Mitcham Building Limited - Limited company accounts 20.1

REGISTERED NUMBER: 04450226 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2020

FOR

MITCHAM BUILDING LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

Wilton Directors Limited

B Pari

SECRETARY:

Wilton Corporate Services Limited

REGISTERED OFFICE:

26 Grosvenor Street

Mayfair

London

W1K 4QW

REGISTERED NUMBER:

04450226 (England and Wales)

ACCOUNTANTS:

Wilton Group

26 Grosvenor Street

Mayfair

London

W1K 4QW

The directors present their report with the financial statements of the company for the year ended 31 May 2020.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of an investment holding company,

although they remain inactive.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 June 2019 to the date of

this report.

Wilton Directors Limited

B Pari

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006

relating to small companies.

ON BEHALF OF THE BOARD:

Wilton Directors Limited - Director

15 July 2020

TURNOVER

-

OPERATING PROFIT and

PROFIT BEFORE TAXATION

-

Tax on profit

-

PROFIT FOR THE FINANCIAL YEAR

-

CURRENT ASSETS

Debtors

4

70,537

TOTAL ASSETS LESS CURRENT
LIABILITIES

70,537

CAPITAL AND RESERVES

Called up share capital

5

100

Share premium

6

70,437

SHAREHOLDERS' FUNDS

70,537

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2020
and were signed on its behalf by:

Wilton Directors Limited - Director

1.	STATUTORY INFORMATION

Mitcham Building 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.

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 NIL (2019 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

Clear Formation

70,537

The debtors figure relates to an amount of £70,537 which is due from Clear Formation Ltd. The

directors have agreed not to request payment of this for a period of 12 months from the date of

signature of the financial statements.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

100

Ordinary

1

100

6.

RESERVES

Retained

Share

earnings

premium

Totals

£

At 1 June 2019

-

70,437

Profit for the year

-

At 31 May 2020

-

70,437