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REGISTERED NUMBER: 12608103 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

FOR

MITCHELL & MASSEY LIMITED

MITCHELL & MASSEY LIMITED (REGISTERED NUMBER: 12608103)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MITCHELL & MASSEY LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024







DIRECTORS: L C Mitchell
M R Massey





REGISTERED OFFICE: Prospect House
78 High Street
Hurstpierpoint
BN6 9RQ





REGISTERED NUMBER: 12608103 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

MITCHELL & MASSEY LIMITED (REGISTERED NUMBER: 12608103)

BALANCE SHEET
30 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 3 1,650 -
Investment property 4 929,664 552,593
931,314 552,593

CURRENT ASSETS
Debtors 5 215,000 180,500
Cash at bank 21,585 142,944
236,585 323,444
CREDITORS
Amounts falling due within one year 6 (1,226,304 ) (900,259 )
NET CURRENT LIABILITIES (989,719 ) (576,815 )
TOTAL ASSETS LESS CURRENT LIABILITIES (58,405 ) (24,222 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (58,407 ) (24,224 )
(58,405 ) (24,222 )

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

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

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 July 2025 and were signed on its behalf by:




L C Mitchell - Director



M R Massey - Director


MITCHELL & MASSEY LIMITED (REGISTERED NUMBER: 12608103)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024


1. 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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

3. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 1,916
At 30 March 2024 1,916
DEPRECIATION
Charge for period 266
At 30 March 2024 266
NET BOOK VALUE
At 30 March 2024 1,650

MITCHELL & MASSEY LIMITED (REGISTERED NUMBER: 12608103)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 552,593
Additions 377,071
At 30 March 2024 929,664
NET BOOK VALUE
At 30 March 2024 929,664
At 31 March 2023 552,593

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 215,000 180,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 386,098 378,878
Other creditors 750,581 427,110
Directors' loan accounts 87,125 92,251
Accrued expenses 2,500 2,020
1,226,304 900,259

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Mr L Mitchell decreased his loan to the company. As at 31st March 2024, the company owed him £86,190 (2023: £91,628). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

Also, During the year, Mr M Massey increased his loan to the company. As at 31st March 2024, the company owed him £935 (2023: £623). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Liam Colin Mitchell and Mr Matthew Massey.

This was by virtue of their 100% holding of the issued share capital.