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REGISTERED NUMBER: 03716597 (England and Wales)















Financial Statements for the Year Ended 28 February 2018

for

Millfield Estates Limited

Millfield Estates Limited (Registered number: 03716597)






Contents of the Financial Statements
for the Year Ended 28 February 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Millfield Estates Limited

Company Information
for the Year Ended 28 February 2018







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 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,525 167,881
Investment property 5 166,226 -
167,751 167,881

CURRENT ASSETS
Debtors 6 15,480 44,000
Cash at bank and in hand 4,143 20,862
19,623 64,862
CREDITORS
Amounts falling due within one year 7 2,625 38,609
NET CURRENT ASSETS 16,998 26,253
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,749

194,134

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 184,748 194,133
SHAREHOLDERS' FUNDS 184,749 194,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 30 November 2018 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 2018

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 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.

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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Long to and Computer
leasehold property fittings equipment Totals
£    £    £    £    £   
COST
At 1 March 2017 135,651 30,575 17,633 870 184,729
Additions - - - 379 379
Reclassification/transfer (135,651 ) (30,575 ) - - (166,226 )
At 28 February 2018 - - 17,633 1,249 18,882
DEPRECIATION
At 1 March 2017 - - 16,283 565 16,848
Charge for year - - 338 171 509
At 28 February 2018 - - 16,621 736 17,357
NET BOOK VALUE
At 28 February 2018 - - 1,012 513 1,525
At 28 February 2017 135,651 30,575 1,350 305 167,881

Millfield Estates Limited (Registered number: 03716597)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Reclassification/transfer 166,226
At 28 February 2018 166,226
NET BOOK VALUE
At 28 February 2018 166,226

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 15,480 44,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 1,016 19,591
Other creditors 1,609 19,018
2,625 38,609

8. DEFERRED TAX
£   
Accelerated capital allowances (290 )
Balance at 28 February 2018 (290 )

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
1 Ordinary £1.00 1 1

10. RESERVES
Retained
earnings
£   

At 1 March 2017 194,133
Profit for the year 5,615
Dividends (15,000 )
At 28 February 2018 184,748

Millfield Estates Limited (Registered number: 03716597)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2018 and
28 February 2017:

2018 2017
£    £   
Mrs Susan Lloyd
Balance outstanding at start of year (16,762 ) (15,000 )
Amounts advanced 59,068 52,770
Amounts repaid (42,306 ) (54,532 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (16,762 )

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £15,000 were paid to the director .

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs Susan Lloyd.