Gordon Mytton Developments Limited Company accounts

COMPANY REGISTRATION NUMBER: 01301308

Gordon Mytton Developments Limited

Unaudited Financial Statements

30 April 2025

Gordon Mytton Developments Limited

Financial Statements

Year ended 30 April 2025

Contents	Page

Directors' report	1

Statement of comprehensive income	2

Statement of financial position	3

Statement of changes in equity	5

Notes to the financial statements	6

The following pages do not form part of the financial statements

Chartered accountants & business advisers report to the board of directors on the preparation of the unaudited statutory financial statements	12

Gordon Mytton Developments Limited

Directors' Report

Year ended 30 April 2025

The directors present their report and the unaudited financial statements of the company for the year ended 30 April 2025 .

Directors

The directors who served the company during the year were as follows:

Mr G Mytton
Mr J L Mytton
Mrs V J Mytton

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 7 January 2026 and signed on behalf of the board by:

Mr J L Mytton

Director

Registered office:

15 Dee Court

Bangor-On-Dee

Wrexham

Wrexham County Borough

LL13 0AQ

Gordon Mytton Developments Limited

Statement of Comprehensive Income

Year ended 30 April 2025

	2025	2024
Note	£	£
Turnover	151,103	140,592

	---------	---------
Gross profit	151,103	140,592

Administrative expenses	55,880	73,552
Other operating income	460	5,065
	---------	---------
Operating profit	95,683	72,105

Gain on financial assets at fair value through profit or loss		25,000	62,072
Other interest receivable and similar income		1,000	175
Interest payable and similar expenses		24,778	26,791
		---------	---------
Profit before taxation	5	96,905	107,561

Tax on profit	27,833	18,465
	--------	---------
Profit for the financial year	69,072	89,096
	--------	---------

Revaluation of tangible assets	–	89,200
Tax relating to components of other comprehensive income	–	( 8,930)
	----	--------
Other comprehensive income for the year	–	80,270
	--------	---------
Total comprehensive income for the year	69,072	169,366
	--------	---------

All the activities of the company are from continuing operations.

Gordon Mytton Developments Limited

Statement of Financial Position

30 April 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	6	150,000	150,000
Investments	7	3,939,000	3,914,000
		------------	------------
		4,089,000	4,064,000

Current assets

Debtors	8	3,044	5,018
Investments	9	105,000	105,000
Cash at bank and in hand		1,238	766
		---------	---------
		109,282	110,784

Creditors: amounts falling due within one year	10	172,160	121,622
		---------	---------
Net current liabilities		62,878	10,838
		------------	------------
Total assets less current liabilities		4,026,122	4,053,162

Creditors: amounts falling due after more than one year	11	298,743	338,257

Provisions	306,595	293,757
	------------	------------
Net assets	3,420,784	3,421,148
	------------	------------

Capital and reserves

Called up share capital	57	57
Revaluation reserve	147,901	147,901
Capital redemption reserve	43	43
Profit and loss account	3,272,783	3,273,147
	------------	------------
Shareholders funds	3,420,784	3,421,148
	------------	------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Gordon Mytton Developments Limited

Statement of Financial Position (continued)

30 April 2025

These financial statements were approved by the board of directors and authorised for issue on 7 January 2026 , and are signed on behalf of the board by:

Mr J L Mytton

Director

Company registration number: 01301308

Gordon Mytton Developments Limited

Statement of Changes in Equity

Year ended 30 April 2025

			Called up share capital	Revaluation reserve	Capital redemption reserve	Profit and loss account	Total
Note			£	£	£	£	£
At 1 May 2023			57	1,861,926	43	1,443,716	3,305,742

Profit for the year						89,096	89,096
Other comprehensive income for the year:
	Revaluation of tangible assets	6	–	89,200	–	–	89,200
	Reclassification from revaluation reserve to profit and loss account		–	( 1,794,295)	–	1,794,295	–
	Tax relating to components of other comprehensive income		–	( 8,930)	–	–	( 8,930)
			----	------------	----	------------	------------
Total comprehensive income for the year			–	( 1,714,025)	–	1,883,391	169,366

