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REGISTERED NUMBER: 03047585 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

MIXMATE LTD

MIXMATE LTD (REGISTERED NUMBER: 03047585)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MIXMATE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: R M Slinn
Mrs P C Bridges





REGISTERED OFFICE: 3 Bluebell Woods
Lake Lane Barnham
Bognor Regis
West Sussex
PO22 0BZ





REGISTERED NUMBER: 03047585 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

MIXMATE LTD (REGISTERED NUMBER: 03047585)

BALANCE SHEET
30 APRIL 2024

2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 274 343
Investment property 5 1,605,000 1,734,000
1,605,274 1,734,343

CURRENT ASSETS
Debtors 6 3,791 -
Cash at bank 10,124 9,598
13,915 9,598
CREDITORS
Amounts falling due within one year 7 1,041,852 567,062
NET CURRENT LIABILITIES (1,027,937 ) (557,464 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

577,337

1,176,879

CREDITORS
Amounts falling due after more than one year 8 - (474,500 )

PROVISIONS FOR LIABILITIES (97,168 ) (129,349 )
NET ASSETS 480,169 573,030

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserve 362,143 458,962
Retained earnings 117,926 113,968
480,169 573,030

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 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.

MIXMATE LTD (REGISTERED NUMBER: 03047585)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:





Mrs P C Bridges - Director


MIXMATE LTD (REGISTERED NUMBER: 03047585)

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


1. STATUTORY INFORMATION

Mixmate Ltd 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.

The presentational currency of the financial statements is the Pound Sterling (£) which is rounded to the nearest pound (£).

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
Rental income is recognised in the accounts in the period in which the rent falls due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on reducing balance

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

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 2 (2023 - 2 ) .

MIXMATE LTD (REGISTERED NUMBER: 03047585)

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


4. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 May 2023
and 30 April 2024 1,596
DEPRECIATION
At 1 May 2023 1,253
Charge for year 69
At 30 April 2024 1,322
NET BOOK VALUE
At 30 April 2024 274
At 30 April 2023 343

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 May 2023 1,734,000
Revaluations (129,000 )
At 30 April 2024 1,605,000
NET BOOK VALUE
At 30 April 2024 1,605,000
At 30 April 2023 1,734,000

Investment property is shown at the most recent market valuation on 30 April 2024. The valuations were calculated by the directors, having made reference to the recent sales values of similar properties in the same area. The historical cost of the Investment property at 30 April 2024 was £1,145,687 (2023: £1,145,687).

Fair value at 30 April 2024 is represented by:
£
Valuation in 2016 146,205
Valuation in 2017 20,000
Valuation in 2019 30,615
Valuation in 2020 30,000
Valuation in 2021 35,000
Valuation in 2022 152,493
Valuation in 2023 174,000
Valuation in 2024 (129,000 )
Cost 1,145,687
1,605,000

MIXMATE LTD (REGISTERED NUMBER: 03047585)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£ £
Other debtors 3,791 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£ £
Trade creditors 14,385 117
Taxation and social security 992 2,058
Other creditors 1,026,475 564,887
1,041,852 567,062

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
as restated
£ £
Other creditors - 474,500