IRIS Accounts Production v24.3.0.553 03481490 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh034814902023-01-31034814902024-01-31034814902023-02-012024-01-31034814902022-01-31034814902022-02-012023-01-31034814902023-01-3103481490ns15:EnglandWales2023-02-012024-01-3103481490ns14:PoundSterling2023-02-012024-01-3103481490ns10:Director12023-02-012024-01-3103481490ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3103481490ns10:SmallEntities2023-02-012024-01-3103481490ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3103481490ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3103481490ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3103481490ns10:FullAccounts2023-02-012024-01-3103481490ns10:Director22023-02-012024-01-3103481490ns10:Director32023-02-012024-01-3103481490ns10:Director42023-02-012024-01-3103481490ns10:CompanySecretary12023-02-012024-01-3103481490ns10:RegisteredOffice2023-02-012024-01-3103481490ns5:CurrentFinancialInstruments2024-01-3103481490ns5:CurrentFinancialInstruments2023-01-3103481490ns5:ShareCapital2024-01-3103481490ns5:ShareCapital2023-01-3103481490ns5:FurtherSpecificReserve3ComponentTotalEquity2024-01-3103481490ns5:FurtherSpecificReserve3ComponentTotalEquity2023-01-3103481490ns5:RetainedEarningsAccumulatedLosses2024-01-3103481490ns5:RetainedEarningsAccumulatedLosses2023-01-3103481490ns5:ComputerEquipment2023-02-012024-01-3103481490ns5:LandBuildings2023-01-3103481490ns5:ComputerEquipment2023-01-3103481490ns5:LandBuildings2023-02-012024-01-3103481490ns5:LandBuildings2024-01-3103481490ns5:ComputerEquipment2024-01-3103481490ns5:LandBuildings2023-01-3103481490ns5:ComputerEquipment2023-01-3103481490ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3103481490ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3103481490ns5:FurtherSpecificReserve3ComponentTotalEquity2023-01-31
REGISTERED NUMBER: 03481490 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

MILLAR DEVELOPMENT LIMITED

MILLAR DEVELOPMENT LIMITED (REGISTERED NUMBER: 03481490)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MILLAR DEVELOPMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mrs S L Fullilove
Mr B L Millar
Mr B H Millar
Mrs L C Millar





SECRETARY: Mrs S L Fullilove





REGISTERED OFFICE: 46 Petard Close
Two Gates
Tamworth
Staffordshire
B77 1GN





REGISTERED NUMBER: 03481490 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

MILLAR DEVELOPMENT LIMITED (REGISTERED NUMBER: 03481490)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 920,395 876,824

CURRENT ASSETS
Debtors 5 984 1,899
Cash at bank and in hand 241,048 227,256
242,032 229,155
CREDITORS
Amounts falling due within one year 6 93,128 101,765
NET CURRENT ASSETS 148,904 127,390
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,069,299

1,004,214

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 464,822 421,002
Retained earnings 604,377 583,112
SHAREHOLDERS' FUNDS 1,069,299 1,004,214

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:





Mrs L C Millar - Director


MILLAR DEVELOPMENT LIMITED (REGISTERED NUMBER: 03481490)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Millar Development 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.

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES

The average number of employees during the year was 4 (2023 - 3 ) .

MILLAR DEVELOPMENT LIMITED (REGISTERED NUMBER: 03481490)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST OR VALUATION
At 1 February 2023 876,408 1,229 877,637
Revaluations 43,821 - 43,821
At 31 January 2024 920,229 1,229 921,458
DEPRECIATION
At 1 February 2023 - 813 813
Charge for year - 250 250
At 31 January 2024 - 1,063 1,063
NET BOOK VALUE
At 31 January 2024 920,229 166 920,395
At 31 January 2023 876,408 416 876,824

Cost or valuation at 31 January 2024 is represented by:

Freehold Computer
property equipment Totals
£    £    £   
Valuation in 2023 876,408 1,229 877,637
Valuation in 2024 43,821 - 43,821
920,229 1,229 921,458

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 984 1,899

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,610 2,609
Taxation and social security 7,079 7,363
Other creditors 83,439 91,793
93,128 101,765

MILLAR DEVELOPMENT LIMITED (REGISTERED NUMBER: 03481490)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. RESERVES
Fair
value
reserve
£   
At 1 February 2023 421,002
Unrealised surplus on
revaluation 43,820

At 31 January 2024 464,822