Abbreviated Company Accounts - MILLET PROPERTIES LIMITED

MILLET PROPERTIES LIMITED - Company Information

07544671 MILLET PROPERTIES LIMITED 2016-02-29 false 2015-03-01 2016-02-29 true 07544671 2015-03-01 2016-02-29 07544671 2016-02-29 07544671 2015-02-28 07544671 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-29 07544671 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 07544671

MILLET PROPERTIES LIMITED

Abbreviated Accounts

29 February 2016

MILLET PROPERTIES LIMITED Registered Number 07544671

Abbreviated Balance Sheet as at 29 February 2016

	Notes	2016	2015
		£	£
Current assets
Stocks		-	97,181
Debtors		-	128,049
Cash at bank and in hand		1	5,504
		1	230,734
Creditors: amounts falling due within one year		(5,669)	(239,770)
Net current assets (liabilities)		(5,668)	(9,036)
Total assets less current liabilities		(5,668)	(9,036)
Total net assets (liabilities)		(5,668)	(9,036)
Capital and reserves
Called up share capital	2	200	200
Profit and loss account		(5,868)	(9,236)
Shareholders' funds		(5,668)	(9,036)

For the year ending 29 February 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 February 2017

And signed on their behalf by:
Mr A Miller, Director

MILLET PROPERTIES LIMITED Registered Number 07544671

Notes to the Abbreviated Accounts for the period ended 29 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared uner the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and dervies from the provision of goods falling within the company's ordianary activities.

Valuation information and policy
Stock

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

Other accounting policies
Going Concern

At the year end the company had negative shareholder funds. The directors have considered the position of the company for the proceeding 12 months, and along with the continued support of the directors they consider the going concern basis as appropriate.

2Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
200 Ordinary shares of £1 each	200	200