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Registration number: 12478344

Miller & Eanes Property Solutions Ltd
Unaudited Filleted Financial Statements
for the Year Ended 28 February 2025

Miller & Eanes Property Solutions Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 11

Miller & Eanes Property Solutions Ltd

Company Information

Directors | Mr James Stuart Miller Mr Scott Thomas Eanes Mrs Sarah Margaret Miller

Registered office | Unit 4a Artisans yard The Old Track,Claude Ave Bath BA2 1AF

Accountants | BJP Finance Ltd Chartered Accountants 34 Market Street Bradford-On-Avon Wiltshire BA15 1LL

Miller & Eanes Property Solutions Ltd

(Registration number: 12478344)
Balance Sheet as at 28 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 1,988 | 9,488
Tangible assets | 5 | 32,242 | 32,996
|  | 34,230 | 42,484
Current assets |  |  |
Debtors | 6 | 16,608 | 14,875
Cash at bank and in hand |  | 71 | 15,479
|  | 16,679 | 30,354
Creditors: Amounts falling due within one year | 7 | (232,199) | (99,196)
Net current liabilities |  | (215,520) | (68,842)
Total assets less current liabilities |  | (181,290) | (26,358)
Creditors: Amounts falling due after more than one year | 7 | (82,187) | (113,067)
Provisions for liabilities |  | (6,317) | (6,460)
Net liabilities |  | (269,794) | (145,885)
Capital and reserves |  |  |
Called up share capital | 8 | 2 | 2
Retained earnings |  | (269,796) | (145,887)
Shareholders' deficit |  | (269,794) | (145,885)

For the financial year ending 28 February 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 March 2026 and signed on its behalf by:

Miller & Eanes Property Solutions Ltd

(Registration number: 12478344)
Balance Sheet as at 28 February 2025

......................................... Mr James Stuart Miller Director

Miller & Eanes Property Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 4a
Artisans yard
The Old Track,Claude Ave
Bath
BA2 1AF
England

These financial statements were authorised for issue by the Board on 27 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Miller & Eanes Property Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures & Fittings | 20% straight line
Computer Equipment | 50% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Miller & Eanes Property Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

Miller & Eanes Property Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4 | Intangible assets

| Other intangible assets £ | Total £
Cost or valuation
At 1 March 2024 | 15,000 | 15,000
At 28 February 2025 | 15,000 | 15,000
Amortisation
At 1 March 2024 | 5,512 | 5,512
Amortisation charge | 7,500 | 7,500
At 28 February 2025 | 13,012 | 13,012
Carrying amount
At 28 February 2025 | 1,988 | 1,988
At 29 February 2024 | 9,488 | 9,488

5 | Tangible assets

| Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 March 2024 | 50,218 | 143 | 50,361
Additions | 9,446 | - | 9,446
At 28 February 2025 | 59,664 | 143 | 59,807
Depreciation
At 1 March 2024 | 17,341 | 24 | 17,365
Charge for the year | 10,186 | 14 | 10,200
At 28 February 2025 | 27,527 | 38 | 27,565
Carrying amount
At 28 February 2025 | 32,137 | 105 | 32,242
At 29 February 2024 | 32,877 | 119 | 32,996

Miller & Eanes Property Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

6 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 1,900 | 2,375
Other debtors | 14,708 | 12,500
| 16,608 | 14,875

Miller & Eanes Property Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 195,555 | 67,473
Trade creditors |  | 5,408 | -
Taxation and social security |  | 4,348 | 6,941
Accruals and deferred income |  | 1,439 | 13,789
Other creditors |  | 25,449 | 10,993
|  | 232,199 | 99,196

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 82,187 | 113,067

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Shares of £1 each | 2 | 2 | 2 | 2

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 69,187 | 100,067
Other borrowings | 13,000 | 13,000
| 82,187 | 113,067

Miller & Eanes Property Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 41,082 | 56,516
Bank overdrafts | 22,213 | -
Other borrowings | 132,260 | 10,957
| 195,555 | 67,473

10 | Related party transactions

Transactions with directors

2025 | At 1 March 2024 £ | Advances to director £ | Repayments by director £ | At 28 February 2025 £
Mr James Stuart Miller
Directors Loan Account | (4,353) | 37,802 | (44,076) | (10,627)
Mr Scott Thomas Eanes
Directors Loan Account | (6,604) | 12,110 | (14,705) | (9,199)
Mrs Sarah Margaret Miller
Director's Loan Account | - | - | (112,434) | (112,434)

2024 | At 1 March 2023 £ | Advances to director £ | Repayments by director £ | At 29 February 2024 £
Mr James Stuart Miller
Directors Loan Account | (4,765) | 20,230 | (19,818) | (4,353)
Mr Scott Thomas Eanes
Directors Loan Account | (3,537) | 10,975 | (14,042) | (6,604)

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 21,240 | 24,092

Miller & Eanes Property Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Other transactions with directors

At the balance sheet, the Directors had made loans to the Company totalling £132,260 (2024: £10,957). The loans are non-interest bearing and the Directors have committed to keep them in place for as long as the Company requires them.
HMRC VAT review:
The Company has been subject to an HMRC VAT review as to whether the Tour Operator's Margin Scheme is an appropriate VAT scheme for the Company to use based on their activities. The review is now complete and has determined that the Tour Operator's Margin Scheme is relevant only to contracts where Miller & Eanes is acting as an agent on behalf of the landlord and so this has led to a change in the VAT basis adopted from 1 December 2024. The financial impact of correcting previous quarters is currently not known as it is subject to the correction work being completed.