J Mitchell & Sons Ltd - Limited company accounts 25.1

REGISTERED NUMBER: 08586500 (England and Wales)

Report of the Directors and

Financial Statements for the Year Ended 30 June 2025

for

J Mitchell & Sons Ltd

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

J Mitchell

C D Mitchell

REGISTERED OFFICE:

20 Holmwood Drive

Formby

Merseyside

L37 1PQ

REGISTERED NUMBER:

08586500 (England and Wales)

ACCOUNTANTS:

M P Greaves Limited

Chartered Certified Accountants

74 Marmot Road

Liverpool

Merseyside

L37 6GB

The directors present their report with the financial statements of the company for the year ended 30 June 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of property rental.

DIRECTORS

J Mitchell has held office during the whole of the period from 1 July 2024 to the date of this report.

Other changes in directors holding office are as follows:

C D Mitchell - appointed 1 July 2024

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

J Mitchell - Director

16 September 2025

TURNOVER

21,722

19,398

Administrative expenses

9,657

60,420

12,065

(41,022

)

Other operating income

-

45,274

Gain/loss on revaluation of tangible assets

7,500

(48,683

)

OPERATING PROFIT/(LOSS)

4

19,565

(44,431

)

Interest payable and similar expenses

1,900

1,941

PROFIT/(LOSS) BEFORE TAXATION

17,665

(46,372

)

Tax on profit/(loss)

2,384

96

PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

15,281

(46,468

)

FIXED ASSETS

Tangible assets

5

289,166

283,888

CURRENT ASSETS

Debtors

6

308

638

Cash at bank

5,732

-

6,040

638

CREDITORS

Amounts falling due within one year

7

86,791

91,392

NET CURRENT LIABILITIES

(80,751

)

(90,754

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

208,415

193,134

CAPITAL AND RESERVES

Called up share capital

200

Retained earnings

208,215

192,934

SHAREHOLDERS' FUNDS

208,415

193,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by:

J Mitchell - Director

1.	STATUTORY INFORMATION

J Mitchell & Sons 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.

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	OPERATING PROFIT/(LOSS)

The operating profit (2024 - operating loss) is stated after charging:

30.6.25

30.6.24

£

Depreciation - owned assets

2,222

2,963

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1 July 2024

275,000

16,312

291,312

Revaluations

7,500

-

7,500

At 30 June 2025

282,500

16,312

298,812

DEPRECIATION

At 1 July 2024

-

7,424

Charge for year

-

2,222

At 30 June 2025

-

9,646

NET BOOK VALUE

At 30 June 2025

282,500

6,666

289,166

At 30 June 2024

275,000

8,888

283,888

Cost or valuation at 30 June 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

Valuation in 2017

(8,447

)

-

(8,447

)

Valuation in 2018

21,998

-

21,998

Valuation in 2020

89,000

-

89,000

Valuation in 2021

102,500

-

102,500

Valuation in 2022

313

-

313

Valuation in 2023

(6,000

)

-

(6,000

)

Valuation in 2024

(48,683

)

-

(48,683

)

Valuation in 2025

7,500

-

7,500

Cost

124,319

16,312

140,631

282,500

16,312

298,812

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.6.25

30.6.24

£

Cost

124,319

Freehold land and buildings were valued on an open market basis on 30 June 2025 by J Mitchell, Company Director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

Other debtors

308

638

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

Taxation and social security

2,557

173

Other creditors

84,234

91,219

86,791

91,392