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REGISTERED NUMBER: 12393364 (England and Wales)















TN MILLS PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025






TN MILLS PROPERTIES LIMITED (REGISTERED NUMBER: 12393364)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TN MILLS PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: T N Mills
Mrs H E Mills





REGISTERED OFFICE: 424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: 12393364 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

TN MILLS PROPERTIES LIMITED (REGISTERED NUMBER: 12393364)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £   
FIXED ASSETS
Investment property 4 2,597,182 2,200,690

CURRENT ASSETS
Debtors 5 1,228 831
Cash at bank 2,184 2,597
3,412 3,428
CREDITORS
Amounts falling due within one year 6 (413,420 ) (311,813 )
NET CURRENT LIABILITIES (410,008 ) (308,385 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,187,174

1,892,305

CREDITORS
Amounts falling due after more than one
year

7

(1,727,742

)

(1,406,895

)

PROVISIONS FOR LIABILITIES (194,824 ) (186,447 )
NET ASSETS 264,608 298,963

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 264,605 298,960
264,608 298,963

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

TN MILLS PROPERTIES LIMITED (REGISTERED NUMBER: 12393364)

BALANCE SHEET - continued
31 JANUARY 2025


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 20 May 2025 and were signed on its behalf by:





T N Mills - Director


TN MILLS PROPERTIES LIMITED (REGISTERED NUMBER: 12393364)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

TN Mills Properties 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

TN MILLS PROPERTIES LIMITED (REGISTERED NUMBER: 12393364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024 2,200,690
Additions 341,492
Revaluations 55,000
At 31 January 2025 2,597,182
NET BOOK VALUE
At 31 January 2025 2,597,182
At 31 January 2024 2,200,690

Fair value at 31 January 2025 is represented by:
£   
Valuation in 2022 1,042,800
Valuation in 2023 652,929
Valuation in 2024 504,961
Valuation in 2025 396,492
2,597,182

If investment property had not been revalued it would have been included at the following historical cost:

2025 2024
£    £   
Cost 1,079,251 1,079,251

Investment property was valued on an open market basis on 31 January 2023 by Oakwood Homes .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Sundry debtors 150 625
Prepayments 1,078 206
1,228 831

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Sundry creditors 758 758
Mills Developers Ltd 41,172 19,902
Directors' current accounts 370,277 289,513
Accrued expenses 1,213 1,640
413,420 311,813

TN MILLS PROPERTIES LIMITED (REGISTERED NUMBER: 12393364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 1,727,742 1,406,895