Mitreburn Limited 03192987 false 2024-11-01 2025-10-31 2025-10-31 The principal activity of the company is the management of nightclubs and property investment. Digita Accounts Production Advanced 6.30.9574.0 true true 03192987 2024-11-01 2025-10-31 03192987 2025-10-31 03192987 core:CurrentFinancialInstruments 2025-10-31 03192987 core:CurrentFinancialInstruments core:WithinOneYear 2025-10-31 03192987 1 2025-10-31 03192987 bus:SmallEntities 2024-11-01 2025-10-31 03192987 bus:AuditExemptWithAccountantsReport 2024-11-01 2025-10-31 03192987 bus:FilletedAccounts 2024-11-01 2025-10-31 03192987 bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 03192987 bus:RegisteredOffice 2024-11-01 2025-10-31 03192987 bus:Director1 2024-11-01 2025-10-31 03192987 bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 03192987 countries:England 2024-11-01 2025-10-31 03192987 1 2024-11-01 2025-10-31 03192987 1 2024-10-31 03192987 2023-11-01 2024-10-31 03192987 2024-10-31 03192987 core:CurrentFinancialInstruments 2024-10-31 03192987 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 03192987 1 2024-10-31 03192987 1 2023-11-01 2024-10-31 03192987 1 2023-10-31 iso4217:GBP xbrli:pure

Registration number: 03192987

Mitreburn Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2025

Mitreburn Limited

Contents

Statement of Financial Position | 1
Notes to the Unaudited Financial Statements | 2 to 4

Mitreburn Limited

(Registration number: 03192987)
Statement of Financial Position as at 31 October 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Stocks | 4 | 1,941,163 | 1,610,122
Debtors | 5 | 228,467 | 263,444
Cash at bank and in hand |  | 1,377 | 1,665
|  | 2,171,007 | 1,875,231
Creditors: Amounts falling due within one year | 6 | (1,463,385) | (1,145,382)
Net assets |  | 707,622 | 729,849
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Profit and loss account |  | 707,620 | 729,847
Shareholders' funds |  | 707,622 | 729,849

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 10 April 2026 and signed on its behalf by:

Mr D J Mulvihill Director

Mitreburn Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
26-28 Southernhay East
Exeter
Devon
EX1 1NS

Principal activity

The principal activity of the company is the management of nightclubs and property investment.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

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.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Mitreburn Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2 | Accounting policies (continued)

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4 | Stocks

| 2025 £ | 2024 £
Work in progress | 1,941,163 | 1,610,122

Mitreburn Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

5 | Debtors

| 2025 £ | 2024 £
Other debtors | 228,467 | 263,444
| 228,467 | 263,444

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 52,567 | 10,340
Accruals and deferred income | 2,121 | 2,888
Other creditors | 1,408,697 | 1,132,154
| 1,463,385 | 1,145,382

7 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses.

8 | Related party transactions

Transactions with directors

2025 | At 1 November 2024 £ | Repayments by director £ | At 31 October 2025 £
Directors | (1,132,154) | (203,500) | (1,335,654)

2024 | At 1 November 2023 £ | Advances to director £ | Repayments by director £ | At 31 October 2024 £
Directors | (871,187) | 20,183 | (281,150) | (1,132,154)