Millmans Properties Limited
Company No. 07275496
Information for Filing with The Registrar
31 January 2026
Millmans Properties Limited

Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 January 2026.
Principal activities
The principal activity of the company during the year under review was 41202 - Construction of domestic buildings. The main principle activity of the company during the financial year was the letting of investment properties.
Directors
The Directors who served at any time during the year were as follows:
D.Millman
D.Millman
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
D.Millman
Director
30 September 2026
Millmans Properties Limited

Balance Sheet Registrar
at31 January 2026
Company No.07275496Notes20262025
££
Fixed assets
Tangible assets5606808
Investment property61,228,0001,261,000
1,228,6061,261,808
Current assets
Debtors71,0001,000
Investments8--
Cash at bank and in hand12,0574,631
13,0575,631
Creditors: Amount falling due within one year8
(278,956)
(300,748)
Net current liabilities
(265,899)
(295,117)
Total assets less current liabilities962,707966,691
Provisions for liabilities
Deferred taxation9
(104,771)
(150,776)
Net assets857,936815,915
Capital and reserves
Called up share capital100100
Revaluation reserve11419,085452,085
Capital redemption reserve11140,366140,366
Profit and loss account11298,385223,364
Total equity857,936815,915
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 January 2026 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 responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 30 September 2026 and signed on its behalf by:
D.Millman
Director
30 September 2026
Millmans Properties Limited

Notes to the Accounts Registrar
for the year ended 31 January 2026
1General information
Millmans Properties Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 07275496
Its registered office is:
2 Pynewood House
1A Exeter Road
Ivybridge
Devon
PL21 0FN
The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2Accounting policies
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment25% Reducing Balance
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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 liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities 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. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account. No depreciation is provided in respect of investment properties.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.
3Employees
20262025
NumberNumber
The average monthly number of employees (including directors) during the year was:22
4Taxation
(a) Tax on profit on ordinary activities20262025
The tax charge is made up as follows:££
UK corporation tax
Charge for the period7,0885,482
Total corporation tax7,088.005,482.00
Origination and reversal of timing differences
(46,005)
202
Total deferred tax
(46,005)
202
Tax on profit on ordinary activities
(38,917)
5,684
(b) Factors affecting the total tax charge for the period
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The differences are reconciled below:
Lower20262025
(45967)££
Profit on ordinary activities before tax37,10428,334
Standard rate of corporation tax in the United Kingdom
19%
19%
Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom7,0505,383
Expenses not deductible for tax purposes
(45,967)
301
Tax on profit on ordinary activities
(38,917)
5,684
5Tangible fixed assets
Land and buildingsPlant and machineryMotor vehiclesFixtures, fittings and equipmentTotal
£££££
Cost or revaluation
At 1 February 2025---11,72911,729
At 31 January 2026---11,72911,729
Depreciation
At 1 February 2025---10,92110,921
Charge for the year---202202
At 31 January 2026---11,12311,123
Net book values
At 31 January 2026---606606
At 31 January 2025---808808
Freehold land and buildings
20262025
££
Historical cost808,915808,915
808,915808,915
6Investment property
Freehold Investment Property
£
Valuation
At 1 February 20251,261,000
Revaluation
(33,000)
At 31 January 20261,228,000
7Debtors
20262025
££
Other debtors1,0001,000
1,0001,000
8Creditors:
amounts falling due within one year
20262025
££
Trade creditors1,0001,000
Taxes and social security7,0885,482
Loans from directors269,428291,986
Accruals and deferred income1,4402,280
278,956300,748
9Deferred taxation
Accelerated Capital Allowances, Losses and Other Timing DifferencesTotal
£££
At 1 February 2025150,776-150,776
Charge to the profit and loss account for the period(46005)
(46,005)
At 31 January 2026104,771-104,771
20262025
££
Revaluation of land and buildings104,771.00-
104,771-
10Share Capital
Share Capital consists of 100 Ordinary shares of £1 each, all fully paid.
11Reserves
Revaluation ReserveCapital redemption reserveTotal other reserves
£££
At 1 February 2024452,085140,366592,451
At 31 January 2025 and 1 February 2025452,085140,366592,451
Movement on revaluation reserve
(33,000)
(33,000)
At 31 January 2026419,085140,366559,451
Revaluation reserve - reflects the revaluation of property other than investment properties.
Capital redemption reserve - records the nominal value of shares repurchased by the company.
Profit and loss account - includes all current and prior period retained profits and losses.
12Related party disclosures
Transactions with related parties
At the year end teh company owed the directors teh following, Mrs Diane Millman £145,624, Mr Duncan Millman £123,806.
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