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REGISTERED NUMBER: SC672726 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

MILLAR'S PROPERTY GROUP LTD

MILLAR'S PROPERTY GROUP LTD (REGISTERED NUMBER: SC672726)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MILLAR'S PROPERTY GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: G M Phimister
C J Millar





REGISTERED OFFICE: Flat 1/2
22 Park Quadrant
Glasgow
G3 6BN





REGISTERED NUMBER: SC672726 (Scotland)





ACCOUNTANT: John Murphy & Company (Scotland) Limited
Chartered Accountants
Castle Chambers
67 Main Street
Bothwell
Lanarkshire
G71 8ER

MILLAR'S PROPERTY GROUP LTD (REGISTERED NUMBER: SC672726)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,927 212

CURRENT ASSETS
Debtors 5 4,631 1,388
Cash at bank 21,425 18,850
26,056 20,238
CREDITORS
Amounts falling due within one year 6 20,514 31,808
NET CURRENT ASSETS/(LIABILITIES) 5,542 (11,570 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,469

(11,358

)

PROVISIONS FOR LIABILITIES 7 2,015 -
NET ASSETS/(LIABILITIES) 11,454 (11,358 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 11,452 (11,360 )
SHAREHOLDERS' FUNDS 11,454 (11,358 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2025 and were signed on its behalf by:





G M Phimister - Director


MILLAR'S PROPERTY GROUP LTD (REGISTERED NUMBER: SC672726)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Millar's Property Group Ltd is a private company, limited by shares , registered in Scotland. 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.

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.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

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.

Going concern
The financial statements have been prepared on a going concern basis, the validity of which depends on future support being available from the company's directors. At the date of signing these financial statements, this support has been secured.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

MILLAR'S PROPERTY GROUP LTD (REGISTERED NUMBER: SC672726)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 536 - 536
Additions - 8,970 8,970
At 30 September 2024 536 8,970 9,506
DEPRECIATION
At 1 October 2023 324 - 324
Charge for year 134 1,121 1,255
At 30 September 2024 458 1,121 1,579
NET BOOK VALUE
At 30 September 2024 78 7,849 7,927
At 30 September 2023 212 - 212

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Directors' current accounts 3,020 -
Prepayments 1,611 1,388
4,631 1,388

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 291 -
Corporation tax 14,952 -
Payroll taxation 1,059 (201 )
VAT 2,760 4,550
Directors' current accounts 216 26,456
Accrued charges 1,236 1,003
20,514 31,808

7. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 2,015 -

Deferred
tax
£   
Provided during year 2,015
Balance at 30 September 2024 2,015

MILLAR'S PROPERTY GROUP LTD (REGISTERED NUMBER: SC672726)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
C J Millar
Balance outstanding at start of year - -
Amounts advanced 3,020 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,020 -

9. ULTIMATE CONTROLLING PARTY

The company was under the control of Gerrard Phimister and Charles Millar throughout the accounting period.