REGISTERED NUMBER: 10856394 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 26 JULY 2025

FOR

MITGUN PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A J P Gunning

REGISTERED OFFICE:

1st Floor

4 Jordan Street

Manchester

M15 4PY

REGISTERED NUMBER:

10856394 (England and Wales)

ACCOUNTANTS:

Connaughton & Co

1st Floor

4 Jordan Street

Manchester

M15 4PY

CURRENT ASSETS

Debtors

4

128,772

30,249

Cash at bank

14,266

24,947

143,038

55,196

CREDITORS

Amounts falling due within one year

5

100,105

20,047

NET CURRENT ASSETS

42,933

35,149

TOTAL ASSETS LESS CURRENT LIABILITIES

42,933

35,149

CAPITAL AND RESERVES

Called up share capital

6

10

10

Retained earnings

7

42,923

35,139

SHAREHOLDERS' FUNDS

42,933

35,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 26 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 April 2026 and were signed by:

A J P Gunning - Director

1.	STATUTORY INFORMATION

Mitgun Properties Ltd 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.

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.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

26.7.25

26.7.24

£

£

Amounts owed by associates

128,772

30,200

Prepayments

-

49

128,772

30,249

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

26.7.25

26.7.24

£

£

Tax

1,781

10,396

Director's loan account

97,300

8,627

Accruals and deferred income

1,024

1,024

100,105

20,047

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

26.7.25

26.7.24

value:

£

£

10

Ordinary

£1

10

10

7.

RESERVES

Retained

earnings

£

At 27 July 2024

35,139

Profit for the year

7,784

At 26 July 2025

42,923