Dividends paid and payable			–	–	–	( 53,960)	( 53,960)
			----	------------	----	------------	------------
Total investments by and distributions to owners			–	–	–	( 53,960)	( 53,960)

At 30 April 2024			57	147,901	43	3,273,147	3,421,148

Profit for the year						69,072	69,072
			----	------------	----	------------	------------
Total comprehensive income for the year			–	–	–	69,072	69,072

Dividends paid and payable			–	–	–	( 69,436)	( 69,436)
			----	----	----	--------	--------
Total investments by and distributions to owners			–	–	–	( 69,436)	( 69,436)

			----	---------	----	------------	------------
At 30 April 2025			57	147,901	43	3,272,783	3,420,784
			----	---------	----	------------	------------

Gordon Mytton Developments Limited

Notes to the Financial Statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 15 Dee Court, Bangor-On-Dee, Wrexham, LL13 0AQ, Wrexham County Borough.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Investments

Current asset investments are initially recognised at cost and subsequently accounted for at fair value. Gains and losses in value are shown though the profit and loss account. Unless the fair value cannot be measured reliably without undue cost or effort, in which case it is accounted for at cost.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Fixtures and fittings	-	10% straight line
Motor vehicles	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

The following assets and liabilities within the accounts are classified as financial instruments - trade debtors, trade creditors and directors loans. Directors loans (being repayable upon demand), trade debtors and trade creditors, are measured at the undiscounted amount of cash or other consideration expected to be paid or received. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of Income and Retained Earnings.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	–	109
	----	----

6. Tangible assets

	Freehold property	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 May 2024 and 30 April 2025	150,000	3,267	21,665	174,932
	---------	-------	--------	---------
Depreciation
At 1 May 2024 and 30 April 2025	–	3,267	21,665	24,932
	---------	-------	--------	---------
Carrying amount
At 30 April 2025	150,000	–	–	150,000
	---------	-------	--------	---------
At 30 April 2024	150,000	–	–	150,000
	---------	-------	--------	---------

7. Investments

	Other investments other than loans
	£
Cost
At 1 May 2024	3,914,000
Revaluations	25,000
	------------
At 30 April 2025	3,939,000
	------------
Impairment
At 1 May 2024 and 30 April 2025	–
	------------

Carrying amount
At 30 April 2025	3,939,000
	------------
At 30 April 2024	3,914,000
	------------

8. Debtors

	2025	2024
	£	£
Trade debtors	1,240	1,039
Other debtors	1,804	3,979
	-------	-------
	3,044	5,018
	-------	-------

9. Investments

	2025	2024
	£	£
Other investments	105,000	105,000
	---------	---------

10. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	39,019	14,653
Trade creditors	1,651	3,544
Social security and other taxes	21,210	23,071
Other creditors	110,280	80,354
	---------	---------
	172,160	121,622
	---------	---------

11. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	298,743	337,762
Other creditors	–	495
	---------	---------
	298,743	338,257
	---------	---------

12. Directors' advances, credits and guarantees

The directors operate loan accounts with the company. At the start of the period the opening balance was £63,473 credit (2024 £16,887 credit) and the closing balance was £96,622 credit (2024 £63,473 credit). The loans are interest free and repayable on demand.

Gordon Mytton Developments Limited

Management Information

Year ended 30 April 2025

The following pages do not form part of the financial statements.

Gordon Mytton Developments Limited

Chartered Accountants & Business Advisers Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Gordon Mytton Developments Limited

Year ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gordon Mytton Developments Limited for the year ended 30 April 2025, which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Gordon Mytton Developments Limited, as a body, in accordance with the terms of our engagement letter dated 25 September 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Gordon Mytton Developments Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gordon Mytton Developments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gordon Mytton Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gordon Mytton Developments Limited. You consider that Gordon Mytton Developments Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Gordon Mytton Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BRUCE ROBERTS & CO LIMITED Chartered Accountants & Business Advisers

Unit 10, Edison Court Ellice Way Wrexham Technology Park Wrexham LL13 7YT

7 January 2026