| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| FOR |
| MYTON INVESTMENTS LTD |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| FOR |
| MYTON INVESTMENTS LTD |
| MYTON INVESTMENTS LTD (REGISTERED NUMBER: 09814441) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| MYTON INVESTMENTS LTD |
| COMPANY INFORMATION |
| for the year ended 31 March 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| MYTON INVESTMENTS LTD (REGISTERED NUMBER: 09814441) |
| BALANCE SHEET |
| 31 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Fair value reserve | 10 |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| 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. |
| MYTON INVESTMENTS LTD (REGISTERED NUMBER: 09814441) |
| BALANCE SHEET - continued |
| 31 March 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| MYTON INVESTMENTS LTD (REGISTERED NUMBER: 09814441) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| Myton Investments Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The principal accounting policies adopted in the preparation of the financial statements are set out below and remain consistent with the prior year. |
| At the balance sheet date the company had net current liabilities of £570,458 (2024 - £509,243) and total net assets of £13,907,590 (2024 - £13,452,498). The directors have expressed their willingness to support the company as necessary and along with the forecasted future profitable trade the business is considered a going concern. The accounts and financial statements have therefore been prepared on a going concern basis. |
| Income |
| Income comprises the value of rents receivable in accordance with applicable leases and investment income from fixed asset investments. |
| Tangible fixed assets |
| 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, and subsequently transferred to the fair value reserve. |
| Financial instruments |
| Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. |
| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement. |
| 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. |
| MYTON INVESTMENTS LTD (REGISTERED NUMBER: 09814441) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 March 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Investments |
| Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment. |
| Preference shares |
| Preference shares that provide for mandatory redemption by the issuer for a fixed or determinable amount at a fixed or determinable future date, or give the holder the right to require the issuer to redeem the instrument at or after a particular date for a fixed or determinable amount are classified as financial liabilities. Preference shares without these characteristics are classified within equity. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Motor |
| vehicles |
| £ |
| COST |
| Additions |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| 5. | FIXED ASSET INVESTMENTS |
| 2025 | 2024 |
| £ | £ |
| Participating interests |
| Loans to undertakings in which the company has a participating interest |
| Other investments not loans |
| MYTON INVESTMENTS LTD (REGISTERED NUMBER: 09814441) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 March 2025 |
| 5. | FIXED ASSET INVESTMENTS - continued |
| Additional information is as follows: |
| Interest |
| in joint | Other |
| venture | investments | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 April 2024 | 4,743,588 |
| Additions | 1,372,171 |
| Disposals | ( |
) | (890,122 | ) |
| Revaluations | ( |
) | (95,410 | ) |
| At 31 March 2025 | 5,130,227 |
| NET BOOK VALUE |
| At 31 March 2025 | 5,130,227 |
| At 31 March 2024 | 4,743,588 |
| Cost or valuation at 31 March 2025 is represented by: |
| Interest |
| in joint | Other |
| venture | investments | Totals |
| £ | £ | £ |
| Valuation in 2024 | 10 | 5,130,217 | 5,130,227 |
| Loans to |
| joint |
| ventures |
| £ |
| At 1 April 2024 |
| New in year |
| At 31 March 2025 |
| The historic cost of listed fixed asset investments totals £4,255,061 (2024 - £3,793,771). |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2024 |
| and 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| Directors believe that the fair value of investment property materially approximates to its historic costs. |
| MYTON INVESTMENTS LTD (REGISTERED NUMBER: 09814441) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 March 2025 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary A | £1 | 100 | 100 |
| Preference | £1 | 10,000,000 | 10,000,000 |
| Ordinary B | £1 | 1,000 | 1,000 |
| 10,001,100 | 10,001,100 |
| 10. | RESERVES |
| Fair |
| Retained | value |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 April 2024 | 3,451,398 |
| Profit for the year | - |
| Dividends | ( |
) | - | ( |
) |
| Reserve transfer | 55,988 | (55,988 | ) | - |
| At 31 March 2025 | 3,923,477 |
| Retained earnings |
| Retained earnings represent cumulative retained profits and losses from incorporation. |
| Fair value reserve |
| This reserve represents cumulative adjustments to the carrying value of investment portfolios held. |
| 11. | RELATED PARTY DISCLOSURES |
| In 2018, Mrs VM Bosworth granted a loan to the company totalling £1,200,000, in order to help fund the purchase of a further investment property. This is a 3% interest bearing loan that is repayable upon demand and as such is included within current liabilities at the year end. |
| MYTON INVESTMENTS LTD (REGISTERED NUMBER: 09814441) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 March 2025 |
| 12. | CONTROLLING INTERESTS |
| The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company. |