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Registration number: 11109525

C A Mitchell Estates Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2023

 

C A Mitchell Estates Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 4

 

C A Mitchell Estates Limited

(Registration number: 11109525)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

27,388

27,388

Current assets

 

Debtors

118,568

118,568

Cash at bank and in hand

 

2,680

2,680

 

121,248

121,248

Creditors: Amounts falling due within one year

(15,368)

(27,368)

Net current assets

 

105,880

93,880

Net assets

 

133,268

121,268

Capital and reserves

 

Called up share capital

110

100

Share premium reserve

11,990

-

Profit and loss account

121,168

121,168

Total equity

 

133,268

121,268

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 12 October 2023
 

C Mitchell

Director

 

C A Mitchell Estates Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Dairy Cottage
Ovington
Alresford
Hampshire
SO24 0RB

These financial statements were authorised for issue by the director on 12 October 2023.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The director has confirmed that they will not seek any repayments until the company has sufficient funds to do so therefore the company will have sufficient funding to enable it to continue trading for at least one year.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

 

C A Mitchell Estates Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investments

Investments in equity shares where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit or loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Investments

Total
£

Cost or valuation

At 1 April 2022

27,388

Carrying amount

At 31 March 2023

27,388

At 31 March 2022

27,388

 

C A Mitchell Estates Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

5

Related party transactions

Summary of transactions with all subsidiaries

Included within other debtors is a loan from Ovington Park Estates Limited, a company in which CA Mitchell Estates Limited holds one share. At the balance sheet date, Ovington Park Estates Limited owed the company £18,468 (2022 - £18,468).

There is no interest charged and the balance is repayable on demand.

 Included within other creditors is a loan from Ovington Park Services LLP. At the balance sheet date, the company owed Ovington Park Services LLP £120 (2022 - £120).

There is no interest charged and the balance is repayable on demand.

Included within other debtors is a loan to Cedar Veterinary Practice Limited, a company in which CA Mitchell Estates Limited holds eight shares. At the balance sheet date, Cedar Veterinary Practice Limited owed the company £100,000 (2022 - £100,000).

There is no interest charged and the balance is repayable on demand.