REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
28 SEPTEMBER 2023 TO 30 SEPTEMBER 2024 |
FOR |
MILL HOUSE PROPERTY LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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 were approved by the Board of Directors and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
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 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts |
Trade creditors |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Bank loans |
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 |
Bank loans are secured by a legal charge over the property and by a personal guarantee by the director |