Millhouse (South) Limited 08395558 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is the holding of aa property Digita Accounts Production Advanced 6.30.9574.0 true true 08395558 2023-03-01 2024-02-29 08395558 2024-02-29 08395558 bus:OrdinaryShareClass1 2024-02-29 08395558 core:CurrentFinancialInstruments 2024-02-29 08395558 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 08395558 core:LandBuildings 2024-02-29 08395558 bus:SmallEntities 2023-03-01 2024-02-29 08395558 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 08395558 bus:FullAccounts 2023-03-01 2024-02-29 08395558 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08395558 bus:RegisteredOffice 2023-03-01 2024-02-29 08395558 bus:Director1 2023-03-01 2024-02-29 08395558 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 08395558 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08395558 core:LandBuildings 2023-03-01 2024-02-29 08395558 countries:EnglandWales 2023-03-01 2024-02-29 08395558 core:LandBuildings 2023-02-28 08395558 2022-03-01 2023-02-28 08395558 2023-02-28 08395558 bus:OrdinaryShareClass1 2023-02-28 08395558 core:CurrentFinancialInstruments 2023-02-28 08395558 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 08395558 core:LandBuildings 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08395558

Prepared for the registrar

Millhouse (South) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 29 February 2024

 

Millhouse (South) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Millhouse (South) Limited

Company Information

Director

I C MacRae

Registered office

108a Panorama Road
Poole
BH13 7RG

Accountants

Hazlewoods LLP
Staverton Court
Staverton
Cheltenham
GL51 0UX

 

Millhouse (South) Limited

(Registration number: 08395558)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

2,825,000

Current assets

 

Debtors

5

78

-

Cash at bank and in hand

 

359,472

-

 

359,550

-

Creditors: Amounts falling due within one year

6

-

(2,393,259)

Net current assets/(liabilities)

 

359,550

(2,393,259)

Net assets

 

359,550

431,741

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

-

835,939

Profit and loss account

359,450

(404,298)

Shareholders' funds

 

359,550

431,741

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 29 November 2024
 


I C MacRae
Director

 

Millhouse (South) Limited

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

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
108a Panorama Road
Poole
BH13 7RG

 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
 

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

0% per annum

 

Millhouse (South) Limited

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was as follows:

Included within the net book value of land and buildings above is £Nil (2023 - £2,825,000) in respect of freehold land and buildings.
 

 

5

Debtors

Note

2024
 £

Amounts owed by related parties

8

78

   

78

 

6

Creditors

2024
 £

2023
 £

Due within one year

Amounts due to related parties

-

2,393,259

 

Millhouse (South) Limited

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

 

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         
 

8

Related party transactions

During the year the company was owed £78 from it's parent company, Roxy Property Capital Limited (2023: owed £2,393,259).