Mytton John Property Ltd 12273354 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is 68209 Digita Accounts Production Advanced 6.30.9574.0 true true 12273354 2022-11-01 2023-10-31 12273354 2023-10-31 12273354 core:RetainedEarningsAccumulatedLosses 2023-10-31 12273354 core:RevaluationReserve 2023-10-31 12273354 core:ShareCapital 2023-10-31 12273354 core:CurrentFinancialInstruments 2023-10-31 12273354 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 12273354 core:Non-currentFinancialInstruments 2023-10-31 12273354 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 12273354 core:FurnitureFittingsToolsEquipment 2023-10-31 12273354 bus:SmallEntities 2022-11-01 2023-10-31 12273354 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 12273354 bus:FullAccounts 2022-11-01 2023-10-31 12273354 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12273354 bus:RegisteredOffice 2022-11-01 2023-10-31 12273354 bus:Director1 2022-11-01 2023-10-31 12273354 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12273354 core:FurnitureFittingsToolsEquipment 2022-11-01 2023-10-31 12273354 core:OfficeEquipment 2022-11-01 2023-10-31 12273354 countries:EnglandWales 2022-11-01 2023-10-31 12273354 2022-10-31 12273354 core:FurnitureFittingsToolsEquipment 2022-10-31 12273354 2021-11-01 2022-10-31 12273354 2022-10-31 12273354 core:RetainedEarningsAccumulatedLosses 2022-10-31 12273354 core:RevaluationReserve 2022-10-31 12273354 core:ShareCapital 2022-10-31 12273354 core:CurrentFinancialInstruments 2022-10-31 12273354 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 12273354 core:Non-currentFinancialInstruments 2022-10-31 12273354 core:Non-currentFinancialInstruments core:AfterOneYear 2022-10-31 12273354 core:FurnitureFittingsToolsEquipment 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 12273354

Mytton John Property Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Mytton John Property Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Mytton John Property Ltd

Company Information

Director

Mrs Heather Patricia Saffie Mytton-Sanneh

Registered office

1 Market Hill
Calne
Wiltshire
SN11 0BT

Accountants

RiverView Portfolio Limited
1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Mytton John Property Ltd

(Registration number: 12273354)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

-

120

Investment property

6

210,000

205,000

 

210,000

205,120

Current assets

 

Debtors

7

613

620

Cash at bank and in hand

 

6,079

6,957

 

6,692

7,577

Creditors: Amounts falling due within one year

8

(1,988)

(1,212)

Net current assets

 

4,704

6,365

Total assets less current liabilities

 

214,704

211,485

Creditors: Amounts falling due after more than one year

8

(195,405)

(202,628)

Provisions for liabilities

(6,591)

(5,641)

Net assets

 

12,708

3,216

Capital and reserves

 

Called up share capital

1,000

1,000

Revaluation reserve

28,097

24,047

Retained earnings

(16,389)

(21,831)

Shareholders' funds

 

12,708

3,216

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

Director's responsibilities:

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 her 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.

Approved and authorised by the director on 26 July 2024
 

.........................................
Mrs Heather Patricia Saffie Mytton-Sanneh
Director

 

Mytton John Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

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

The address of its registered office is:
1 Market Hill
Calne
Wiltshire
SN11 0BT
England

These financial statements were authorised for issue by the director on 26 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% Straight Line

Investment property

The fair value of the properties at the year end have been arrived at on the basis of a valuation carried out at that
date by the director of the company, who is not a professionally qualified valuer. The valuation was arrived at
by reference to the market evidence of transaction prices for similar properties in the location the properties are
situated.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Mytton John Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

108

120

 

Mytton John Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2022

480

480

Disposals

(50)

(50)

At 31 October 2023

430

430

Depreciation

At 1 November 2022

360

360

Charge for the year

108

108

Eliminated on disposal

(38)

(38)

At 31 October 2023

430

430

Carrying amount

At 31 October 2023

-

-

At 31 October 2022

120

120

6

Investment properties

2023
£

At 1 November

205,000

Fair value adjustments

5,000

At 31 October

210,000

The fair value of the property at 31 October 2023 has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation of £210,000 was arrived at by reference to the market evidence of transaction prices for similar properties in its location the property is situated.

7

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

200

200

Prepayments

 

413

420

   

613

620

 

Mytton John Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

88

13

Accruals and deferred income

1,200

1,200

Other creditors

700

(1)

1,988

1,212

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

195,405

202,628

9

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

136,480

136,481

Other borrowings

58,925

66,147

195,405

202,628