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REGISTERED NUMBER: 13203089 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

MITCHAM LANE PROPCO LIMITED

MITCHAM LANE PROPCO LIMITED (REGISTERED NUMBER: 13203089)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MITCHAM LANE PROPCO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr W P Mead
Mr L S Mead
Mr A J Oliver
Mr C R Patel





REGISTERED OFFICE: Solar House 282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 13203089 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

MITCHAM LANE PROPCO LIMITED (REGISTERED NUMBER: 13203089)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £   
CURRENT ASSETS
Stocks 4 7,085,278 5,249,288
Debtors 5 33,400 42,047
Cash at bank and in hand 13,129 9,917
7,131,807 5,301,252
CREDITORS
Amounts falling due within one year 6 1,605,950 5,301,152
NET CURRENT ASSETS 5,525,857 100
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,525,857

100

CREDITORS
Amounts falling due after more than one
year

7

5,510,000

-
NET ASSETS 15,857 100

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 15,757 -
SHAREHOLDERS' FUNDS 15,857 100

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

MITCHAM LANE PROPCO LIMITED (REGISTERED NUMBER: 13203089)

BALANCE SHEET - continued
31 JULY 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 Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:





Mr C R Patel - Director


MITCHAM LANE PROPCO LIMITED (REGISTERED NUMBER: 13203089)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Mitcham Lane Propco 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.

Stocks and work in progress
Property in the course of development is stated at the lower of direct cost and net realisable value. Direct cost comprises the cost of land, development and construction costs to date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. STOCKS
31.7.24 31.7.23
£    £   
Work-in-progress 7,085,278 5,249,288

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 3,400 -
Amounts due from related party 30,000 -
VAT - 42,047
33,400 42,047

MITCHAM LANE PROPCO LIMITED (REGISTERED NUMBER: 13203089)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 238,090 21,184
Amounts owed to group undertakings 1,330,743 5,278,718
Tax 3,981 -
VAT 31,886 -
Accrued expenses 1,250 1,250
1,605,950 5,301,152

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans (see note 8) 5,510,000 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,510,000 -

8. LOANS

An analysis of the maturity of loans is given below:

31.7.24 31.7.23
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 5,510,000 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
10,000 Ordinary 0.01 100 100