Silverfin false false 30/09/2024 01/10/2023 30/09/2024 Adrian Hobbs 12/06/2001 Daniel Salt 12/06/2001 Pauline Salt 14/03/2007 21 February 2025 The principal activity of the Company during the financial year was that of property development and investment. 04232790 2024-09-30 04232790 bus:Director1 2024-09-30 04232790 bus:Director2 2024-09-30 04232790 bus:Director3 2024-09-30 04232790 2023-09-30 04232790 core:CurrentFinancialInstruments 2024-09-30 04232790 core:CurrentFinancialInstruments 2023-09-30 04232790 core:ShareCapital 2024-09-30 04232790 core:ShareCapital 2023-09-30 04232790 core:RetainedEarningsAccumulatedLosses 2024-09-30 04232790 core:RetainedEarningsAccumulatedLosses 2023-09-30 04232790 core:CostValuation 2023-09-30 04232790 core:CostValuation 2024-09-30 04232790 2023-10-01 2024-09-30 04232790 bus:FilletedAccounts 2023-10-01 2024-09-30 04232790 bus:SmallEntities 2023-10-01 2024-09-30 04232790 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04232790 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04232790 bus:Director1 2023-10-01 2024-09-30 04232790 bus:Director2 2023-10-01 2024-09-30 04232790 bus:Director3 2023-10-01 2024-09-30 04232790 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Company No: 04232790 (England and Wales)

MILLWOOD PROPERTY INVESTMENTS MANAGEMENT COMPANY LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

MILLWOOD PROPERTY INVESTMENTS MANAGEMENT COMPANY LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

MILLWOOD PROPERTY INVESTMENTS MANAGEMENT COMPANY LIMITED

COMPANY INFORMATION

For the financial year ended 30 September 2024
MILLWOOD PROPERTY INVESTMENTS MANAGEMENT COMPANY LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2024
DIRECTORS Adrian Hobbs
Daniel Salt
Pauline Salt
SECRETARY Daniel Salt
REGISTERED OFFICE Unit 3 Dean Court Business Park
Lower Dean
Buckfastleigh
TQ11 0LT
United Kingdom
COMPANY NUMBER 04232790 (England and Wales)
ACCOUNTANT Old Mill Accountancy Limited
Leeward House
Fitzroy Road
Exeter Business Park
Exeter
Devon
EX1 3LJ
MILLWOOD PROPERTY INVESTMENTS MANAGEMENT COMPANY LIMITED

BALANCE SHEET

As at 30 September 2024
MILLWOOD PROPERTY INVESTMENTS MANAGEMENT COMPANY LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 130,144 130,144
130,144 130,144
Current assets
Debtors 4 9 13
Cash at bank and in hand 2,261 3,400
2,270 3,413
Creditors: amounts falling due within one year 5 ( 1,059) ( 960)
Net current assets 1,211 2,453
Total assets less current liabilities 131,355 132,597
Net assets 131,355 132,597
Capital and reserves
Called-up share capital 100,000 100,000
Profit and loss account 31,355 32,597
Total shareholders' funds 131,355 132,597

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Millwood Property Investments Management Company Limited (registered number: 04232790) were approved and authorised for issue by the Board of Directors on 21 February 2025. They were signed on its behalf by:

Daniel Salt
Director
MILLWOOD PROPERTY INVESTMENTS MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
MILLWOOD PROPERTY INVESTMENTS MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Millwood Property Investments Management Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 3 Dean Court Business Park, Lower Dean, Buckfastleigh, TQ11 0LT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

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

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 October 2023 130,144
At 30 September 2024 130,144
Carrying value at 30 September 2024 130,144
Carrying value at 30 September 2023 130,144

4. Debtors

2024 2023
£ £
VAT recoverable 9 13

5. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals 1,059 960