IRIS Accounts Production v26.1.0.640 01965059 director 1.12.24 30.11.25 30.11.25 false true false false true false Fair value model Ordinary shares 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 01965059 2024-11-30 01965059 2025-11-30 01965059 2024-12-01 2025-11-30 01965059 2023-11-30 01965059 2023-12-01 2024-11-30 01965059 2024-11-30 01965059 ns15:EnglandWales 2024-12-01 2025-11-30 01965059 ns14:PoundSterling 2024-12-01 2025-11-30 01965059 ns10:Director1 2024-12-01 2025-11-30 01965059 ns10:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 01965059 ns10:SmallEntities 2024-12-01 2025-11-30 01965059 ns10:AuditExempt-NoAccountantsReport 2024-12-01 2025-11-30 01965059 ns10:SmallCompaniesRegimeForDirectorsReport 2024-12-01 2025-11-30 01965059 ns10:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 01965059 ns10:FullAccounts 2024-12-01 2025-11-30 01965059 ns10:OrdinaryShareClass1 2024-12-01 2025-11-30 01965059 ns5:CurrentFinancialInstruments 2025-11-30 01965059 ns5:CurrentFinancialInstruments 2024-11-30 01965059 ns5:ShareCapital 2025-11-30 01965059 ns5:ShareCapital 2024-11-30 01965059 ns5:RevaluationReserve 2025-11-30 01965059 ns5:RevaluationReserve 2024-11-30 01965059 ns5:RetainedEarningsAccumulatedLosses 2025-11-30 01965059 ns5:RetainedEarningsAccumulatedLosses 2024-11-30 01965059 ns10:RegisteredOffice 2024-12-01 2025-11-30 01965059 ns10:OrdinaryShareClass1 2025-11-30 01965059 ns5:RevaluationReserve 2024-11-30

REGISTERED NUMBER: 01965059 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

William T. Mitchell Limited

William T. Mitchell Limited (Registered number: 01965059)

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 30 November 2025

| Page |

Balance Sheet | 1 |  | to |  | 2

Notes to the Financial Statements | 3 |  | to |  | 5

William T. Mitchell Limited (Registered number: 01965059)

BALANCE SHEET

30 November 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

Fixed assets

Investment property | 4 | 700,895 |  | 700,895 |  |

Current assets

Cash at bank | 100,538 |  | 82,769 |  |

Creditors

Amounts falling due within one year | 5 | 130,485 |  | 124,076 |  |

Net current liabilities | (29,947 | ) | (41,307 | ) |

Total assets less current liabilities | 670,948 |  | 659,588 |  |

Provisions for liabilities | 56,600 |  | 56,600 |  |

Net assets | 614,348 |  | 602,988 |  |

Capital and reserves

Called up share capital | 6 | 100 |  | 100 |  |

Revaluation reserve | 7 | 232,361 |  | 232,361 |  |

Profit & loss account | 381,887 |  | 370,527 |  |

Shareholders' funds | 614,348 |  | 602,988 |  |

William T. Mitchell Limited (Registered number: 01965059)

BALANCE SHEET - continued

30 November 2025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 March 2026 and were signed by:

Mr W T Mitchell - Director

William T. Mitchell Limited (Registered number: 01965059)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 30 November 2025

1. | STATUTORY INFORMATION

| William T. Mitchell Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 01965059

| Registered office: | Old Park

| Liskeard

| Cornwall

| PL14 6RB

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| Turnover

| Turnover represents gross rents receivable from the letting of freehold properties as adjusted for amounts in advance or arrears at the balance sheet date.

| 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 Profit & Loss Account, 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.

| 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.

William T. Mitchell Limited (Registered number: 01965059)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 30 November 2025

2. | ACCOUNTING POLICIES - continued

| Debtors

| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

| 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.

| Provisions

| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | INVESTMENT PROPERTY

| Total

£ |

| Fair value

| At 1 December 2024

| and 30 November 2025 | 700,895 |  |

| Net book value

| At 30 November 2025 | 700,895 |  |

| At 30 November 2024 | 700,895 |  |

William T. Mitchell Limited (Registered number: 01965059)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 30 November 2025

4. | INVESTMENT PROPERTY - continued

| Fair value at 30 November 2025 is represented by:

| £ |  |

| Valuation in 2019 |  | 560,000 |  |

| Cost |  | 140,895 |  |

| 700,895 |  |

| If investment property had not been revalued it would have been included at the following historical cost:

|  | 2025 |  | 2024 |  |

|  | £ |  | £ |  |

| Cost |  | 411,934 |  | 411,934 |  |

| The directors have reviewed the investment property and deemed the valuation on 30 November 2019 as an appropriate valuation on the balance sheet date.

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Taxation and social security | 2,759 |  | 4,024 |  |

| Other creditors | 127,726 |  | 120,052 |  |

130,485 |  | 124,076 |  |

6. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ordinary shares | £1 | 100 |  | 100 |  |

7. | RESERVES

| Revaluation

| reserve

£ |

| At 1 December 2024

| and 30 November 2025 | 232,361 |  |

8. | RELATED PARTY DISCLOSURES

| At the balance sheet date the company owed £126,077 to W T Mitchell, the sole director. This amount was interest free, unsecured and carries no fixed term of repayment.

9. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mr W T Mitchell.