Mitchell Property Cumbria Limited


Director	MITCHELL, Christopher Michael


Registered Address	Brunswick House
	Harbour Business Park
	Maryport
	CA15 8BF


Registered Number	10655788 (England and Wales)

Statement of Financial Position
30 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		196		245
Investment property	4		1,956,659		1,856,972
			1,956,855		1,857,217
Current assets
Debtors		7,434		2,848
Cash at bank and on hand		1,302		24,777
		8,736		27,625
Creditors amounts falling due within one year	5	(308,069)		(247,492)
Net current assets (liabilities)			(299,333)		(219,867)
Total assets less current liabilities			1,657,522		1,637,350
Net assets			1,657,522		1,637,350
Capital and reserves
Called up share capital			100		100
Share premium			1,524,901		1,524,901
Profit and loss account			132,521		112,349
Shareholders' funds			1,657,522		1,637,350

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 8 October 2025, and are signed on its behalf by:

MITCHELL, Christopher Michael
Director
Registered Company No. 10655788

Mitchell Property Cumbria Limited

Notes to the Financial Statements
for the year ended 30 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Office Equipment	20

	Investment property
	Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 31 March 24	599	599
At 30 March 25	599	599
Depreciation and impairment
At 31 March 24	354	354
Charge for year	49	49
At 30 March 25	403	403
Net book value
At 30 March 25	196	196
At 30 March 24	245	245

4.	Investment property


		£
	Fair value at 31 March 24	1,856,972
	Additions	99,687
	At 30 March 25	1,956,659

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	-	4,414
Taxation and social security	4,743	4,558
Other creditors	302,106	236,939
Accrued liabilities and deferred income	1,220	1,581
Total	308,069	247,492