MILLARD HOMES LTD


Directors	HINDMOOR, Margaret Milligan
	HINDMOOR, Matthew Richard


Company Secretary	HINDMOOR, Matthew Richard


Registered Address	2 Hobson Court
	Penrith 40 Business Park
	Penrith
	CA11 9GQ


Registered Number	04841753 (England and Wales)

Statement of Financial Position
31 July 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Investment property	3		320,000		320,000
			320,000		320,000
Current assets
Cash at bank and on hand		78,194		76,817
		78,194		76,817
Creditors amounts falling due within one year	4	(185,343)		(199,802)
Net current assets (liabilities)			(107,149)		(122,985)
Total assets less current liabilities			212,851		197,015
Provisions for liabilities	5		(15,990)		(15,990)
Net assets			196,861		181,025
Capital and reserves
Called up share capital			100		100
Revaluation reserve			71,967		71,967
Profit and loss account			124,794		108,958
Shareholders' funds			196,861		181,025

The company was entitled to exemption from audit for this reporting period 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 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.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 15 October 2026, and are signed on its behalf by:

HINDMOOR, Matthew Richard
Director
Registered Company No. 04841753

MILLARD HOMES LTD

Notes to the Financial Statements
for the year ended 31 July 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Investment property
	Investment property is carried at fair value determined annually by external values and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

	Trade and other creditors
	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.

	Financial instruments
	The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	2		2

3.	Investment property
	On 31 July 2026 the Directors valued the Investment properties an open market value for existing use basis. It is the opinion of the directors that this valuation has not materiality altered at the period end date. Had the Investment properties been measured at historical cost the amounts would have been Cost £235,843 The 2026 valuations were made by the directors, on an open market value for existing use basis.

Investment property

On 31 July 2026 the Directors valued the Investment properties an open market value for existing use basis. It is the opinion of the directors that this valuation has not materiality altered at the period end date. Had the Investment properties been measured at historical cost the amounts would have been Cost £235,843

The 2026 valuations were made by the directors, on an open market value for existing use basis.


		£
	Fair value at 01 August 25	320,000
	At 31 July 26	320,000

4.	Creditors: amounts due within one year

	2026	2025
	£	£
Taxation and social security	3,745	3,307
Other creditors	180,067	195,067
Accrued liabilities and deferred income	1,531	1,428
Total	185,343	199,802

5.	Provisions for liabilities
	The provision for deferred tax is made up of £15,990 in respect of fair value on investment property.

	2026	2025
	£	£
Net deferred tax liability (asset)	15,990	15,990
Total	15,990	15,990

6.	Related party transactions
	During the year the directors had a loan account with the company. At the balance sheet date the company owed the directors £180,067 (2025 - £195,067). This loan is unsecured, interest free and repayable upon demand.