Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-3017400004000000truefalse2023-10-0144trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03657362 2023-10-01 2024-09-30 03657362 2022-10-01 2023-09-30 03657362 2024-09-30 03657362 2023-09-30 03657362 2022-10-01 03657362 2 2023-10-01 2024-09-30 03657362 d:Director5 2023-10-01 2024-09-30 03657362 e:FreeholdInvestmentProperty 2023-10-01 2024-09-30 03657362 e:FreeholdInvestmentProperty 2024-09-30 03657362 e:FreeholdInvestmentProperty 2023-09-30 03657362 e:FreeholdInvestmentProperty 2 2023-10-01 2024-09-30 03657362 e:LeaseholdInvestmentProperty 2023-10-01 2024-09-30 03657362 e:LeaseholdInvestmentProperty 2024-09-30 03657362 e:LeaseholdInvestmentProperty 2023-09-30 03657362 e:LeaseholdInvestmentProperty 2 2023-10-01 2024-09-30 03657362 e:CurrentFinancialInstruments 2024-09-30 03657362 e:CurrentFinancialInstruments 2023-09-30 03657362 e:Non-currentFinancialInstruments 2024-09-30 03657362 e:Non-currentFinancialInstruments 2023-09-30 03657362 e:CurrentFinancialInstruments e:WithinOneYear 2024-09-30 03657362 e:CurrentFinancialInstruments e:WithinOneYear 2023-09-30 03657362 e:Non-currentFinancialInstruments e:AfterOneYear 2024-09-30 03657362 e:Non-currentFinancialInstruments e:AfterOneYear 2023-09-30 03657362 e:ShareCapital 2024-09-30 03657362 e:ShareCapital 2023-09-30 03657362 e:SharePremium 2024-09-30 03657362 e:SharePremium 2023-09-30 03657362 e:InvestmentPropertiesRevaluationReserve 2024-09-30 03657362 e:InvestmentPropertiesRevaluationReserve 2023-09-30 03657362 e:RetainedEarningsAccumulatedLosses 2024-09-30 03657362 e:RetainedEarningsAccumulatedLosses 2023-09-30 03657362 d:OrdinaryShareClass1 2023-10-01 2024-09-30 03657362 d:OrdinaryShareClass1 2024-09-30 03657362 d:OrdinaryShareClass2 2023-10-01 2024-09-30 03657362 d:OrdinaryShareClass2 2024-09-30 03657362 d:OrdinaryShareClass3 2023-10-01 2024-09-30 03657362 d:OrdinaryShareClass3 2024-09-30 03657362 d:FRS102 2023-10-01 2024-09-30 03657362 d:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 03657362 d:FullAccounts 2023-10-01 2024-09-30 03657362 d:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03657362 2 2023-10-01 2024-09-30 03657362 6 2023-10-01 2024-09-30 03657362 e:AcceleratedTaxDepreciationDeferredTax 2024-09-30 03657362 e:AcceleratedTaxDepreciationDeferredTax 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03657362









MILTON HALL ESTATES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
MILTON HALL ESTATES LIMITED
REGISTERED NUMBER: 03657362

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Investments
 4 
-
2,016,262

Investment property
 5 
870,000
2,000,000

  
870,000
4,016,262

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
2,831,893
462,912

Current asset investments
 7 
901,221
-

Cash at bank and in hand
  
52,301
545,156

  
3,785,415
1,008,068

Creditors: amounts falling due within one year
 8 
(161,496)
(127,403)

NET CURRENT ASSETS
  
 
 
3,623,919
 
 
880,665

TOTAL ASSETS LESS CURRENT LIABILITIES
  
4,493,919
4,896,927

Creditors: amounts falling due after more than one year
 9 
(1,292,333)
(1,370,909)

NET ASSETS
  
3,201,586
3,526,018


CAPITAL AND RESERVES
  

Called up share capital 
 11 
120
120

Share premium account
  
461,903
461,903

Investment property reserve
  
-
154,936

Profit and loss account
  
2,739,563
2,909,059

  
3,201,586
3,526,018


Page 1

 
MILTON HALL ESTATES LIMITED
REGISTERED NUMBER: 03657362
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A J Purnell
Director

Date: 14 March 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MILTON HALL ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


GENERAL INFORMATION

Milton Hall Estates Limited is a private company limited by shares and incorporated in England and Wales. The Company's registered office is Milton Hall, Ely Road, Milton, Cambridge, CB24 6WZ.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover comprises revenue recognised by the Company during the year in respect of rental income, dividend income and other sundry income, exclusive of Value Added Tax. Revenue is recognised as the fair value of the consideration received or receivable and is recognised over the period to which the income relates.

 
2.3

VALUATION OF INVESTMENTS

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Current asset investments are held at cost and subsequently remeasured at their fair value.

 
2.4

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by the directors based on professional advice received and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Profit and Loss Account.

 
2.5

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
MILTON HALL ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

DIVIDENDS

Equity dividends are recognised when they become legally payable.

 
2.10

PENSIONS

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Profit and Loss Account when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.11

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
MILTON HALL ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.12

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


4.


FIXED ASSET INVESTMENTS





Listed investments
Other fixed asset investments
Total

£
£
£





At 1 October 2023
1,999,204
17,058
2,016,262


Additions
614,170
-
614,170


Disposals
(2,695,021)
(17,058)
(2,712,079)


Revaluations
81,647
-
81,647



At 30 September 2024
-
-
-




Page 5

 
MILTON HALL ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


INVESTMENT PROPERTY


Freehold investment property
Long term leasehold investment property
Total

£
£
£



VALUATION


At 1 October 2023
1,750,000
250,000
2,000,000


Disposals
(925,000)
-
(925,000)


Deficit on revaluation
(205,000)
-
(205,000)



AT 30 SEPTEMBER 2024
620,000
250,000
870,000


COMPRISING


Cost
1,139,596
467,202
1,606,798

Annual revaluation surplus/(deficit):



2013-2021
(62,673)
(157,202)
(219,875)

2022
(251,923)
-
(251,923)

2023
-
(60,000)
(60,000)

2024
(205,000)
-
(205,000)

At 30 September 2024
620,000
250,000
870,000

The 2024 valuations were made by the directors, based on professional advice received, on an open market value for existing use basis.





6.


DEBTORS

2024
2023
£
£


Trade debtors
-
373

Amounts owed by group undertakings
236,146
442,677

Other debtors
2,581,436
-

Prepayments and accrued income
3,212
7,177

Deferred taxation
11,099
12,685

2,831,893
462,912


Page 6

 
MILTON HALL ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


CURRENT ASSET INVESTMENTS

2024
2023
£
£

Unlisted investments
901,221
-



8.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
22,620
3,403

Corporation tax
-
1,508

Other taxation and social security
5,942
915

Other creditors
113,924
105,480

Accruals and deferred income
19,010
16,097

161,496
127,403



9.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Other creditors
1,292,333
1,370,909


Page 7

 
MILTON HALL ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


DEFERRED TAXATION




2024
2023


£

£






At beginning of year
12,685
55,475


Charged to profit or loss
(1,586)
(42,790)



AT END OF YEAR
11,099
12,685

The deferred tax asset is made up as follows:

2024
2023
£
£


Excess of depreciation over capital allowances
11,099
12,685

11,099
12,685


11.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



525 Ordinary A shares of £0.10 each
52.50
52.50
496 Ordinary B shares of £0.10 each
49.60
49.60
175 Ordinary C shares of £0.10 each
17.50
17.50

119.60

119.60


 
Page 8