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REGISTERED NUMBER: 06516959 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

MILL FARM ESTATES LIMITED

MILL FARM ESTATES LIMITED (REGISTERED NUMBER: 06516959)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MILL FARM ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: J F Illsley
M E Illsley
P Hallows
P J Illsley





SECRETARY: M E Illsley





REGISTERED OFFICE: Victoria House
26 Queen Victoria Street
Reading
Berkshire
RG1 1TG





REGISTERED NUMBER: 06516959 (England and Wales)

MILL FARM ESTATES LIMITED (REGISTERED NUMBER: 06516959)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
CURRENT ASSETS
Debtors 4 1,104,751 986,482
Cash at bank and in hand 360,931 510,561
1,465,682 1,497,043
CREDITORS
Amounts falling due within one year 5 685,206 763,168
NET CURRENT ASSETS 780,476 733,875
TOTAL ASSETS LESS CURRENT
LIABILITIES

780,476

733,875

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings 779,376 732,775
SHAREHOLDERS' FUNDS 780,476 733,875

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.

MILL FARM ESTATES LIMITED (REGISTERED NUMBER: 06516959)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 6 March 2025 and were signed on its behalf by:





J F Illsley - Director


MILL FARM ESTATES LIMITED (REGISTERED NUMBER: 06516959)

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

1. STATUTORY INFORMATION

Mill Farm Estates Limited is a private company, limited by shares, registered in England and Wales. The company's registered office is Victoria House, 26 Queen Victoria Street, Reading, Berkshire, RG1 1TG.

The principal activity of the company is the operation of a wedding venue.

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.

The financial statements are presented in Pound Sterling (£), which is also the functional currency of the company.

Going Concern
The directors are not aware of any material uncertainties that may cast significant doubt over the ability of the company to continue trading. The preparation of the financial statements on the going concern basis is therefore deemed appropriate.

Turnover
Turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax.

Revenue is recognised at the date when the venue is supplied to the customer, or in the case of cancelled events, on the date that the cancellation occurs.


MILL FARM ESTATES LIMITED (REGISTERED NUMBER: 06516959)

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

2. ACCOUNTING POLICIES - continued
Taxation
Tax on profit represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from the profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the year.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities and the corresponding tax bases used to compute taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for temporary differences to the extent that it is probable that taxable profits will be available to utilise the timing difference.

Deferred tax liabilities and assets are measured at tax rates that are expected to apply in the period the
liability is settled or the asset realised. The measurement of deferred tax liabilities and assets reflects the tax consequences in which the company expects to recover or settle the underlying amount of its assets and liabilities.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from bank and other third parties, and loans to related parties.

Short term debtors are measured at transaction price, less any impairment. Short term creditors are measured at transaction price.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. DEBTORS
30.9.24 30.9.23
£    £   
Amounts falling due within one year:
Trade debtors 8,333 -
Other debtors 866,001 756,065
874,334 756,065

MILL FARM ESTATES LIMITED (REGISTERED NUMBER: 06516959)

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

4. DEBTORS - continued
30.9.24 30.9.23
£    £   
Amounts falling due after more than one year:
Other debtors 230,417 230,417

Aggregate amounts 1,104,751 986,482

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 19,620 2,393
Taxation and social security 165,916 138,593
Other creditors 499,670 622,182
685,206 763,168

6. DIRECTORS' ADVANCES

The following advances to the directors subsisted during the year:

At 01.10.23AdvancedAt 30.09.24
£££
Director 1368,80758,423427,230
Director 2368,80758,422427,229
Total737,614116,845854,459