Miller Court Holdings Limited - Period Ending 2022-06-30

Miller Court Holdings Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

Miller Court Holdings Limited

Company Information

Directors

S J Mico D J Webster

Registered office

111/113 High Street Evesham Worcestershire WR11 4XP

Accountants

Clement Rabjohns Limited 111/113 High Street Evesham Worcestershire WR11 4XP

Miller Court Holdings Limited

(Registration number: 13468063)
Balance Sheet as at 30 June 2022

	Note	2022 £
Fixed assets
Investments	4	1,000,000
Capital and reserves
Called up share capital	5	1,000,000
Shareholders' funds		1,000,000

For the financial period ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 January 2023 and signed on its behalf by:
 

......................................... S J Mico Director

......................................... D J Webster Director

Miller Court Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 21 June 2021 to 30 June 2022

1	General information

The company is a private company limited by share capital, incorporated in England and Wales, UK.

The address of its registered office is:
111/113 High Street
Evesham
Worcestershire
WR11 4XP
England

The principal place of business is:
18 Miller Court
Severn Drive
Tewkesbury
Gloucestershire
GL20 8DN
United Kingdom

These financial statements were authorised for issue by the Board on 27 January 2023.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Exemption from preparing group accounts

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Miller Court Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 21 June 2021 to 30 June 2022

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4	Investments

	2022 £
Investments in subsidiaries	1,000,000

Subsidiaries	£
Cost or valuation
Additions	1,000,000
Provision
Carrying amount
At 30 June 2022	1,000,000

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Miller Court Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 21 June 2021 to 30 June 2022

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2022
Subsidiary undertakings
DWSM Limited	111-113 High Street Evesham WR11 4XP England, UK	Ordinary shares	100%

Subsidiary undertakings

DWSM Limited The principal activity of DWSM Limited is the managemet of trading companies within the group. The profit for the financial period of DWSM Limited was £617,993 and the aggregate amount of capital and reserves at the end of the period was £1,597,844.

5	Share capital

Allotted, called up and fully paid shares

	2022
	No.	£
Ordinary shares of £1 each	1,000,000	1,000,000

6

Dividends

		2022
		£
Interim dividend of £0.4108 per ordinary share		410,800

7	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of guarantees not included in the balance sheet is £580,065. The company is party to a composite unlimited multilateral guarantee given to HSBC in respect of all group borrowings. It also provides security over group borrowings in the form of fixed and floating charges over all freehold and leasehold property and over book and other debts, chattels, goodwill and uncalled capital.