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REGISTERED NUMBER: 10725163 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MITTON HOLDINGS LIMITED

MITTON HOLDINGS LIMITED (REGISTERED NUMBER: 10725163)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MITTON HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mrs D L Ram
D G Mitton





SECRETARY: D G Mitton





REGISTERED OFFICE: Third Floor
Towers Point
Wheelhouse Road
Rugeley
Staffordshire
WS15 1UN





REGISTERED NUMBER: 10725163 (England and Wales)





ACCOUNTANTS: Poole Waterfield Limited
Ground Floor
Custom House
Waterfront East
Brierley Hill
West Midlands
DY5 1XH

MITTON HOLDINGS LIMITED (REGISTERED NUMBER: 10725163)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Investments 4 716,000 716,000

CURRENT ASSETS
Debtors 5 1,045 1,732
Cash at bank 253,924 300,727
254,969 302,459
CREDITORS
Amounts falling due within one year 6 105,000 155,000
NET CURRENT ASSETS 149,969 147,459
TOTAL ASSETS LESS CURRENT
LIABILITIES

865,969

863,459

CREDITORS
Amounts falling due after more than one
year

7

84,900

139,900
NET ASSETS 781,069 723,559

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 780,969 723,459
SHAREHOLDERS' FUNDS 781,069 723,559

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

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

MITTON HOLDINGS LIMITED (REGISTERED NUMBER: 10725163)

BALANCE SHEET - continued
31 DECEMBER 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 16 May 2025 and were signed on its behalf by:





Mrs D L Ram - Director


MITTON HOLDINGS LIMITED (REGISTERED NUMBER: 10725163)

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

1. STATUTORY INFORMATION

Mitton Holdings 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Basic financial instruments are recognised at amortised cost.

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 NIL (2023 - NIL).

MITTON HOLDINGS LIMITED (REGISTERED NUMBER: 10725163)

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

4. FIXED ASSET INVESTMENTS
Shares
in group
company
£   
COST
At 1 January 2024
and 31 December 2024 716,000
NET BOOK VALUE
At 31 December 2024 716,000
At 31 December 2023 716,000

The above is an investment in a wholly owned subsidiary, Glen Mitton Limited.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed by group undertakings 1,045 1,732

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other loans 55,000 55,000
Directors' current accounts 50,000 100,000
105,000 155,000

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Other loans - 1-2 years 55,000 55,000
Other loans - 2-5 years 29,900 84,900
84,900 139,900

The other loans represent loan notes held by family members of the directors.

MITTON HOLDINGS LIMITED (REGISTERED NUMBER: 10725163)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Other loans 139,900 194,899

The loans are secured by way of:-

a) a fixed charge on all properties present and future, goodwill and uncalled capital and equipment

b) a floating charge on the undertaking and all other property and assets of the Company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £ £
70 A Shares £1 70 70
30 B Shares £1 30 30
100 100