Caseware UK (AP4) 2023.0.135 2023.0.135 falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activityfalse22023-02-01falsetrue2 09951423 2023-02-01 2024-01-31 09951423 2022-02-01 2023-01-31 09951423 2024-01-31 09951423 2023-01-31 09951423 c:Director1 2023-02-01 2024-01-31 09951423 d:Buildings 2024-01-31 09951423 d:Buildings 2023-01-31 09951423 d:CurrentFinancialInstruments 2024-01-31 09951423 d:CurrentFinancialInstruments 2023-01-31 09951423 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 09951423 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 09951423 d:ShareCapital 2024-01-31 09951423 d:ShareCapital 2023-01-31 09951423 d:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 09951423 d:RetainedEarningsAccumulatedLosses 2024-01-31 09951423 d:RetainedEarningsAccumulatedLosses 2023-01-31 09951423 c:OrdinaryShareClass1 2023-02-01 2024-01-31 09951423 c:OrdinaryShareClass1 2024-01-31 09951423 c:OrdinaryShareClass1 2023-01-31 09951423 c:FRS102 2023-02-01 2024-01-31 09951423 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09951423 c:FullAccounts 2023-02-01 2024-01-31 09951423 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09951423 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09951423










Milver Properties Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 January 2024

 
Milver Properties Limited
Registered number: 09951423

Balance sheet
As at 31 January 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
46,407
46,407

  
46,407
46,407

Current assets
  

Debtors: amounts falling due within one year
 5 
4,681
4,131

  
4,681
4,131

Creditors: amounts falling due within one year
 6 
(60,045)
(59,181)

Net current liabilities
  
 
 
(55,364)
 
 
(55,050)

Total assets less current liabilities
  
(8,957)
(8,643)

  

Net liabilities
  
(8,957)
(8,643)


Capital and reserves
  

Called up share capital 
 7 
8
8

Profit and loss account
 8 
(8,965)
(8,651)

  
(8,957)
(8,643)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 January 2025.




J Cleaver
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
Milver Properties Limited
 

 
Notes to the financial statements
For the year ended 31 January 2024

1.


General information

Milver Properties Limited is a limited liability company incorporated in England and Wales, with the registration number 09951423. 
The address of the company's registered office is 37 St Margaret's Street, Canterbury, Kent, CT1 2TU. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The company's functional and presentational currency is Pounds Sterling. 
The company's financial statements are presented to the nearest pound. 

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

After making enquiries, the directors believe that the company will have adequate resources to continue in operational existence for the foreseeable future. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. 

 
2.3

Revenue

Revenue comprises of gross rent receivable. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

  
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 2

 
Milver Properties Limited
 

 
Notes to the financial statements
For the year ended 31 January 2024

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
Milver Properties Limited
 

 
Notes to the financial statements
For the year ended 31 January 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 February 2023
46,407



At 31 January 2024

46,407






Net book value



At 31 January 2024
46,407



At 31 January 2023
46,407


5.


Debtors

2024
2023
£
£


Prepayments and accrued income
4,681
4,131

4,681
4,131



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
60,045
59,181

60,045
59,181


Page 4

 
Milver Properties Limited
 

 
Notes to the financial statements
For the year ended 31 January 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



8 (2023 - 8) Ordinary shares of £1.00 each
8
8



8.


Reserves

Profit and loss account

This reserve comprises all current and prior period retained profits and losses after deducting any distributions made to the company's shareholders. 


9.


Related party transactions

During the period, J Cleaver, a director of the company, provided working capital loans in the sum of £864 (2023: £1,180). At 31 January 2024, £60,045 (2023: £59,181) was due to J Cleaver. 


10.


Controlling party

J Cleaver and B Cleaver control the company by virtue of their 100% shareholding. 


Page 5