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Registration number: 993441

David Mills Estates (Oxford) Limited

trading as Mills Properties

Contents

Company Information	1
Directors' Report	2
Accountants' Report	3
Profit and Loss Account	4
Balance Sheet	5
Notes to the Financial Statements	6 to 10
iXBRL Detailed Profit and Loss Account	11

David Mills Estates (Oxford) Limited

trading as Mills Properties

Company Information

Directors

D C Mills S L Mills B Mills C Mills

Registered office

8 Sand Furlong Bletchingdon Oxfordshire OX5 3EY

Accountants

Wenn Townsend Chartered Accountants30 St Giles' Oxford OX1 3LE

David Mills Estates (Oxford) Limited

trading as Mills Properties

Directors' Report for the Year Ended 5 April 2026

The directors present their report and the financial statements for the year ended 5 April 2026.

Directors of the company

The directors who held office during the year were as follows:

D C Mills

S L Mills

B Mills

C Mills

Principal activity

The principal activity of the company is that of property management and interior design

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 14 July 2026 and signed on its behalf by:
 

......................................... B Mills Director

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
David Mills Estates (Oxford) Limited

trading as Mills Properties
for the Year Ended 5 April 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of David Mills Estates (Oxford) Limited for the year ended 5 April 2026 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of David Mills Estates (Oxford) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of David Mills Estates (Oxford) Limited and state those matters that we have agreed to state to the Board of Directors of David Mills Estates (Oxford) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than David Mills Estates (Oxford) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that David Mills Estates (Oxford) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of David Mills Estates (Oxford) Limited. You consider that David Mills Estates (Oxford) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of David Mills Estates (Oxford) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Wenn Townsend
Chartered Accountants
30 St Giles'
Oxford
OX1 3LE

14 July 2026

David Mills Estates (Oxford) Limited

trading as Mills Properties

Profit and Loss Account for the Year Ended 5 April 2026

	Note	2026 £	2025 £
Turnover		356,753	346,790
Gross profit		356,753	346,790
Administrative expenses		(215,955)	(225,614)
Operating profit		140,798	121,176
Other interest receivable and similar income		1,209	1,369
Interest payable and similar expenses		(28,215)	(30,876)
		(27,006)	(29,507)
Profit before tax	4	113,792	91,669
Tax on profit		(26,701)	(23,796)
Profit for the financial year		87,091	67,873

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

David Mills Estates (Oxford) Limited

trading as Mills Properties

(Registration number: 993441)
Balance Sheet as at 5 April 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	6,998	8,082
Current assets
Debtors	6	5,948	7,298
Cash at bank and in hand		191,099	182,027
		197,047	189,325
Creditors: Amounts falling due within one year	7	(37,345)	(34,202)
Net current assets		159,702	155,123
Total assets less current liabilities		166,700	163,205
Creditors: Amounts falling due after more than one year	7	(146,438)	(152,447)
Net assets		20,262	10,758
Capital and reserves
Called up share capital		800	800
Retained earnings		19,462	9,958
Shareholders' funds		20,262	10,758

For the financial year ending 5 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director s' 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 14 July 2026 and signed on its behalf by:
 

......................................... B Mills Director

David Mills Estates (Oxford) Limited

trading as Mills Properties

Notes to the Financial Statements for the Year Ended 5 April 2026

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:
8 Sand Furlong
Bletchingdon
Oxfordshire
OX5 3EY

These financial statements were authorised for issue by the Board on 14 July 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 current 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

David Mills Estates (Oxford) Limited

trading as Mills Properties

Notes to the Financial Statements for the Year Ended 5 April 2026

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
Office equipment	20% reducing balance
Computer equipment	20% straight line
Motor vehicles	25% reducing balance

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. 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.

Borrowings

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.

David Mills Estates (Oxford) Limited

trading as Mills Properties

Notes to the Financial Statements for the Year Ended 5 April 2026

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 (2025 - 3).

4	Profit before tax

Arrived at after charging/(crediting)

	2026 £	2025 £
Depreciation expense	2,445	1,855

David Mills Estates (Oxford) Limited

trading as Mills Properties

Notes to the Financial Statements for the Year Ended 5 April 2026

5	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Total £
Cost or valuation
At 6 April 2025	8,888	10,516	19,404
Additions	-	1,361	1,361
At 5 April 2026	8,888	11,877	20,765
Depreciation
At 6 April 2025	5,457	5,865	11,322
Charge for the year	1,298	1,147	2,445
At 5 April 2026	6,755	7,012	13,767
Carrying amount
At 5 April 2026	2,133	4,865	6,998
At 5 April 2025	3,431	4,651	8,082

6

Debtors

	2026 £	2025 £
Prepayments	5,948	7,298
	5,948	7,298

David Mills Estates (Oxford) Limited

trading as Mills Properties

Notes to the Financial Statements for the Year Ended 5 April 2026

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Taxation and social security	26,976	24,152
Accruals and deferred income	10,369	10,050
	37,345	34,202