IRIS Accounts Production v24.2.0.383 01900645 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh019006452023-03-31019006452024-03-31019006452023-04-012024-03-31019006452022-03-31019006452022-04-012023-03-31019006452023-03-3101900645ns15:EnglandWales2023-04-012024-03-3101900645ns14:PoundSterling2023-04-012024-03-3101900645ns10:Director12023-04-012024-03-3101900645ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101900645ns10:SmallEntities2023-04-012024-03-3101900645ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3101900645ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3101900645ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101900645ns10:FullAccounts2023-04-012024-03-3101900645ns10:Director22023-04-012024-03-3101900645ns10:CompanySecretary12023-04-012024-03-3101900645ns10:RegisteredOffice2023-04-012024-03-3101900645ns5:CurrentFinancialInstruments2024-03-3101900645ns5:CurrentFinancialInstruments2023-03-3101900645ns5:ShareCapital2024-03-3101900645ns5:ShareCapital2023-03-3101900645ns5:FurtherSpecificReserve1ComponentTotalEquity2024-03-3101900645ns5:FurtherSpecificReserve1ComponentTotalEquity2023-03-3101900645ns5:RetainedEarningsAccumulatedLosses2024-03-3101900645ns5:RetainedEarningsAccumulatedLosses2023-03-3101900645ns5:MotorVehicles2023-04-012024-03-3101900645ns5:MotorVehicles2023-03-3101900645ns5:MotorVehicles2024-03-3101900645ns5:MotorVehicles2023-03-31
REGISTERED NUMBER: 01900645 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

T.R. Milton Limited

T.R. Milton Limited (Registered number: 01900645)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T.R. Milton Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: T R Milton
M F Gilbert





SECRETARY: T R Milton





REGISTERED OFFICE: County Gate
County Way
Trowbridge
Wiltshire
BA14 7FJ





REGISTERED NUMBER: 01900645 (England and Wales)

T.R. Milton Limited (Registered number: 01900645)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93 124
Investment property 5 651,000 651,000
651,093 651,124

CURRENT ASSETS
Debtors: amounts falling due within one year 6 251 190
Cash at bank 63,191 46,536
63,442 46,726
CREDITORS
Amounts falling due within one year 7 26,951 22,806
NET CURRENT ASSETS 36,491 23,920
TOTAL ASSETS LESS CURRENT
LIABILITIES

687,584

675,044

PROVISIONS FOR LIABILITIES 36,217 36,217
NET ASSETS 651,367 638,827

CAPITAL AND RESERVES
Called up share capital 5,002 5,002
Other reserves 282,333 282,333
Retained earnings 364,032 351,492
SHAREHOLDERS' FUNDS 651,367 638,827

T.R. Milton Limited (Registered number: 01900645)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





T R Milton - Director


T.R. Milton Limited (Registered number: 01900645)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

T.R. Milton 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The principal accounting policies adopted in the preparation of the financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover comprises rental income receivable and is recognised in accordance with the terms of the tenants' lease agreements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

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 taxation
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.

3. EMPLOYEES AND DIRECTORS

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

T.R. Milton Limited (Registered number: 01900645)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 10,928
DEPRECIATION
At 1 April 2023 10,804
Charge for year 31
At 31 March 2024 10,835
NET BOOK VALUE
At 31 March 2024 93
At 31 March 2023 124

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 651,000
NET BOOK VALUE
At 31 March 2024 651,000
At 31 March 2023 651,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 9,000
Valuation in 2021 22,000
Valuation in 2020 4,000
Valuation in 2019 13,000
Valuation in 2018 60,250
Valuation in 2017 24,750
Valuation in 2016 51,000
Valuation in 2015 15,000
Valuation in 2014 110,833
Cost 341,167
651,000

If freehold investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 341,167 341,167

Investment property was valued on an open market basis on 31 March 2023 by T R Milton .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 251 190

T.R. Milton Limited (Registered number: 01900645)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation 5,294 962
Directors' current accounts 18,394 18,394
Accrued expenses 3,263 3,450
26,951 22,806

8. RELATED PARTY DISCLOSURES

During the year, total dividends paid to the directors was £10,000 (2023: £10,000).