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REGISTERED NUMBER: 03252933 (England and Wales)















MILL STREET PROPERTY LIMITED

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2023 TO 30 JUNE 2024






MILL STREET PROPERTY LIMITED (REGISTERED NUMBER: 03252933)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MILL STREET PROPERTY LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024







DIRECTOR: M Jenkins





REGISTERED OFFICE: 8 Church Green East
Redditch
Worcestershire
B98 8BP





REGISTERED NUMBER: 03252933 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

MILL STREET PROPERTY LIMITED (REGISTERED NUMBER: 03252933)

ABRIDGED BALANCE SHEET
30 JUNE 2024

30.6.24 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 845 1,929
Investments 5 135,586 122,723
136,431 124,652

CURRENT ASSETS
Debtors 130,452 57,335
Cash at bank 156,155 460,632
286,607 517,967
CREDITORS
Amounts falling due within one year 404,995 283,454
NET CURRENT (LIABILITIES)/ASSETS (118,388 ) 234,513
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,043

359,165

PROVISIONS FOR LIABILITIES 8,970 7,078
NET ASSETS 9,073 352,087

CAPITAL AND RESERVES
Called up share capital 500 500
Capital redemption reserve 500 500
Retained earnings 8,073 351,087
SHAREHOLDERS' FUNDS 9,073 352,087

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MILL STREET PROPERTY LIMITED (REGISTERED NUMBER: 03252933)

ABRIDGED BALANCE SHEET - continued
30 JUNE 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 February 2025 and were signed by:





M Jenkins - Director


MILL STREET PROPERTY LIMITED (REGISTERED NUMBER: 03252933)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024


1. STATUTORY INFORMATION

Mill Street Property Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents contract and project fees receivable by the company, net of value added tax.

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 etc - 33% on cost

Taxation
Taxation for the period 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 period 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.

Listed investments
Listed investments are stated at fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

MILL STREET PROPERTY LIMITED (REGISTERED NUMBER: 03252933)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 30 June 2024 2,171
DEPRECIATION
At 1 January 2023 242
Charge for period 1,084
At 30 June 2024 1,326
NET BOOK VALUE
At 30 June 2024 845
At 31 December 2022 1,929

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 January 2023 122,723
Additions 3,326
Disposals (797 )
Revaluations 10,334
At 30 June 2024 135,586
NET BOOK VALUE
At 30 June 2024 135,586
At 31 December 2022 122,723

Cost or valuation at 30 June 2024 is represented by:
Totals
£   
Valuation in 2014 36,040
Valuation in 2015 1,114
Valuation in 2016 2,360
Valuation in 2017 4,387
Valuation in 2018 (14,756 )
Valuation in 2019 14,394
Valuation in 2020 (18,626 )
Valuation in 2021 14,629
Valuation in 2022 (3,510 )
Valuation in 2024 10,334
Cost 89,220
135,586

MILL STREET PROPERTY LIMITED (REGISTERED NUMBER: 03252933)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024


5. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued they would have been included at the following historical cost:

30.6.24 31.12.22
£    £   
Cost 89,220 87,397

Fixed asset investments were valued on an open market basis on 28 June 2024 by the company's investment managers .

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 June 2024 and the year ended 31 December 2022:

30.6.24 31.12.22
£    £   
M Jenkins
Balance outstanding at start of period (85,140 ) (91,033 )
Amounts advanced 188,213 6,557
Amounts repaid (36,413 ) (664 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 66,660 (85,140 )

The amount due from the director has been repaid.

7. RELATED PARTY DISCLOSURES

During the year, the company provided management services, at market value, in respect of assets owned by the director.

8. ULTIMATE CONTROLLING PARTY

The controlling party is M Jenkins.