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REGISTERED NUMBER: 05597949 (England and Wales)









Report of the Director and

Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Mitchells Group Limited

Mitchells Group Limited (Registered number: 05597949)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Mitchells Group Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D C Mitchell





SECRETARY: D C Mitchell





REGISTERED OFFICE: Stonelands House
Litton
Skipton
BD235QH





REGISTERED NUMBER: 05597949 (England and Wales)






Mitchells Group Limited (Registered number: 05597949)

Report of the Director
for the Year Ended 31 March 2024

The director presents his report with the financial statements of the company for the year ended 31 March 2024.

DIRECTOR
D C Mitchell held office during the whole of the period from 1 April 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





D C Mitchell - Director


20 December 2024

Mitchells Group Limited (Registered number: 05597949)

Income Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

TURNOVER 337,628 161,833

Administrative expenses 252,212 208,906
85,416 (47,073 )

Other operating income 3,311,816 -
OPERATING PROFIT/(LOSS) 4 3,397,232 (47,073 )

Income from shares in group undertakings 34,500 261,000
3,431,732 213,927
Amounts written off investments 342,164 -
3,089,568 213,927

Interest payable and similar expenses 22,803 16,989
PROFIT BEFORE TAXATION 3,066,765 196,938

Tax on profit 25,000 (12,273 )
PROFIT FOR THE FINANCIAL YEAR 3,041,765 209,211

Mitchells Group Limited (Registered number: 05597949)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 373,126 373,126
Tangible assets 6 1,072,004 1,081,371
Investments 7 2,276,223 363,348
3,721,353 1,817,845

CURRENT ASSETS
Debtors 8 68,731 371,588
Cash at bank 1,465,970 13,796
1,534,701 385,384
CREDITORS
Amounts falling due within one year 9 663,389 331,190
NET CURRENT ASSETS 871,312 54,194
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,592,665

1,872,039

CREDITORS
Amounts falling due after more than one year 10 4,462,410 1,783,549
NET ASSETS 130,255 88,490

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 130,155 88,390
SHAREHOLDERS' FUNDS 130,255 88,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Mitchells Group Limited (Registered number: 05597949)

Balance Sheet - continued
31 March 2024


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

The financial statements were approved by the director and authorised for issue on 20 December 2024 and were signed by:





D C Mitchell - Director


Mitchells Group Limited (Registered number: 05597949)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Mitchells Group 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.

Goodwill
Partnership Capital, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. OPERATING PROFIT/(LOSS)

The operating profit (2023 - operating loss) is stated after charging:

31.3.24 31.3.23
£    £   
Depreciation - owned assets 9,505 8,730

Mitchells Group Limited (Registered number: 05597949)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 373,126 70,973 444,099
AMORTISATION
At 1 April 2023
and 31 March 2024 - 70,973 70,973
NET BOOK VALUE
At 31 March 2024 373,126 - 373,126
At 31 March 2023 373,126 - 373,126

6. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST
At 1 April 2023 592,042 459,181 21,500
Additions - - -
At 31 March 2024 592,042 459,181 21,500
DEPRECIATION
At 1 April 2023 - - 7,719
Charge for year - - 5,375
At 31 March 2024 - - 13,094
NET BOOK VALUE
At 31 March 2024 592,042 459,181 8,406
At 31 March 2023 592,042 459,181 13,781

Mitchells Group Limited (Registered number: 05597949)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 39,013 5,479 1,117,215
Additions - 138 138
At 31 March 2024 39,013 5,617 1,117,353
DEPRECIATION
At 1 April 2023 24,784 3,341 35,844
Charge for year 3,560 570 9,505
At 31 March 2024 28,344 3,911 45,349
NET BOOK VALUE
At 31 March 2024 10,669 1,706 1,072,004
At 31 March 2023 14,229 2,138 1,081,371

7. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 April 2023 188,248 175,100 363,348
Additions - 2,247,207 2,247,207
Disposals (188,248 ) (146,084 ) (334,332 )
At 31 March 2024 - 2,276,223 2,276,223
NET BOOK VALUE
At 31 March 2024 - 2,276,223 2,276,223
At 31 March 2023 188,248 175,100 363,348

8. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 7,143 11,924

Mitchells Group Limited (Registered number: 05597949)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DEBTORS - continued
31.3.24 31.3.23
£    £   
Amounts falling due after more than one year:
Trade debtors 7,562 307,562
Amounts owed by group undertakings 54,026 52,102
61,588 359,664

Aggregate amounts 68,731 371,588

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 73,672 50,321
Trade creditors 511 26,866
Taxation and social security 31,525 7,650
Other creditors 557,681 246,353
663,389 331,190

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 245,893 319,473
Amounts owed to group undertakings 4,192,767 1,459,076
Other creditors 23,750 5,000
4,462,410 1,783,549