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REGISTERED NUMBER: 11226540 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

K & L MILLER PROPERTY FINANCE LTD

K & L MILLER PROPERTY FINANCE LTD (REGISTERED NUMBER: 11226540)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


K & L MILLER PROPERTY FINANCE LTD

COMPANY INFORMATION
for the Year Ended 28 February 2025







DIRECTORS: K Miller
Mrs L S Miller





REGISTERED OFFICE: 20 Field Lane
Warrington
WA4 5JR





REGISTERED NUMBER: 11226540 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

K & L MILLER PROPERTY FINANCE LTD (REGISTERED NUMBER: 11226540)

STATEMENT OF FINANCIAL POSITION
28 February 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 642 712

CURRENT ASSETS
Cash at bank and in hand 93,634 50,962

CREDITORS
Amounts falling due within one year 5 22,913 49,398
NET CURRENT ASSETS 70,721 1,564
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,363

2,276

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 71,361 2,274
SHAREHOLDERS' FUNDS 71,363 2,276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





K Miller - Director


K & L MILLER PROPERTY FINANCE LTD (REGISTERED NUMBER: 11226540)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

K & L Miller Property Finance Ltd 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.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Turnover
Turnover represents the value of services provided, excluding value added tax, during the year.

Turnover is recognised when the service has occured and an invoice is raised and sent to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Financial instruments
The company has elected to apply the provisions of FRS 102 Section 11 'Basic Financial Instruments' to all of its financial instruments.

The following assets and liabilities are classified as financial instruments; Directors' loan accounts and accruals.

Financial instruments that are payable or receivable within one year, typically Directors loan and accruals are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

K & L MILLER PROPERTY FINANCE LTD (REGISTERED NUMBER: 11226540)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2024 1,878
Additions 318
At 28 February 2025 2,196
DEPRECIATION
At 1 March 2024 1,166
Charge for year 388
At 28 February 2025 1,554
NET BOOK VALUE
At 28 February 2025 642
At 29 February 2024 712

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 20,193 2,017
Other creditors 2,720 47,381
22,913 49,398