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Unaudited financial statements |
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for the year ended 28 February 2018 |
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For |
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Milber Developments Limited |
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REGISTERED NUMBER:
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Unaudited financial statements |
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for the year ended 28 February 2018 |
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For |
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Milber Developments Limited |
Milber Developments Limited (Registered number: 08884623) |
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Contents of the financial statements |
for the Year Ended 28 February 2018 |
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Page |
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Company information | 1 |
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Balance sheet | 2 |
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Notes to the financial statements | 3 |
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Milber Developments Limited |
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Company information |
for the Year Ended 28 February 2018 |
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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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Chartered Accountants |
Senate Court |
Southernhay Gardens |
Exeter |
Devon |
EX1 1NT |
Milber Developments Limited (Registered number: 08884623) |
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Balance sheet |
28 February 2018 |
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28.2.18 | 28.2.17 |
Notes | £ | £ |
CALLED UP SHARE CAPITAL NOT PAID |
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CURRENT ASSETS |
Stocks |
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Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Milber Developments Limited (Registered number: 08884623) |
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Notes to the financial statements |
for the Year Ended 28 February 2018 |
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1. | STATUTORY INFORMATION |
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Milber Developments Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The directors have reviewed the company's forecasts and finance facilities and believe that despite the negative |
balance sheet, with their ongoing support, the company will manage its business risks successfully and will |
continue in operational existence for the foreseeable future. For this reason the accounts have been prepared on |
the going concern basis. |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. This relates to the purchase price of the |
property together with the associated costs of developing the property. |
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Revenue |
The company derives income from rental of premises currently held for development, net of VAT and discounts. |
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Rental income is recognised in line with the terms of the lease in place. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.18 | 28.2.17 |
£ | £ |
Trade debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.18 | 28.2.17 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
28.2.18 | 28.2.17 |
£ | £ |
Other creditors |
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Milber Developments Limited (Registered number: 08884623) |
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Notes to the financial statements - continued |
for the Year Ended 28 February 2018 |
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7. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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28.2.18 | 28.2.17 |
£ | £ |
Other loans |
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The loan from J R Dennis is secured by a fixed charge over the property at the north west of Blackenway Lane, |
Coffinswell, Newton Abbot, which is shown within work in progress, and a floating charge over the other assets |
of the company. |
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The loans from Aitchison Family Pension Scheme and Forthglade Limited Retirement Benefit Scheme are |
secured by fixed and floating charges over all assets of the company. |