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REGISTERED NUMBER: 01963589 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Markmill Limited

Markmill Limited (Registered number: 01963589)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Markmill Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr G N Pack
Mr A G Fortescue





REGISTERED OFFICE: Waterside Farm
West Brabourne
Ashford
Kent
TN25 5NA





REGISTERED NUMBER: 01963589 (England and Wales)





ACCOUNTANTS: Berry & Company
Chartered Accountants
Sterling House
7 Ashford Road
Maidstone
Kent
ME14 5BJ

Markmill Limited (Registered number: 01963589)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 426,882 426,882

CURRENT ASSETS
Debtors 5 500 6,614
Cash at bank 54,779 50,593
55,279 57,207
CREDITORS
Amounts falling due within one year 6 33,382 40,017
NET CURRENT ASSETS 21,897 17,190
TOTAL ASSETS LESS CURRENT
LIABILITIES

448,779

444,072

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 7 129,923 129,923
Retained earnings 308,856 304,149
SHAREHOLDERS' FUNDS 448,779 444,072

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 18 August 2025 and were signed on its behalf by:





Mr A G Fortescue - Director


Markmill Limited (Registered number: 01963589)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Markmill 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Turnover represents the fair value of consideration received or receivable derived from rents received during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Investment property
In accordance with Statement of Standard Accounting Practice number 19, interests in property which is held for its investment potential are carried in the balance sheet at their open market value. The directors consider that this accounting policy results in the accounts giving a true and fair view.

Changes in value are not taken to the profit and loss account but are disclosed as a movement on an investment revaluation reserve, unless the total of the reserve is insufficient to cover a deficit, in which case the shortfall is charged to the profit and loss account.

Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes 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.

Markmill Limited (Registered number: 01963589)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 December 2023
and 30 November 2024 426,882
NET BOOK VALUE
At 30 November 2024 426,882
At 30 November 2023 426,882

Cost or valuation at 30 November 2024 is represented by:

Land and
buildings
£   
Valuation in 1998 140,759
Valuation in 1999 (10,836 )
Cost 296,959
426,882

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

2024 2023
£    £   
Cost 296,959 296,959

The investment property was valued on a rent capitalisation basis on 30 November 1999 by the Directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 500 6,614

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 283 284
Taxation and social security 9,396 16,056
Other creditors 23,703 23,677
33,382 40,017

Markmill Limited (Registered number: 01963589)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. RESERVES
Revaluation
reserve
£   
At 1 December 2023
and 30 November 2024 129,923

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by virtue of their shareholdings.