2024-11-01 2025-10-31 02453996 Millhead (Properties) Limited false 02453996 2024-11-01 2025-10-31 02453996 uk-bus:Director1 2024-11-01 2025-10-31 02453996 uk-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 02453996 uk-bus:SmallEntities 2024-11-01 2025-10-31 02453996 uk-bus:FullAccounts 2024-11-01 2025-10-31 02453996 uk-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 02453996 2024-11-01 02453996 2025-10-31 02453996 2024-10-31 xbrli:pure iso4217:GBP 02453996 2023-11-01 2024-10-31

Company Registration Number : 02453996 (England and Wales)
02453996
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2025-10-31
false
Millhead (Properties) Limited
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2024-11-01
Millhead (Properties) Limited Unaudited filleted financial statements For the year ended 31 October 2025

Millhead (Properties) Limited Contents For the year ended 31 October 2025

CONTENTS | PAGE
Company Information | 3
Statement of Financial Position | 4
Notes to the Financial Statements | 5 - 6

Millhead (Properties) Limited Company Information For the year ended 31 October 2025

Company registration number |  | 02453996 (England and Wales)
Directors |  | Marlene Reeves
|  | Antony Reeves
Registered office address |  | 75 Mutley Plain
|  | Plymouth
|  | PL4 6JJ
Accountant |  | Alan Forrester & Co Ltd
|  | Chartered Management Accountants
|  | 75 Mutley Plain
|  | Plymouth
|  | PL4 6JJ

Millhead (Properties) Limited Statement of Financial Position For the year ended 31 October 2025

|  |  | 2025 |  | 2024
| Notes |  | £ |  | £
Fixed assets |  |  |  |  |
Property, plant and equipment |  |  | 2,263,148 |  | 1,941,336
| 5 |  | 2,263,148 |  | 1,941,336
Current assets |  |  |  |  |
Debtors |  |  | 131,371 |  | 351,705
Cash and cash equivalents |  |  | 584,967 |  | 512,666
|  |  | 716,338 |  | 864,370
Current liabilities |  |  |  |  |
Creditors: Amounts falling due within one year |  |  | (177,501) |  | (175,151)
Corporation tax payable |  |  | - |  | (10,990)
|  |  | (177,501) |  | (186,141)
Net current assets/(liabilities) |  |  | 538,837 |  | 678,229
Total assets less current liabilities |  |  | 2,801,985 |  | 2,619,565
Non-current liabilities |  |  |  |  |
Provisions for liabilities |  |  | (256,185) |  | (170,588)
Net assets/(liabilities) |  |  | 2,545,800 |  | 2,448,977
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 217,002 |  | 217,002
Revaluation reserve |  |  | 1,267,869 |  | 925,481
Retained earnings |  |  | 1,060,929 |  | 1,306,494
Shareholder's funds |  |  | 2,545,800 |  | 2,448,977
For the year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A. The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
For the year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 25 March 2026
.............................
Marlene Reeves (Director)
Company registration number: 02453996

/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */

Balance sheet at 2025-10-31 31 October 2025
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Fixed Assets |  |  |  | 2,263,148 |  | 1,941,336
Current Assets |  |  |  | 705,388 |  | 858,370
Cash in Hand/Bank |  |  |  | 584,967 |  | 512,666
Prepayments and accrued income |  |  |  | 10,950 |  | 6,000
Creditors: amounts falling due within one year |  |  |  | (177,501) |  | (186,141)
Net current assets/(liabilities) |  |  |  | 538,837 |  | 678,229
Total assets less current liabilities |  |  |  | 2,801,985 |  | 2,619,565
Provisions for liabilities |  |  |  | (256,185) |  | (170,588)
Net Assets/(liabilities) |  |  |  | 2,545,800 |  | 2,448,977
Capital and Reserves |  |  |  | 2,545,800 |  | 2,448,977
Called up share capital |  |  |  | 217,002 |  | 217,002
Profit and loss account |  |  |  | 2,328,798 |  | 2,231,975
SHAREHOLDER'S FUND |  |  |  | 2,545,800 |  | 2,448,977
For the year ending 31/10/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 31-10-2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 25 March 2026 2026-03-25 and signed on behalf of the board, |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
Marlene Reeves |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |
Company registration number: 02453996 |  |  |  |  |  |  |  |  |  |

Millhead (Properties) Limited Notes to the Financial Statements For the year ended 31 October 2025

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 75 Mutley Plain, Plymouth, PL4 6JJ.
(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.
(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes rental income.
Property, plant and equipment
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Freehold buildings - over 50 years Fixtures, fittings, tools and equipment - over 5 years
Asset class and depreciation rate
Land and Buildings | 2% straight line
Plant and Machinery |
Short Leasehold Properties |
Investment Properties |
Long Leasehold Properties |
Commercial Vehicles |
Fixtures and Fittings | 20% reducing balance
Equipment |
Motor Cars |
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, cash and cash equivalents, trade and other payables, and loans and borrowings. Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instruments. Financial assets and financial liabilities are initially measured at fair value.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other payables
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred Tax
A deferred tax asset or liability is recognised for tax recoverable or payable in future periods in respect of transactions and events recognised in the financial statements of current and previous periods. Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. Timing differences result from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is recognised on all timing differences at the reporting date apart from certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
(4) Employees
During the year, the average number of employees including director was 1 (2024 : 1).
(5) Fixed assets
| Tangible £
Cost |
As at 01 November 2024 | 2,171,988
Additions | 21,612
Revaluation | 342,388
As at 31 October 2025 | 2,535,988
Depreciation/Amortisation |
As at 01 November 2024 | 230,652
For the year | 42,188
As at 31 October 2025 | 272,840
Net book value |
As at 31 October 2025 | 2,263,148
As at 31 October 2024 | 1,941,336
(6) Other information
Millhead (Properties) is a private company limited by shares and incorporated in England. Its registered office is: c/o Alan Forrester & Co Ltd 75 Mutley Plain Plymouth Devon PL4 6JJ