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REGISTERED NUMBER: 03904216 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Millennium Realm Limited

Millennium Realm Limited (Registered number: 03904216)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Millennium Realm Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: Mrs S C Gordon





SECRETARY: Mrs S C Gordon





REGISTERED OFFICE: Studio 4
Royal Victoria Patriotic Building
John Archer Way
London
SW18 3SX





REGISTERED NUMBER: 03904216 (England and Wales)





ACCOUNTANTS: Marshall & Co
Chartered Accountants
& Chartered Tax Advisers
The Bloc
Springfield Way
Anlaby
Kingston upon Hull
East Yorkshire
HU10 6RJ

Millennium Realm Limited (Registered number: 03904216)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 600,000 600,000

CURRENT ASSETS
Debtors 5 70,780 69,250
Cash at bank 41,180 47,382
111,960 116,632
CREDITORS
Amounts falling due within one year 6 35,459 53,315
NET CURRENT ASSETS 76,501 63,317
TOTAL ASSETS LESS CURRENT
LIABILITIES

676,501

663,317

CREDITORS
Amounts falling due after more than one
year

7

53,675

60,008
NET ASSETS 622,826 603,309

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 142,158 142,158
Retained earnings 480,568 461,051
SHAREHOLDERS' FUNDS 622,826 603,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Millennium Realm Limited (Registered number: 03904216)

Balance Sheet - continued
31 March 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 director and authorised for issue on 26 March 2025 and were signed by:





Mrs S C Gordon - Director


Millennium Realm Limited (Registered number: 03904216)

Notes to the Financial Statements
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Millennium Realm 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

In accordance with FRS 102 the company does not depreciate investment properties. However, this is not in line with the provisions of the Companies Act 2006.. Investment properties are held for their investment potential and not for use by the company, therefore the current market value is deemed to be of fundamental importance to readers of the accounts. The departure from the provisions of the Act is required in order to give a true and fair view.

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.

3. EMPLOYEES AND DIRECTORS

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

Millennium Realm Limited (Registered number: 03904216)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 600,000
NET BOOK VALUE
At 31 March 2024 600,000
At 31 March 2023 600,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2009 430,000
Valuation in 2010 85,000
Valuation in 2011 (49,000 )
Valuation in 2012 134,000
600,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 457,842 457,842

The properties were valued on an open market basis on 31 January 2013 by the director, DA Gordon .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,692 9,692
Other debtors 61,088 59,558
70,780 69,250

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,588 14,884
Trade creditors 3,082 324
Taxation and social security 5,297 13,115
Other creditors 18,492 24,992
35,459 53,315

Millennium Realm Limited (Registered number: 03904216)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 53,675 60,008

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 19,323 21,603

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 142,158

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S C Gordon.