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REGISTERED NUMBER: 01919691 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24 JUNE 2024

FOR

MILLBANK MANAGEMENT (MARLOW) LIMITED

MILLBANK MANAGEMENT (MARLOW) LIMITED (REGISTERED NUMBER: 01919691)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MILLBANK MANAGEMENT (MARLOW) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 24 JUNE 2024







DIRECTORS: Mr A T Hilton
Ms J A Mindry
Mr D J Barton
Mr S K Funnell
Dr C T Eyles
Mr R J Stone





SECRETARY: Mr S K Funnell





REGISTERED OFFICE: Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN





REGISTERED NUMBER: 01919691 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

MILLBANK MANAGEMENT (MARLOW) LIMITED (REGISTERED NUMBER: 01919691)

BALANCE SHEET
24 JUNE 2024

24.6.24 24.6.23
Notes £    £   
CURRENT ASSETS
Debtors 4 1,387 1,348
Cash at bank 28,407 36,814
29,794 38,162
CREDITORS
Amounts falling due within one year 5 1,401 1,294
NET CURRENT ASSETS 28,393 36,868
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,393

36,868

RESERVES
Income and expenditure account 6 28,393 36,868
28,393 36,868

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 June 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 surplus or deficit 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 18 March 2025 and were signed on its behalf by:




Mr A T Hilton - Director



Mr S K Funnell - Director


MILLBANK MANAGEMENT (MARLOW) LIMITED (REGISTERED NUMBER: 01919691)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 JUNE 2024

1. STATUTORY INFORMATION

Millbank Management (Marlow) Limited is a private company, limited by guarantee , 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.

Turnover
Turnover represents the collection of services charges, value added tax is not applicable.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
24.6.24 24.6.23
£    £   
Insurance prepayment 550 514
Maintenance prepayment 150 147
Loan to Landcroft Ltd 687 687
1,387 1,348

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
24.6.24 24.6.23
£    £   
Accountancy 866 865
Trust and Estate tax 175 69
Loan from Landcroft Ltd 360 360
1,401 1,294

6. RESERVES

Reserves as at 24 June20242023
General reserves£13,135£22,616
Due from Landcroft Limited£687£,687
Total£13,822£23,303
Lift fund£14,571£13,565
Total reserves£28,393£36,868

7. ULTIMATE CONTROLLING PARTY

The company is limited by guarantee and does not have share capital. Therefore there is no ultimate controlling party.

MILLBANK MANAGEMENT (MARLOW) LIMITED (REGISTERED NUMBER: 01919691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 24 JUNE 2024

8. LOAN TO LANDCROFT

Costs of £9,722 were incurred in acquiring a strip of land in 2011. These costs were paid by Millbank Management (Marlow) Ltd on behalf of Landcroft Ltd. Ownership of Landcroft Ltd is held equally among the 14 shareholders. The funds used by Millbank Management (Marlow) Ltd for this acquisition were not raised in the same equal proportions. This has caused different amounts to be borne by each participant in Millbank Management (Marlow) Ltd. To resolve the discrepancy, and after taking professional advice, the directors reduced the 2017/18 service charge and requested shareholders repay equal £695 shares of the £9,722 loan. All shareholders did so except flats 1 and 5. In 2021, the balance due from flat 5 was deemed irrecoverable and the outstanding loan was therefore £687 at the year end.