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REGISTERED NUMBER: 03716597 (England and Wales)















Financial Statements for the Year Ended 28 February 2019

for

Millfield Estates Limited

Millfield Estates Limited (Registered number: 03716597)






Contents of the Financial Statements
for the Year Ended 28 February 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Millfield Estates Limited

Company Information
for the Year Ended 28 February 2019







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

Millfield Estates Limited (Registered number: 03716597)

Balance Sheet
28 February 2019

2019 2018
Notes £    £    £    £   
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.

Millfield Estates Limited (Registered number: 03716597)

Balance Sheet - continued
28 February 2019


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


Millfield Estates Limited (Registered number: 03716597)

Notes to the Financial Statements
for the Year Ended 28 February 2019

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

Millfield Estates Limited (Registered number: 03716597)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2019

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

Millfield Estates Limited (Registered number: 03716597)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2019

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.