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Registered number: 06967183

Mythop Gardens Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
Forbes Watson Limited
Accountants
The Old Bakery
Green Street
Lytham
Lancashire
FY8 5LG

Mythop Gardens Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
David Ashton
Simon Ashton
Timothy Ashton
Nicola Whitehead
Peter Whitehead
SECRETARY
Peter Whitehead
REGISTERED OFFICE
The Old Bakery
Green Street
Lytham St Annes
Lancashire
FY8 5LG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06967183
ACCOUNTANTS
Forbes Watson Limited
Accountants
The Old Bakery
Green Street
Lytham
Lancashire
FY8 5LG

Mythop Gardens Limited

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Mythop Gardens Limited

BALANCE SHEET AT 31/03/2024
20242023
Notes££
CURRENT ASSETS
Stock-2,921,577
Debtors43,13425,426
Cash at bank and in hand29,73931,100
32,8732,978,103
CREDITORS: Amounts falling due within one year5972,8053,718,656
NET CURRENT LIABILITIES(939,932)(740,553)
TOTAL ASSETS LESS CURRENT LIABILITIES(939,932)(740,553)
CAPITAL AND RESERVES
Called up share capital6100100
Profit and loss account(940,032)(740,653)
SHAREHOLDERS' FUNDS(939,932)(740,553)
For the year ending 31/03/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12/12/2024 and signed on their behalf by
.............................
Peter Whitehead
Director
.............................
David Ashton
Director

Mythop Gardens Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1c. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
2. EMPLOYEES
20242023
No.No.
Average number of employees11
3. STOCK 20242023
££
Stock comprises:
Work in progress-2,921,577
-2,921,577
4. DEBTORS 20242023
££
Amounts falling due within one year
VAT3,13425,426
3,13425,426

Mythop Gardens Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax78-
PAYE control2,1743,696
Close Brothers loan-2,372,605
Bounce Back loan24,11334,024
Trade creditors147,782198,063
Ashton family loan145,235358,411
Windmill loan542,873450,917
Accruals-89,630
Deposits held110,550211,310
972,8053,718,656
6. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Class 1 shares of £1 each100100
100100