Millbridge International Limited - Limited company accounts 16.3

REGISTERED NUMBER: 03072566 (England and Wales)

Report of the Directors and

Financial Statements

for the Year Ended 31 December 2016

for

MILLBRIDGE INTERNATIONAL LIMITED

Page

Company Information

1

Report of the Directors

2

Report of the Independent Auditors

3

Income Statement

5

Balance Sheet

6

Notes to the Financial Statements

7

DIRECTORS:

M J Nicholson

G A Clarke

D Longstaff

T Scott

SECRETARY:

M J Nicholson

REGISTERED OFFICE:

16 Watermark Way

Foxholes Business Park

Hertford

Hertfordshire

SG13 7TZ

REGISTERED NUMBER:

03072566 (England and Wales)

AUDITORS:

The Trevor Jones Partnership LLP

Statutory Auditor

Springfield House

99/101 Crossbrook Street

Cheshunt

Waltham Cross

Hertfordshire

EN8 8JR

BANKERS:

Coutts & Co.

440 The Strand,

London

WC2R 0QS

The directors present their report with the financial statements of the company for the year ended 31 December 2016.

DIVIDENDS

An interim dividend of £85.11 per share was paid on 31 December 2016. The directors recommend that no final
dividend be paid.

The total distribution of dividends for the year ended 31 December 2016 will be £ 16,000 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2016 to the date of this

report.

M J Nicholson

G A Clarke

D Longstaff

T Scott

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with

applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors

have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting

Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not

approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the

company and of the profit or loss of the company for that period. In preparing these financial statements, the directors

are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the

company's transactions and disclose with reasonable accuracy at any time the financial position of the company and

enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for

safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud

and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act

2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken

as a director in order to make himself aware of any relevant audit information and to establish that the company's

auditors are aware of that information.

AUDITORS

The auditors, The Trevor Jones Partnership LLP, will be proposed for re-appointment at the forthcoming Annual

General Meeting.

ON BEHALF OF THE BOARD:

M J Nicholson - Secretary

2 May 2017

We have audited the financial statements of Millbridge International Limited for the year ended 31 December 2016 on

pages five to seven. The financial reporting framework that has been applied in their preparation is applicable law and

United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the

Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those

matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent

permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's

members as a body, for our audit work, for this report, or for the opinions we have formed.

Respective responsibilities of directors and auditors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.

Scope of the audit of the financial statements

An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give

reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error.

This includes an assessment of: whether the accounting policies are appropriate to the company's circumstances and

have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by

the directors; and the overall presentation of the financial statements. In addition, we read all the financial and

non-financial information in the Report of the Directors to identify material inconsistencies with the audited financial

statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent

with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material

misstatements or inconsistencies we consider the implications for our report.

Opinion on financial statements

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2016 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion the information given in the Report of the Directors for the financial year for which the financial

statements are prepared is consistent with the financial statements.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you

if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report.

Mr Rob Laurella (Senior Statutory Auditor)

for and on behalf of The Trevor Jones Partnership LLP

Statutory Auditor

Springfield House

99/101 Crossbrook Street

Cheshunt

Waltham Cross

Hertfordshire

EN8 8JR

2 May 2017

TURNOVER

44,225

19,795

Administrative expenses

24,225

-

OPERATING PROFIT and

PROFIT BEFORE TAXATION

20,000

19,795

Tax on profit

4,000

3,959

PROFIT FOR THE FINANCIAL YEAR

16,000

15,836

CURRENT ASSETS

Debtors

3

6,137

6,096

CREDITORS

Amounts falling due within one year

4

4,000

3,959

NET CURRENT ASSETS

2,137

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,137

CAPITAL AND RESERVES

Called up share capital

188

Retained earnings

1,949

SHAREHOLDERS' FUNDS

2,137

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 2 May 2017 and were signed on its behalf by:

M J Nicholson - Director

G A Clarke - Director

1.	STATUTORY INFORMATION

Millbridge International 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.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

Amounts owed by group undertakings

6,137

6,096

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

Tax

4,000

3,959

5.	CONTINGENT LIABILITIES

The company has executed a Mortgage Debenture in favour of Coutts & Co. giving a fixed and floating charge

over the assets of the company. The company has executed a Cross Guarantee securing all debts of the other

group companies in favour of Coutts & Co.

6.	RELATED PARTY DISCLOSURES

During the period the parent company charged Millbridge International Limited, £24,225 (2015 - £Nil) for the

provision of management services. At the balance sheet date the parent company owed £6,137 (2015 - £6,096).

7.	ULTIMATE CONTROLLING PARTY

The company is not under the control of any one individual.