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 2020

for

Miller West Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

622

732

Investment property

5

245,000

245,000

245,622

245,732

CURRENT ASSETS

Cash at bank and in hand

111,345

120,120

CREDITORS

Amounts falling due within one year

6

284,938

254,531

NET CURRENT LIABILITIES

(173,593

)

(134,411

)

TOTAL ASSETS LESS CURRENT LIABILITIES

72,029

111,321

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

72,027

111,319

SHAREHOLDERS' FUNDS

72,029

111,321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 and authorised for issue on 12 July 2021 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.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved, given the impact of the Coronavirus upon the economy and therefore the financial statements have been prepared on a going concern basis.

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 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

Equipment

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2020

and 31 December 2020

2,241

12,231

54,807

69,279

DEPRECIATION

At 1 January 2020

1,999

11,741

54,807

68,547

Charge for year

37

73

-

110

At 31 December 2020

2,036

11,814

54,807

68,657

NET BOOK VALUE

At 31 December 2020

205

417

-

622

At 31 December 2019

242

490

-

732

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2020

and 31 December 2020

245,000

NET BOOK VALUE

At 31 December 2020

245,000

At 31 December 2019

245,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Taxation and social security

-

1,145

Other creditors

284,938

253,386

284,938

254,531

7.	SECURED DEBTS

The following secured debts are included within creditors:

2020

2019

£

£

Director's Loan Account

284,239

252,305

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