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Abbreviated Unaudited Accounts |
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for the Year Ended 31 May 2016 |
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for |
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Milby Investments Ltd |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 May 2016 |
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for |
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Milby Investments Ltd |
Milby Investments Ltd (Registered number: 08786963) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 May 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Milby Investments Ltd |
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Company Information |
for the Year Ended 31 May 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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BANKERS: |
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Milby Investments Ltd (Registered number: 08786963) |
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Abbreviated Balance Sheet |
31 May 2016 |
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31/5/16 | 31/5/15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 3 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
3 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their 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. |
Milby Investments Ltd (Registered number: 08786963) |
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Abbreviated Balance Sheet - continued |
31 May 2016 |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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Milby Investments Ltd (Registered number: 08786963) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 May 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance |
with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from |
changes in market value is transferred to a revaluation reserve. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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2. | INVESTMENT PROPERTY |
Total |
£ |
Cost |
At 1 June 2015 |
and 31 May 2016 |
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Net book value |
At 31 May 2016 |
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At 31 May 2015 |
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3. | CREDITORS |
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Creditors include an amount of £
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They also include the following debts falling due in more than five years: |
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31/5/16 | 31/5/15 |
£ | £ |
Repayable by instalments |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/5/16 | 31/5/15 |
value: | £ | £ |
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Ordinary | £1 |
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5. | GOING CONCERN |
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Despite net current liabilities of £32,503 at 31 May 2016 (2015 - £38,131) the accounts have been |
prepared on a going concern basis. The directors have reviewed the future cash flows of the company |
and together with their continued financial support, they consider the going concern basis of |
preparation to be appropriate. |