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Company No: 03507535 (England and Wales)

# MILLER COMMERCIAL VALUERS LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

MILLER COMMERCIAL VALUERS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

MILLER COMMERCIAL VALUERS LIMITED

## BALANCE SHEET

As at 31 March 2025
MILLER COMMERCIAL VALUERS LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 31.03.2025 |  | 31.03.2024
|  | £ |  | £
Current assets |  |  |  |
Stocks |  | 5,500 |  | 500
Debtors | 4 | 92,688 |  | 98,588
Cash at bank and in hand |  | 69,585 |  | 15,874
|  | 167,773 |  | 114,962
Creditors: amounts falling due within one year | 5 | ( 118,735) |  | ( 45,510)
Net current assets |  | 49,038 |  | 69,452
Total assets less current liabilities |  | 49,038 |  | 69,452
Provision for liabilities |  | 517 |  | 517
Net assets |  | 49,555 |  | 69,969
Capital and reserves |  |  |  |
Called-up share capital | 6 | 1,000 |  | 1,000
Profit and loss account |  | 48,555 |  | 68,969
Total shareholders' funds |  | 49,555 |  | 69,969

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Miller Commercial Valuers Limited (registered number: 03507535) were approved and authorised for issue by the Board of Directors on 05 September 2025. They were signed on its behalf by:

Mr M S Nightingale Director |

MILLER COMMERCIAL VALUERS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
MILLER COMMERCIAL VALUERS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

##### General information and basis of accounting

Miller Commercial Valuers Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales.
The address of the Company's registered office is:
2 Old Bridge Street
Truro, Cornwall
United Kingdom
TR1 2AQ
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard' applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Office equipment | 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Stocks

Work in progress is stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

##### Financial instruments

Classification
The company holds the following financial instruments
• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

#### 2. Employees

| Year ended 31.03.2025 |  | Period from 01.05.2023 to 31.03.2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 0 |  | 0

#### 3. Tangible assets

| Office equipment |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 45,364 |  | 45,364
At 31 March 2025 | 45,364 |  | 45,364
Accumulated depreciation |  |  |
At 01 April 2024 | 45,364 |  | 45,364
At 31 March 2025 | 45,364 |  | 45,364
Net book value |  |  |
At 31 March 2025 | 0 |  | 0
At 31 March 2024 | 0 |  | 0

#### 4. Debtors

| 31.03.2025 |  | 31.03.2024
| £ |  | £
Trade debtors | 72,586 |  | 72,448
Amounts owed by related parties | 0 |  | 21,959
Other debtors | 20,102 |  | 4,181
| 92,688 |  | 98,588

#### 5. Creditors: amounts falling due within one year

| 31.03.2025 |  | 31.03.2024
| £ |  | £
Trade creditors | 15,045 |  | 569
Amounts owed to related parties | 50,540 |  | 0
Corporation tax | 15,094 |  | 15,401
Other taxation and social security | 8,670 |  | 8,137
Other creditors | 29,386 |  | 21,403
| 118,735 |  | 45,510

#### 6. Called-up share capital

| 31.03.2025 |  | 31.03.2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1,000 Ordinary shares of £ 1.00 each | 1,000 |  | 1,000