REGISTERED NUMBER: 00847718 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

R G MITCHELL (AMUSEMENTS) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Director:

Mrs A G Goodere

Registered office:

The Barn

Everingtons Lane

Skegness

Lincolnshire

PE25 1HN

Registered number:

00847718 (England and Wales)

Accountants:

Haines Watts

23 Algitha Road

Skegness

United Kingdom

PE25 2AG

Fixed assets

Tangible assets

4

-

-

Investment property

5

276,023

276,023

276,023

276,023

Current assets

Debtors

6

160,850

94,058

Cash at bank

35,885

130,587

196,735

224,645

Creditors

Amounts falling due within one year

7

13,495

26,659

Net current assets

183,240

197,986

Total assets less current liabilities

459,263

474,009

Capital and reserves

Called up share capital

8

500

500

Fair value reserve

9

99,919

99,919

Retained earnings

9

358,844

373,590

Shareholders' funds

459,263

474,009

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 5 December 2025 and were signed by:

Mrs A G Goodere - Director

1.	Statutory information

R G Mitchell (Amusements) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

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

Office equipment

-

Straight line over 3 years

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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2024 - 1 ).

4.	Tangible fixed assets

Office

equipment

£

Cost

At 1 April 2024

and 31 March 2025

2,539

Depreciation

At 1 April 2024

and 31 March 2025

2,539

Net book value

At 31 March 2025

-

At 31 March 2024

-

5.	Investment property

Total

£

Fair value

At 1 April 2024

and 31 March 2025

276,023

Net book value

At 31 March 2025

276,023

At 31 March 2024

276,023

Fair value at 31 March 2025 is represented by:

£

Valuation in 2018

276,023

The Company's investment property was valued at 31 March 2025 by Mrs A G Goodere, a Director at the current market value.

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

-

6,502

Directors' loan accounts

125,309

65,126

Tax

35,541

21,980

VAT

-

450

160,850

94,058

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

780

276

Corporation tax

12,715

24,679

Social security and other taxes

-

1,704

13,495

26,659

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

500

Ordinary

£1

500

500

9.

Reserves

Retained

Fair value

earnings

reserve

Totals

£

£

£

At 1 April 2024

373,590

99,919

473,509

Profit for the year

23,254

23,254

Dividends

(38,000

)

(38,000

)

At 31 March 2025

358,844

99,919

458,763