REGISTERED NUMBER: |
Edwin Millen Estates Ltd |
Unaudited Financial Statements |
for the Year Ended 31st August 2024 |
REGISTERED NUMBER: |
Edwin Millen Estates Ltd |
Unaudited Financial Statements |
for the Year Ended 31st August 2024 |
Edwin Millen Estates Ltd (Registered number: 00800156) |
Contents of the Financial Statements |
for the year ended 31st August 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 | to | 3 |
Notes to the Financial Statements | 4 | to | 7 |
Edwin Millen Estates Ltd |
Company Information |
for the year ended 31st August 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
310 Wellingborough Road |
Northampton |
NN1 4EP |
Edwin Millen Estates Ltd (Registered number: 00800156) |
Balance Sheet |
31st August 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
Tangible assets | 6 |
Investment property | 7 |
CURRENT ASSETS |
Debtors | 8 |
Investments | 9 |
Prepayments and accrued income |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 10 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
11 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 14 |
Revaluation reserve | 15 |
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. |
Edwin Millen Estates Ltd (Registered number: 00800156) |
Balance Sheet - continued |
31st August 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Edwin Millen Estates Ltd (Registered number: 00800156) |
Notes to the Financial Statements |
for the year ended 31st August 2024 |
1. | STATUTORY INFORMATION |
Edwin Millen Estates Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
The principal activity of the company in the year under review was that of property rental. |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years 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. |
Intangible assets |
The intangible asset held is a bitcoin, which is an intangible digital token. |
There is no accumulated amortisation and no accumulated impairment as this cryptocurrency is hoped to be sold in the short term for a small gain. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer 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 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 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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Edwin Millen Estates Ltd (Registered number: 00800156) |
Notes to the Financial Statements - continued |
for the year ended 31st August 2024 |
3. | ACCOUNTING POLICIES - continued |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
5. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 1st September 2023 |
and 31st August 2024 |
NET BOOK VALUE |
At 31st August 2024 |
At 31st August 2023 |
6. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1st September 2023 |
and 31st August 2024 |
DEPRECIATION |
At 1st September 2023 |
Charge for year |
At 31st August 2024 |
NET BOOK VALUE |
At 31st August 2024 |
At 31st August 2023 |
7. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st September 2023 |
and 31st August 2024 |
NET BOOK VALUE |
At 31st August 2024 |
At 31st August 2023 |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
Edwin Millen Estates Ltd (Registered number: 00800156) |
Notes to the Financial Statements - continued |
for the year ended 31st August 2024 |
9. | CURRENT ASSET INVESTMENTS |
2024 | 2023 |
£ | £ |
Gold |
10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other creditors |
11. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Other creditors |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Other loans more 5yrs non-inst |
12. | LOANS |
An analysis of the maturity of loans is given below: |
2024 | 2023 |
£ | £ |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Other loans more 5yrs non-inst | 184,050 | 184,050 |
13. | DEFERRED TAX |
£ |
Balance at 1st September 2023 | ( |
) |
Provided during year |
Balance at 31st August 2024 | ( |
) |
14. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | 1 | 200,000 | 200,000 |
15. | RESERVES |
Revaluation |
reserve |
£ |
At 1st September 2023 |
and 31st August 2024 |
16. | CONTINGENT LIABILITIES |
There were no contingent liabilities as at 31st August 2024 or at 31st August 2023. |
Edwin Millen Estates Ltd (Registered number: 00800156) |
Notes to the Financial Statements - continued |
for the year ended 31st August 2024 |
17. | CAPITAL COMMITMENTS |
There were no capital commitments as at 31st August 2024 or at 31st August 2023. |