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REGISTERED NUMBER: 09326007 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

MUTUAL GOVERNANCE LIMITED

MUTUAL GOVERNANCE LIMITED (REGISTERED NUMBER: 09326007)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


MUTUAL GOVERNANCE LIMITED

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr G Spencer
Mrs G E Spencer
Mrs C E Owen
Mr S Johnson
Miss K C Spencer





REGISTERED OFFICE: Butterworth Barlow House
10 Derby Street
Prescot
Merseyside
L34 3LG





REGISTERED NUMBER: 09326007 (England and Wales)





ACCOUNTANTS: Butterworth Barlow
Chartered Accountants
Butterworth Barlow House
10 Derby Street
Prescot
Merseyside
L34 3LG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Mutual Governance Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mutual Governance Limited for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Mutual Governance Limited, as a body, in accordance with the terms of our engagement letter dated 12 December 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Mutual Governance Limited and state those matters that we have agreed to state to the Board of Directors of Mutual Governance Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mutual Governance Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mutual Governance Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mutual Governance Limited. You consider that Mutual Governance Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mutual Governance Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Butterworth Barlow
Chartered Accountants


17 April 2024

MUTUAL GOVERNANCE LIMITED (REGISTERED NUMBER: 09326007)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,942 2,446

CURRENT ASSETS
Debtors 5 12,645 10,866
Cash at bank 258,793 355,108
271,438 365,974
CREDITORS
Amounts falling due within one year 6 147,913 180,781
NET CURRENT ASSETS 123,525 185,193
TOTAL ASSETS LESS CURRENT LIABILITIES 128,467 187,639

CREDITORS
Amounts falling due after more than one
year

7

5,100

8,500
NET ASSETS 123,367 179,139

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 123,267 179,039
SHAREHOLDERS' FUNDS 123,367 179,139

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

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.

MUTUAL GOVERNANCE LIMITED (REGISTERED NUMBER: 09326007)

Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2024 and were signed on its behalf by:





Mr G Spencer - Director


MUTUAL GOVERNANCE LIMITED (REGISTERED NUMBER: 09326007)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

Mutual Governance 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

MUTUAL GOVERNANCE LIMITED (REGISTERED NUMBER: 09326007)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 December 2022 425 11,526 11,951
Additions 541 3,111 3,652
At 30 November 2023 966 14,637 15,603
DEPRECIATION
At 1 December 2022 142 9,363 9,505
Charge for year 130 1,026 1,156
At 30 November 2023 272 10,389 10,661
NET BOOK VALUE
At 30 November 2023 694 4,248 4,942
At 30 November 2022 283 2,163 2,446

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 12,645 10,866

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 3,400 3,400
Tax 24,406 61,266
Social security and other taxes 1,272 648
VAT 9,675 9,861
Shareholder loan 100 8,162
Directors' loan accounts 105,810 92,889
Accruals and deferred income 3,250 4,555
147,913 180,781

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-2 years 5,100 6,800
Bank loans - 2-5 years - 1,700
5,100 8,500