Mills Wheatley Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 13836765 (England and Wales)

MILLS WHEATLEY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 10 JANUARY 2022 TO 31 JULY 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Mills

S Mills

REGISTERED OFFICE:

Bleak Hill Sidings

Off Sheepbridge Lane

Mansfield

Nottinghamshire

NG18 5EP

REGISTERED NUMBER:

13836765 (England and Wales)

FIXED ASSETS

Investment property

4

181,727

CURRENT ASSETS

Cash at bank

13,713

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5

199,557

NET CURRENT LIABILITIES

(185,844

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,117

)

CAPITAL AND RESERVES

Called up share capital

6

100

Retained earnings

(4,217

)

SHAREHOLDERS' FUNDS

(4,117

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2022 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 April 2023 and were signed on its behalf by:

S Mills - Director

1.	STATUTORY INFORMATION

Mills Wheatley 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.

Taxation

Taxation for the period 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 period 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.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded

at transaction price. Any losses arising from impairment are recognised in the profit and loss account in

other administrative expenses.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which

employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for

that service.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

181,727

At 31 July 2022

181,727

NET BOOK VALUE

At 31 July 2022

181,727

Fair value at 31 July 2022 is represented by:

£

Valuation in 2022

181,727

As the property was purchased in March 2022 the directors do not believe that the value has changed significantly by the year end.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to group undertakings

199,400

Other creditors

157

199,557

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

7.	ULTIMATE CONTROLLING PARTY

The controlling party is EPOSAL Holdings Ltd.

The company is ultimately controlled by the directors.