MILLARS GROUP LIMITED

Company Registration Number:
11369528 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

MILLARS GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

MILLARS GROUP LIMITED

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 3,997,906 3,996,351
Total fixed assets: 3,997,906 3,996,351
Current assets
Debtors:   45,937 41,789
Cash at bank and in hand: 26,646 36,663
Total current assets: 72,583 78,452
Creditors: amounts falling due within one year:   (73,173) (57,853)
Net current assets (liabilities): (590) 20,599
Total assets less current liabilities: 3,997,316 4,016,950
Creditors: amounts falling due after more than one year:   (2,892,921) (2,921,124)
Total net assets (liabilities): 1,104,395 1,095,826
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:41,066,0661,066,066
Profit and loss account: 38,229 29,660
Shareholders funds: 1,104,395 1,095,826

The notes form part of these financial statements

MILLARS GROUP LIMITED

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 May 2025
and signed on behalf of the board by:

Name: A Johnson-Clarke
Status: Director

The notes form part of these financial statements

MILLARS GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold land and buildings Lower of cost or realisable value Fixtures and fittings 20% Straight Line Basis The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

MILLARS GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

MILLARS GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 3,996,629
Additions 2,211
At 31 May 2024 3,998,840
Depreciation
At 01 June 2023 278
Charge for year 656
At 31 May 2024 934
Net book value
At 31 May 2024 3,997,906
At 31 May 2023 3,996,351

MILLARS GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Revaluation reserve

2024
£
Balance at 01 June 2023 1,066,066
Surplus or deficit after revaluation 0
Balance at 31 May 2024 1,066,066