Mills Property Group Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06287391

Mills Property Group Limited

Filleted Unaudited Financial Statements

31 January 2026

Mills Property Group Limited

Balance Sheet

31 January 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	5		757	1,016

Current assets

Debtors	6	19,304	18,814
Cash at bank and in hand		3,492	18,369
		--------	--------
		22,796	37,183

Creditors: amounts falling due within one year	7	57,746		62,287
		--------		--------
Net current liabilities			34,950	25,104
			--------	--------
Total assets less current liabilities			( 34,193)	( 24,088)

Creditors: amounts falling due after more than one year	8	–	3,531
		--------	--------
Net liabilities		( 34,193)	( 27,619)
		--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 34,293)	( 27,719)
	--------	--------
Shareholder deficit	( 34,193)	( 27,619)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 January 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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Mills Property Group Limited

Balance Sheet (continued)

31 January 2026

These financial statements were approved by the board of directors and authorised for issue on 16 October 2026 , and are signed on behalf of the board by:

A J Mills
Director

Company registration number: 06287391

Mills Property Group Limited

Notes to the Financial Statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 77 Marstone Crescent, Sheffield, S17 4DG.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company is reliant on the continued financial support of the director.

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced in respect of property sales completions and income from lettings, together with other sundry income and excludes value added tax.

Income tax

Provision is made at current rates for tax deferred in respect of all material timing differences. The company has not adopted a policy of discounting deferred tax assets and liabilities.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	10 - 33% - straight line basis

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2025: 4 ).

5. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 February 2025	9,079	9,079
Disposals	( 2,380)	( 2,380)
	-------	-------
At 31 January 2026	6,699	6,699
	-------	-------
Depreciation
At 1 February 2025	8,063	8,063
Charge for the year	259	259
Disposals	( 2,380)	( 2,380)
	-------	-------
At 31 January 2026	5,942	5,942
	-------	-------
Carrying amount
At 31 January 2026	757	757
	-------	-------
At 31 January 2025	1,016	1,016
	-------	-------

6. Debtors

	2026	2025
	£	£
Trade debtors	4,062	3,603
Other debtors	15,242	15,211
	--------	--------
	19,304	18,814
	--------	--------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	3,531	10,425
Trade creditors	17,455	25,525
Social security and other taxes	12,672	15,109
Other creditors	24,088	11,228
	--------	--------
	57,746	62,287
	--------	--------

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	–	3,531
	----	-------

The company took out a £50,000 Bounce Back loan in June 2020. Repayments of £887.37 per month commenced on 21 June 2021. The loan is repayable over a period of 6 years and interest is payable at 2.5% per annum.

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	15,000	15,000
	--------	--------