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REGISTERED NUMBER: 05395900 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Mitchell Griffin Wealth Management
Limited

Mitchell Griffin Wealth Management
Limited (Registered number: 05395900)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Mitchell Griffin Wealth Management
Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr G J Mitchell





SECRETARY: Mrs C J E Mitchell





REGISTERED OFFICE: 1 College Farm Buildings
Tetbury Road
Cirencester
Gloucestershire
GL7 6PY





REGISTERED NUMBER: 05395900 (England and Wales)





ACCOUNTANTS: Duncan King FCA
2 MacNeice Drive
Barton Park
Marlborough
Wiltshire
SN8 1TR

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Mitchell Griffin Wealth Management
Limited

The following reproduces the text of the report prepared for the director 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 Director 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 Mitchell Griffin Wealth Management Limited for the year ended 30 April 2024 which comprise the Statement of Income and Retained Earnings, 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 director of Mitchell Griffin Wealth Management Limited in accordance with the terms of our engagement letter dated 15 January 2008. Our work has been undertaken solely to prepare for your approval the financial statements of Mitchell Griffin Wealth Management Limited and state those matters that we have agreed to state to the director of Mitchell Griffin Wealth Management Limited 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 Mitchell Griffin Wealth Management Limited and its director for our work or for this report.

It is your duty to ensure that Mitchell Griffin Wealth Management 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 Mitchell Griffin Wealth Management Limited. You consider that Mitchell Griffin Wealth Management 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 Mitchell Griffin Wealth Management 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.






Duncan King FCA
2 MacNeice Drive
Barton Park
Marlborough
Wiltshire
SN8 1TR


20 January 2025

Mitchell Griffin Wealth Management
Limited (Registered number: 05395900)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,983 863

CURRENT ASSETS
Debtors 5 152,336 69,684
Cash at bank and in hand 178,160 217,813
330,496 287,497
CREDITORS
Amounts falling due within one year 6 161,507 131,202
NET CURRENT ASSETS 168,989 156,295
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,972

157,158

CREDITORS
Amounts falling due after more than one
year

7

32,577

38,136
NET ASSETS 138,395 119,022

CAPITAL AND RESERVES
Called up share capital 1,980 1,980
Retained earnings 136,415 117,042
SHAREHOLDERS' FUNDS 138,395 119,022

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

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

Mitchell Griffin Wealth Management
Limited (Registered number: 05395900)

Balance Sheet - continued
30 April 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 November 2024 and were signed by:





Mr G J Mitchell - Director


Mitchell Griffin Wealth Management
Limited (Registered number: 05395900)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Mitchell Griffin Wealth Management 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 represents the total value of commissions received and fees invoiced during the year and it is attributable to the principal activity of the company.

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 - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Mitchell Griffin Wealth Management
Limited (Registered number: 05395900)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 66,650
Additions 1,807
At 30 April 2024 68,457
DEPRECIATION
At 1 May 2023 65,787
Charge for year 687
At 30 April 2024 66,474
NET BOOK VALUE
At 30 April 2024 1,983
At 30 April 2023 863

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 32,968 34,557
Other debtors 119,368 35,127
152,336 69,684

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 6,618 6,618
Taxation and social security 102,610 65,584
Other creditors 52,279 59,000
161,507 131,202

Mitchell Griffin Wealth Management
Limited (Registered number: 05395900)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 32,577 38,136

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Mr G J Mitchell
Balance outstanding at start of year - -
Amounts advanced 99,411 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 99,411 -

Advances to the Director are interest bearing and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G J Mitchell.