P & G Miller Developments Ltd - Accounts to registrar (filleted) - small 17.3

P & G Miller Developments Ltd - Accounts to registrar (filleted) - small 17.3

P & G MILLER DEVELOPMENTS LTD - Company Information

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REGISTERED NUMBER: 05034590 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017

FOR

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






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

P & G MILLER DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2017







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
28 FEBRUARY 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 960,000 923,000

CURRENT ASSETS
Cash at bank 1,837 72,082

CREDITORS
Amounts falling due within one year 4 497,835 579,059
NET CURRENT LIABILITIES (495,998 ) (506,977 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
464,002
416,023

PROVISIONS FOR LIABILITIES 6 67,796 62,548
NET ASSETS 396,206 353,475

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 396,204 353,473
SHAREHOLDERS' FUNDS 396,206 353,475

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 28 November 2017 and were signed by:





P Miller - Director


The notes form part of these financial statements

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

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2017

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 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. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2016 923,000
Revaluations 37,000
At 28 February 2017 960,000
NET BOOK VALUE
At 28 February 2017 960,000
At 29 February 2016 923,000

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2017

3. INVESTMENT PROPERTY - continued

Fair value at 28 February 2017 is represented by:

£   
Valuation in 2015 435,296
Valuation in 2016 44,000
Valuation in 2017 37,000
Cost 443,704
960,000

The properties were valued at fair value by the director on 28th February 2017.

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 6,785 561,257
Tax 2,745 1,056
Directors' current accounts 485,662 14,528
Accruals and prepaid income 2,643 2,218
497,835 579,059

5. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank loans 6,785 561,257

The bank loans are secured by way of a legal charge over the companies principal asset 34 / 36 Chalkwell Park
Drive.

6. PROVISIONS FOR LIABILITIES
2017 2016
£    £   
Deferred tax 67,796 62,548

Deferred
tax
£   
Balance at 1 March 2016 62,548
Provided during year 5,248
Balance at 28 February 2017 67,796

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2017

7. RETAINED EARNINGS

Investment
Profit and loss property
reserves revaluation Total

Balance brought forward (63,275) 416,748 353,473
Movement in year 10,979 31,752 42,731

Balance carried forward £(52,296) £448,500 £396,204

Page 5
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
P & G MILLER DEVELOPMENTS LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of P & G Miller Developments Ltd for the year ended 28 February 2017 which comprise the Income
Statement, Balance Sheet and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of P & G Miller Developments Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P & G Miller Developments Ltd and state those matters that we have agreed to state to the director of P & G Miller Developments Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P & G Miller Developments Ltd director for our work or for this report.

It is your duty to ensure that P & G Miller Developments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of P & G Miller Developments Ltd. You consider that P & G Miller Developments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of P & G Miller Developments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA


29 November 2017

This page does not form part of the statutory financial statements

Page 6