REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 29th February 2024 |
for |
MILANSPAR LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 29th February 2024 |
for |
MILANSPAR LIMITED |
MILANSPAR LIMITED (REGISTERED NUMBER: 01664669) |
Contents of the Financial Statements |
for the Year Ended 29th February 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
MILANSPAR LIMITED |
Company Information |
for the Year Ended 29th February 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
38 Salisbury Road |
Worthing |
West Sussex |
BN11 1RD |
MILANSPAR LIMITED (REGISTERED NUMBER: 01664669) |
Balance Sheet |
29th February 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Investments | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
MILANSPAR LIMITED (REGISTERED NUMBER: 01664669) |
Balance Sheet - continued |
29th February 2024 |
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 |
MILANSPAR LIMITED (REGISTERED NUMBER: 01664669) |
Notes to the Financial Statements |
for the Year Ended 29th February 2024 |
1. | STATUTORY INFORMATION |
Milanspar Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rents receivable from operating leases, excluding value added tax. |
Tangible fixed assets |
Equipment | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Fair Value Reserve. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Equipment |
£ |
COST |
At 1st March 2023 |
and 29th February 2024 |
DEPRECIATION |
At 1st March 2023 |
and 29th February 2024 |
NET BOOK VALUE |
At 29th February 2024 |
At 28th February 2023 |
MILANSPAR LIMITED (REGISTERED NUMBER: 01664669) |
Notes to the Financial Statements - continued |
for the Year Ended 29th February 2024 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st March 2023 |
and 29th February 2024 |
NET BOOK VALUE |
At 29th February 2024 |
At 28th February 2023 |
Fair value at 29th February 2024 is represented by: |
£ |
Valuation in 2015 | 75,436 |
Valuation in 2016 | 49,000 |
Valuation in 2017 | (7,000 | ) |
Valuation in 2018 | 34,790 |
Valuation in 2022 | 193,000 |
Cost | 1,409,774 |
1,755,000 |
If investment properties had not been revalued they would have been included at the following historical cost: |
2024 | 2023 |
£ | £ |
Cost | 1,409,774 | 1,409,774 |
The investment properties were valued on an open market basis on 28th February 2024 by the directors . |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
7. | CURRENT ASSET INVESTMENTS |
2024 | 2023 |
£ | £ |
Listed investments | 261,706 | 242,793 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Taxation and social security |
Other creditors |
MILANSPAR LIMITED (REGISTERED NUMBER: 01664669) |
Notes to the Financial Statements - continued |
for the Year Ended 29th February 2024 |
9. | RESERVES |
Fair |
value |
reserve |
£ |
At 1st March 2023 |
and 29th February 2024 |