Company registration number 04339548 (England and Wales)
MISTYGLEN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
MISTYGLEN LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2025
- 1 -

The directors present their annual report and financial statements for the year ended 30 June 2025.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr P T Garry MRICS
Mr M J Gallagher MRICS
Investment Property

The company's investment property, a long lease, was compulsory acquired by the Freeholder, Sheffield City Council in August 2020.

In January 2021 the Council paid compensation of £350,000 which the directors consider substantially undervalues the development value and long term cash flows from the project. We remain steadfast in our view is the capital value is worth many times the CPO offer.

The Directors are continuing to pursue a legal challenge with the Lands Tribunal Upper Chamber for a true determination of the present value.

Under accounting standards we were required to record the property as a disposal. Any further receipts, as a result of our appeal, will be recorded if and when they are received.

Small companies exemption

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

On behalf of the board
Mr P T Garry MRICS
Managing Director
19 January 2026
MISTYGLEN LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
-
0
13,798
Current assets
Debtors
4
212,010
58,206
Cash at bank and in hand
6,622
203,742
218,632
261,948
Creditors: amounts falling due within one year
5
(2,144)
(2,946)
Net current assets
216,488
259,002
Net assets
216,488
272,800
Capital and reserves
Called up share capital
6
200
200
Profit and loss reserves
216,288
272,600
Total equity
216,488
272,800

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

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 19 January 2026 and are signed on its behalf by:
Mr P T Garry MRICS
Director
Company registration number 04339548 (England and Wales)
MISTYGLEN LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 July 2023
200
324,792
324,992
Year ended 30 June 2024:
Profit and total comprehensive income
-
7,808
7,808
Dividends
-
(60,000)
(60,000)
Balance at 30 June 2024
200
272,600
272,800
Year ended 30 June 2025:
Profit and total comprehensive income
-
3,688
3,688
Dividends
-
(60,000)
(60,000)
Balance at 30 June 2025
200
216,288
216,488
MISTYGLEN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -
1
Accounting policies
Company information

Mistyglen Limited is a private company limited by shares incorporated in England and Wales. The registered office is George Nott House, 3rd Floor, 119 Holloway Head, Birmingham, B1 1QP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

The company's main income from car parking ceased with the CPO of its lease in August 2020.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

MISTYGLEN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.6

Listed Investments

Listed investments are stated at market value at the balance sheet date and the difference between the cost and the market value is taken to the profit and loss account.

2
Employees
2025
2024
Number
Number

The only persons employed by the company during the year were the directors and they received no remuneration.

2
2
3
Fixed asset investments
2025
2024
£
£
Other investments other than loans
-
0
13,798
MISTYGLEN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
3
Fixed asset investments
(Continued)
- 6 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 July 2024
13,798
Disposals
(13,798)
At 30 June 2025
-
Carrying amount
At 30 June 2025
-
At 30 June 2024
13,798
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts due from related parties
212,010
58,206
5
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
835
1,638
Accruals
1,309
1,308
2,144
2,946
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
100
100
100
100
Ordinary B shares of £1 each
100
100
100
100
200
200
200
200

The rights attached to each class of share can be found in the company's articles of association.

7
Controlling Party

Mr P T Garry and Mr M J Gallagher jointly control the company by virtue of their interest in the company's ordinary 'A' and ordinary 'B' shares which both carry full voting rights.

2025-06-30 2024-07-01 false false false 19 January 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr P T Garry MRICS Mr M J Gallagher MRICS Mr J A Rathbone FCCA 04339548 2024-07-01 2025-06-30 04339548 bus:Director1 2024-07-01 2025-06-30 04339548 bus:Director2 2024-07-01 2025-06-30 04339548 bus:CompanySecretary1 2024-07-01 2025-06-30 04339548 2025-06-30 04339548 2024-06-30 04339548 core:CurrentFinancialInstruments 2025-06-30 04339548 core:CurrentFinancialInstruments 2024-06-30 04339548 core:ShareCapital 2025-06-30 04339548 core:ShareCapital 2024-06-30 04339548 core:RetainedEarningsAccumulatedLosses 2025-06-30 04339548 core:RetainedEarningsAccumulatedLosses 2024-06-30 04339548 core:ShareCapital 2023-06-30 04339548 core:RetainedEarningsAccumulatedLosses 2023-06-30 04339548 core:ShareCapitalOrdinaryShareClass1 2025-06-30 04339548 core:ShareCapitalOrdinaryShareClass1 2024-06-30 04339548 core:ShareCapitalOrdinaryShareClass2 2025-06-30 04339548 core:ShareCapitalOrdinaryShareClass2 2024-06-30 04339548 core:ShareCapitalOrdinaryShares 2025-06-30 04339548 core:ShareCapitalOrdinaryShares 2024-06-30 04339548 core:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 04339548 2023-07-01 2024-06-30 04339548 core:RetainedEarningsAccumulatedLosses 2024-07-01 2025-06-30 04339548 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 04339548 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 04339548 bus:OrdinaryShareClass1 2024-07-01 2025-06-30 04339548 bus:OrdinaryShareClass2 2024-07-01 2025-06-30 04339548 bus:OrdinaryShareClass1 2025-06-30 04339548 bus:OrdinaryShareClass1 2024-06-30 04339548 bus:OrdinaryShareClass2 2025-06-30 04339548 bus:OrdinaryShareClass2 2024-06-30 04339548 bus:AllOrdinaryShares 2025-06-30 04339548 bus:AllOrdinaryShares 2024-06-30 04339548 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 04339548 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 04339548 bus:FRS102 2024-07-01 2025-06-30 04339548 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 04339548 bus:FullAccounts 2024-07-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP