P & G Miller Developments Ltd - Accounts to registrar (filleted) - small 18.2

P & G Miller Developments Ltd - Accounts to registrar (filleted) - small 18.2

P & G MILLER DEVELOPMENTS LTD - Company Information

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REGISTERED NUMBER: 05034590 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2020

FOR

P & G MILLER DEVELOPMENTS LTD
P & G MILLER DEVELOPMENTS LTD (REGISTERED NUMBER: 05034590)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P & G MILLER DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2020







DIRECTOR: P Miller





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 05034590 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA
Page 1
P & G MILLER DEVELOPMENTS LTD (REGISTERED NUMBER: 05034590)

BALANCE SHEET
29 FEBRUARY 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 245,000 827,293

CURRENT ASSETS
Stocks 310,461 274,881
Debtors 5 5,000 5,000
Cash at bank 3,966 2,427
319,427 282,308
CREDITORS
Amounts falling due within one year 6 199,869 528,245
NET CURRENT ASSETS/(LIABILITIES) 119,558 (245,937 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
364,558
581,356

CREDITORS
Amounts falling due after more than one year 7 - (140,219 )

PROVISIONS FOR LIABILITIES 9 (10,555 ) (33,085 )
NET ASSETS 354,003 408,052

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 354,001 408,050
SHAREHOLDERS' FUNDS 354,003 408,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
P & G MILLER DEVELOPMENTS LTD (REGISTERED NUMBER: 05034590)

BALANCE SHEET - continued
29 FEBRUARY 2020


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 February 2021 and were signed by:





P Miller - Director


The notes form part of these financial statements

Page 3
P & G MILLER DEVELOPMENTS LTD (REGISTERED NUMBER: 05034590)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2020

1. STATUTORY INFORMATION

P & G Miller Developments Ltd is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 NIL (2019 - NIL).

Page 4 continued...
P & G MILLER DEVELOPMENTS LTD (REGISTERED NUMBER: 05034590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2020

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2019 827,293
Additions 119,814
Disposals (589,652 )
Revaluations (112,455 )
At 29 February 2020 245,000
NET BOOK VALUE
At 29 February 2020 245,000
At 28 February 2019 827,293

Fair value at 29 February 2020 is represented by:

£   
Valuation in 2015 435,296
Valuation in 2016 44,000
Valuation in 2017 37,000
Valuation in 2018 (291,558 )
Valuation in 2020 (112,455 )
Cost 132,717
245,000

The property was valued at fair value by the director on 29th February 2020.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 5,000 5,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 2,525 2,670
Tax - 44,861
Directors' current accounts 195,394 479,514
Accruals and prepaid income 1,950 1,200
199,869 528,245

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2020 2019
£    £   
Bank loans - 2-5 years - 140,219

Page 5 continued...
P & G MILLER DEVELOPMENTS LTD (REGISTERED NUMBER: 05034590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2020

8. SECURED DEBTS

The following secured debts are included within creditors:

2020 2019
£    £   
Bank loans 2,525 142,889

The bank loan is secured by way of a legal charge over the company's principal asset 34 Chalkwell Park Drive.

9. PROVISIONS FOR LIABILITIES
2020 2019
£    £   
Deferred tax 10,555 33,085

Deferred
tax
£   
Balance at 1 March 2019 33,085
Provided during year (22,530 )
Balance at 29 February 2020 10,555

10. RETAINED EARNINGS

Investment
Profit and loss property
reserves revaluation Total

Balance brought forward 216,397 191,653 408,050
Movement in year 35,876 -89,925 -54,049

Balance carried forward £252,273 £101,728 £354,001

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