REGISTERED NUMBER: 09673994 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Mill House Properties (Cornwall) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T D Crapp

REGISTERED OFFICE:

Trevow

Tregrehan Mills

St Austell

Cornwall

PL25 3TH

REGISTERED NUMBER:

09673994 (England and Wales)

ACCOUNTANTS:

Colin Truscott Accountancy Limited

9 Heron Close

Tresillian

Cornwall

TR2 4BH

FIXED ASSETS

Investments

4

15

15

Investment property

5

1,270,000

1,570,000

1,270,015

1,570,015

CURRENT ASSETS

Debtors

6

2,965

3,804

Cash at bank

13,271

17,592

16,236

21,396

CREDITORS

Amounts falling due within one year

7

203,830

358,940

NET CURRENT LIABILITIES

(187,594

)

(337,544

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,082,421

1,232,471

CREDITORS

Amounts falling due after more than one year

8

(868,077

)

(575,926

)

PROVISIONS FOR LIABILITIES

(541

)

(75,541

)

NET ASSETS

213,803

581,004

CAPITAL AND RESERVES

Called up share capital

50

100

Capital redemption reserve

10

50

-

Fair value reserve

10

82,695

307,695

Retained earnings

10

131,008

273,209

213,803

581,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 1 June 2026 and were signed by:

T D Crapp - Director

1.	STATUTORY INFORMATION

Mill House Properties (Cornwall) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 NIL (2025 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

At 1 April 2025

and 31 March 2026

15

NET BOOK VALUE

At 31 March 2026

15

At 31 March 2025

15

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

1,570,000

Revaluations

(300,000

)

At 31 March 2026

1,270,000

NET BOOK VALUE

At 31 March 2026

1,270,000

At 31 March 2025

1,570,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2016

870,808

Valuation in 2017

709,192

Valuation in 2018

(15,000

)

Valuation in 2021

5,000

Valuation in 2026

(300,000

)

1,270,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Prepayments

2,965

3,804

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

13,949

36,762

Amounts owed to group undertakings

200

200

Taxation and social security

3,401

8,571

Other creditors

186,280

313,407

203,830

358,940

As at 31 March 2026 the amount due to Mr Crapp was £184,055 (2025: £149,055) and to Mr Myers was £nil (2025: £149,199).

Within Other Creditors is a loan from Cornwall Mortgages Limited of £nil (£2025: £13,000), a company controlled by Mr Crapp.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

868,077

575,926

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

882,026

612,688

10.

RESERVES

Capital

Fair

Retained

redemption

value

earnings

reserve

reserve

Totals

£

£

£

£

At 1 April 2025

273,209

-

307,695

580,904

Profit for the year

8,600

8,600

Purchase of own shares

(150,801

)

50

-

(150,751

)

Revaluation

-

-

(300,000

)

(300,000

)

Deferred tax

-

-

75,000

75,000

At 31 March 2026

131,008

50

82,695

213,753

11.	ULTIMATE CONTROLLING PARTY

The controlling party is T Crapp.