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REGISTERED NUMBER: 01205225 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

JOHN P. MITCHELL (ESTATES) LIMITED

JOHN P. MITCHELL (ESTATES) LIMITED (REGISTERED NUMBER: 01205225)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


JOHN P. MITCHELL (ESTATES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr J P Mitchell
Miss K A Mitchell
Mrs S P Mitchell





SECRETARY: Miss K A Mitchell





REGISTERED OFFICE: Edge View Barn
Gore Lane
Alderley Edge
Cheshire
SK9 7SP





REGISTERED NUMBER: 01205225 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

JOHN P. MITCHELL (ESTATES) LIMITED (REGISTERED NUMBER: 01205225)

BALANCE SHEET
30 SEPTEMBER 2024

30/9/24 30/9/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 291 388
Investment property 5 500,000 500,000
500,291 500,388

CURRENT ASSETS
Debtors 6 632 613
Cash at bank 45,278 26,080
45,910 26,693
CREDITORS
Amounts falling due within one year 7 72,975 49,615
NET CURRENT LIABILITIES (27,065 ) (22,922 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

473,226

477,466

PROVISIONS FOR LIABILITIES 8 80,564 61,270
NET ASSETS 392,662 416,196

CAPITAL AND RESERVES
Called up share capital 9 3,010 3,010
Fair value reserve 10 241,474 263,258
Retained earnings 148,178 149,928
SHAREHOLDERS' FUNDS 392,662 416,196

JOHN P. MITCHELL (ESTATES) LIMITED (REGISTERED NUMBER: 01205225)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

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 24 December 2024 and were signed on its behalf by:





Mr J P Mitchell - Director


JOHN P. MITCHELL (ESTATES) LIMITED (REGISTERED NUMBER: 01205225)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

John P. Mitchell (Estates) 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rents, excluding value added tax.

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 etc - 33% on cost and 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 3 (2023 - 3 ) .

JOHN P. MITCHELL (ESTATES) LIMITED (REGISTERED NUMBER: 01205225)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 5,932
DEPRECIATION
At 1 October 2023 5,544
Charge for year 97
At 30 September 2024 5,641
NET BOOK VALUE
At 30 September 2024 291
At 30 September 2023 388

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 500,000
NET BOOK VALUE
At 30 September 2024 500,000
At 30 September 2023 500,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 1993 44,376
Valuation in 2023 277,589
Cost 178,035
500,000

Freehold land and buildings were valued on an open market basis on 30th September 2023 by the directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Other debtors 632 613

JOHN P. MITCHELL (ESTATES) LIMITED (REGISTERED NUMBER: 01205225)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Taxation and social security 2,915 3,870
Other creditors 70,060 45,745
72,975 49,615

8. PROVISIONS FOR LIABILITIES
30/9/24 30/9/23
£    £   
Deferred tax
Other timing differences 80,491 61,173
Capital allowances in excess of depreciation 73 97
80,564 61,270

Deferred
tax
£   
Balance at 1 October 2023 61,270
Profit and loss account 19,294
Balance at 30 September 2024 80,564

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/9/24 30/9/23
value: £    £   
3,010 Ordinary £1 3,010 3,010

10. RESERVES
Fair
value
reserve
£   
At 1 October 2023 263,258
Reserves transfer (21,784 )

At 30 September 2024 241,474