REGISTERED NUMBER: 02663993 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MYTON HOSPICE (PROMOTIONS) LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K W Demian

R Freeman

J Asbury

K J Pulford

C F De Nahlik

A Wahaftig

SECRETARY:

C D Thomas

REGISTERED OFFICE:

Myton Hamlet Hospice

Myton Lane

Myton Road

Warwick

CV34 6PX

REGISTERED NUMBER:

02663993 (England and Wales)

SENIOR STATUTORY AUDITOR:

Gregg Olner MPhil BA(Hons) FCA

AUDITORS:

HB&O Ltd

Chartered Accountants and Statutory Auditors

Seven Stars House

1 Wheler Road

Coventry

CV3 4LB

BANKERS:

Lloyds Bank

30 High Street

Coventry

West Midlands

CV1 5RA

CURRENT ASSETS

Stocks

40,875

51,004

Debtors

182,189

173,625

Cash at bank and in hand

214,499

229,393

437,563

454,022

CREDITORS

Amounts falling due within one year

344,398

357,359

NET CURRENT ASSETS

93,165

96,663

TOTAL ASSETS LESS CURRENT LIABILITIES

93,165

96,663

CAPITAL AND RESERVES

Called up share capital

45,356

45,356

Retained earnings

47,809

51,307

93,165

96,663

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2025 and were signed on its behalf by:

J Asbury - Director

1.	STATUTORY INFORMATION

Myton Hospice (Promotions) Limited 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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Clothing and other items donated for resale through the charity shops are included as incoming resources when they are sold. They are not included at valuation prior to being sold as it has been deemed impractical to measure the fair value of the goods and the cost of valuation would outweigh the benefit to the users of the accounts.

Lottery income is recognised when receivable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

over the lease term

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

No provision for corporation tax has been made on the company's profit for the year due to its policy of donating all its tax adjusted profits available for distribution under gift aid to its ultimate charitable parent undertaking within nine months of the year end date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Gift aid

Donations to the parent charity are recognised as an expense either when paid or at the date when the company has a legal liability to make the donation payment if earlier.

Financial instruments

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 61 (2024 - 58 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

5,000

Disposals

(5,000

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

5,000

Eliminated on disposal

(5,000

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

27,902

39,032

Between one and five years

9,487

37,389

37,389

76,421

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Gregg Olner MPhil BA(Hons) FCA (Senior Statutory Auditor)

for and on behalf of HB&O Ltd

7.	PENSION COMMITMENTS

Employees are eligible to join the defined contribution pension scheme operated by The Myton Hospices. The assets of the scheme are held separately from those of the company in an independently administered fund.

The charge for the year represents contributions payable by the company to the fund and amounted to £64,308 (2024: £59,742). No contributions were payable to the fund at the year end.

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9.	CONTROLLING PARTY

The company's issued share capital is held by The Myton Hospices, a registered charity (number 516287) and a company limited by guarantee (number 1628455) in England and Wales. The company is included in the consolidated financial statements of The Myton Hospices. Its registered office and principal place of business is Myton Lane, Myton Road, Warwick, CV34 6PX.