Miller West Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03108670 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2018

for

Miller West Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

861

1,013

Investment property

5

297,800

297,800

298,661

298,813

CURRENT ASSETS

Debtors

6

172

165

Cash at bank and in hand

1,313

3,236

1,485

3,401

CREDITORS

Amounts falling due within one year

7

213,742

142,572

NET CURRENT LIABILITIES

(212,257

)

(139,171

)

TOTAL ASSETS LESS CURRENT LIABILITIES

86,404

159,642

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

86,402

159,640

SHAREHOLDERS' FUNDS

86,404

159,642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 24 September 2019 and were signed on its behalf by:

Dr G M J West - Director

1.	STATUTORY INFORMATION

Miller West Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address are as below:

Registered number:

03108670

Registered office:

Burntwood House

Kestrel Drive

Loggerheads

Market Drayton

TF9 2QT

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on 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 Profit and Loss Account,

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 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

Equipment

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2018

and 31 December 2018

2,241

12,231

54,807

69,279

DEPRECIATION

At 1 January 2018

1,906

11,553

54,807

68,266

Charge for year

50

102

-

152

At 31 December 2018

1,956

11,655

54,807

68,418

NET BOOK VALUE

At 31 December 2018

285

576

-

861

At 31 December 2017

335

678

-

1,013

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2018

and 31 December 2018

305,000

DEPRECIATION

At 1 January 2018

and 31 December 2018

7,200

NET BOOK VALUE

At 31 December 2018

297,800

At 31 December 2017

297,800

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

172

165

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other creditors

213,742

142,572

8.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Director's Loan Account

213,201

142,032

There is currently a charge registered against the Director's Loan Account of Dr G West which is secured against

the investment property.