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REGISTERED NUMBER: 15171408 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

28 SEPTEMBER 2023 TO 30 SEPTEMBER 2024

FOR

MILL HOUSE PROPERTY LIMITED

MILL HOUSE PROPERTY LIMITED (REGISTERED NUMBER: 15171408)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 28 September 2023 to 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MILL HOUSE PROPERTY LIMITED

COMPANY INFORMATION
for the Period 28 September 2023 to 30 September 2024







DIRECTORS: J H Bartholomew
Mrs R M Bartholomew





REGISTERED OFFICE: Old Windmill
1 Mill Lane
Parbold
Lancashire
WN8 7NW





REGISTERED NUMBER: 15171408 (England and Wales)





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

MILL HOUSE PROPERTY LIMITED (REGISTERED NUMBER: 15171408)

BALANCE SHEET
30 September 2024

Notes £    £   
FIXED ASSETS
Investment property 4 281,675

CURRENT ASSETS
Debtors 5 1,785
Cash at bank and in hand 1,316
3,101
CREDITORS
Amounts falling due within one year 6 75,336
NET CURRENT LIABILITIES (72,235 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

209,440

CREDITORS
Amounts falling due after more than one
year

7

217,174
NET LIABILITIES (7,734 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (7,834 )
SHAREHOLDERS' FUNDS (7,734 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2024 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.

MILL HOUSE PROPERTY LIMITED (REGISTERED NUMBER: 15171408)

BALANCE SHEET - continued
30 September 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 Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:





J H Bartholomew - Director


MILL HOUSE PROPERTY LIMITED (REGISTERED NUMBER: 15171408)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 28 September 2023 to 30 September 2024

1. STATUTORY INFORMATION

Mill House Property 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.

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.

Impairment of assets
At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss.

Where an impairment loss subsequently reverses, the carrying amount of each asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

Financial instruments
The company only has basic financial instruments. The following assets and liabilities are classified as financial instruments; bank accounts, director's Loan Accounts, bank loans and accruals.

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

Financial instruments repayable in more than one year such as bank loans are initially measured at present value of the future paymants and subsequently at amortised cost using the effective interest method unless the effective rate of discounting would be immaterial.

Taxation
Taxation for the period 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.


MILL HOUSE PROPERTY LIMITED (REGISTERED NUMBER: 15171408)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 28 September 2023 to 30 September 2024

2. ACCOUNTING POLICIES - continued
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 period 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 period was 2 .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 281,675
At 30 September 2024 281,675
NET BOOK VALUE
At 30 September 2024 281,675

The directors consider the fair value of the investment property to not be materially different than stated in the accounts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 1,785

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 9,176
Trade creditors 1
Other creditors 66,159
75,336

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 217,174

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 180,469

MILL HOUSE PROPERTY LIMITED (REGISTERED NUMBER: 15171408)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 28 September 2023 to 30 September 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 226,350

Bank loans are secured by a legal charge over the property and by a personal guarantee by the director