REGISTERED NUMBER: 10848088 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

Millandale Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K C G Slack

REGISTERED OFFICE:

182 Derby Road

Ilkeston

Derbyshire

DE7 5FB

REGISTERED NUMBER:

10848088 (England and Wales)

ACCOUNTANTS:

Mabe Allen LLP

Chartered Accountants

The Old Manse

29 St. Mary Street

Ilkeston

Derbyshire

DE7 8AB

FIXED ASSETS

Investment property

4

1,155,426

1,155,426

CURRENT ASSETS

Debtors

5

25,000

-

Cash at bank

208,549

107,228

233,549

107,228

CREDITORS

Amounts falling due within one year

6

142,275

131,779

NET CURRENT ASSETS/(LIABILITIES)

91,274

(24,551

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,246,700

1,130,875

CREDITORS

Amounts falling due after more than one year

7

(598,955

)

(603,143

)

PROVISIONS FOR LIABILITIES

(39,074

)

(39,074

)

NET ASSETS

608,671

488,658

CAPITAL AND RESERVES

Called up share capital

9

100

100

Fair value reserve

10

121,229

121,229

Retained earnings

487,342

367,329

SHAREHOLDERS' FUNDS

608,671

488,658

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 4 September 2025 and were signed by:

K C G Slack - Director

1.	STATUTORY INFORMATION

Millandale 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 comprises rental income charged by the company and is accounted for on the accruals basis.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

and 30 June 2025

1,155,426

NET BOOK VALUE

At 30 June 2025

1,155,426

At 30 June 2024

1,155,426

The investment properties were valued on an open market basis by the director on 30 June 2025.

Fair value at 30 June 2025 is represented by:

£

Valuation in 2023

160,303

Cost

995,123

1,155,426

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

25,000

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

41,004

26,554

Other creditors

101,271

105,225

142,275

131,779

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

598,955

603,143

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Other creditors

392,500

392,500

The above creditors are secured by way of a fixed charge and first legal mortgage over freehold property.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Fair

value

reserve

£

At 1 July 2024

and 30 June 2025

121,229