Goodwill arose on the purchase of the company's share in Tallents Solicitors.

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023 14,716
Disposals (14,716 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 14,716

Alistair Millar Limited (Registered number: 06945653)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 211,470
Additions 32,978
Revaluations (34,448 )
At 30 April 2024 210,000
NET BOOK VALUE
At 30 April 2024 210,000
At 30 April 2023 211,470

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 13,246
Cost 196,754
210,000

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

2024 2023
£    £   
Cost 244,448 196,754

Investment property was valued on an open market basis on 30 April 2024 by the director, Mr A J Millar .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Due from Tallents Solicitors 356,979 371,943
Directors' current accounts 170,738 118,724
Prepayments 122 123
527,839 490,790

Other than as stated under directors' current accounts above, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 5,940
Tax 40,791 57,182
Accruals and deferred income 1,266 1,218
42,057 64,340

Alistair Millar Limited (Registered number: 06945653)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 4,585

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Non-distribut
reserve
£   
At 1 May 2023 4,007
Transfer between reserves (4,007 )

At 30 April 2024 -

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr A J Millar
Balance outstanding at start of year 118,724 98,884
Amounts advanced 190,101 128,202
Amounts repaid (138,087 ) (108,362 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 170,738 118,724

Interest was charged on the director's advances at HM Revenue & Customs official rate of interest being 2.25% per annum.

The outstanding advances were repaid within nine months of the year end.