REGISTERED NUMBER: 03716597 (England and Wales)

Financial Statements for the Year Ended 28 February 2019

for

Millfield Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs SUSAN Lloyd

REGISTERED OFFICE:

Flat 23 Lionsgate

95 Rowan Avenue

Hove

East Sussex

BN3 7JZ

REGISTERED NUMBER:

03716597 (England and Wales)

ACCOUNTANTS:

A.K & Co (Accountancy Services) Ltd

19 Victoria Terrace

Hove

East Sussex

BN3 2WB

FIXED ASSETS

Tangible assets

3

1,293

1,525

Investment property

4

166,226

166,226

167,519

167,751

CURRENT ASSETS

Debtors

5

15,190

15,480

Cash at bank

879

4,143

16,069

19,623

CREDITORS

Amounts falling due within one year

6

1,882

2,625

NET CURRENT ASSETS

14,187

16,998

TOTAL ASSETS LESS CURRENT LIABILITIES

181,706

184,749

PROVISIONS FOR LIABILITIES

7

246

-

NET ASSETS

181,460

184,749

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

181,459

184,748

SHAREHOLDERS' FUNDS

181,460

184,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 24 October 2019 and were signed by:

Mrs SUSAN Lloyd - Director

1.	STATUTORY INFORMATION

Millfield Estates Limited 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 March 2018

17,633

1,249

18,882

Additions

-

199

199

At 28 February 2019

17,633

1,448

19,081

DEPRECIATION

At 1 March 2018

16,621

736

17,357

Charge for year

253

178

431

At 28 February 2019

16,874

914

17,788

NET BOOK VALUE

At 28 February 2019

759

534

1,293

At 28 February 2018

1,012

513

1,525

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2018

and 28 February 2019

166,226

NET BOOK VALUE

At 28 February 2019

166,226

At 28 February 2018

166,226

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

15,190

15,480

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Taxation and social security

839

1,016

Other creditors

1,043

1,609

1,882

2,625

7.	PROVISIONS FOR LIABILITIES

2019

£

Deferred tax

Accelerated capital allowances

246

Deferred

tax

£

Balance at 1 March 2018

(290

)

Accelerated capital allowances

536

Balance at 28 February 2019

246

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1

Ordinary

£1.00

1

1

9.

RESERVES

Retained

earnings

£

At 1 March 2018

184,748

Profit for the year

2,811

Dividends

(6,100

)

At 28 February 2019

181,459

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £6,100 (2018 - £15,000) were paid to the director .

Included in other creditors is an amount due to the director of £32 (2018: £1). The loan is interest free and

repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs SUSAN Lloyd.