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Company No: 04059548 (England and Wales)

# MITCHELL PRICE LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2026
Pages for filing with the registrar

MITCHELL PRICE LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2026

Contents

MITCHELL PRICE LIMITED

## COMPANY INFORMATION

For the financial year ended 31 March 2026
MITCHELL PRICE LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 March 2026

DIRECTORS | Stephen Mitchell
| Bernard Price

REGISTERED OFFICE | 167-169 5th Floor
| 167-169 Great Portland Street
| London
| W1W 5PF
| United Kingdom

COMPANY NUMBER | 04059548 (England and Wales)

ACCOUNTANT | Synergee
| Pluto House
| 6 Vale Avenue
| Tunbridge Wells
| TN1 1DJ

MITCHELL PRICE LIMITED

## BALANCE SHEET

As at 31 March 2026
MITCHELL PRICE LIMITED

## BALANCE SHEET (continued)

As at 31 March 2026

| Note | 31.03.2026 |  | 31.03.2025
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 4,676 |  | 5,180
|  | 4,676 |  | 5,180
Current assets |  |  |  |
Debtors | 5 | 219,370 |  | 303,119
Cash at bank and in hand |  | 675,108 |  | 296,056
|  | 894,478 |  | 599,175
Creditors: amounts falling due within one year | 6 | ( 329,066) |  | ( 222,441)
Net current assets |  | 565,412 |  | 376,734
Total assets less current liabilities |  | 570,088 |  | 381,914
Net assets |  | 570,088 |  | 381,914
Capital and reserves |  |  |  |
Called-up share capital | 7 | 100 |  | 100
Profit and loss account |  | 569,988 |  | 381,814
Total shareholders' funds |  | 570,088 |  | 381,914

For the financial year ending 31 March 2026 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 financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Mitchell Price Limited (registered number: 04059548) were approved and authorised for issue by the Board of Directors on 15 June 2026. They were signed on its behalf by:

Stephen Mitchell Director |

MITCHELL PRICE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026
MITCHELL PRICE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Mitchell Price Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 167-169 5th Floor, 167-169 Great Portland Street, London, W1W 5PF, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is recognised to the extent it is probable that economic benefit will flow to the company, and that it can be reliably measured. Turnover is measured at the fair value of consideration received or receivable, net of discounts, rebates and VAT.
Turnover from the provision of services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when the following conditions are satisfied:
- the amount of turnover can be measured reliably;
- it is probable that consideration due will be received;
- the stage of completion of the contract at the reporting date can be measured reliably; and
- the costs incurred, or to be incurred, can be measured reliably.
Turnover for services provided but not yet billed at the reporting date is accrued and recognised within debtors.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 10 years straight line

###### Goodwill

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | 5 years straight line
Plant and machinery etc. | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

#### 2. Employees

| 31.03.2026 |  | 31.03.2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 4 |  | 4

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2025 | 7,750 |  | 7,750
At 31 March 2026 | 7,750 |  | 7,750
Accumulated amortisation |  |  |
At 01 April 2025 | 7,750 |  | 7,750
At 31 March 2026 | 7,750 |  | 7,750
Net book value |  |  |
At 31 March 2026 | 0 |  | 0
At 31 March 2025 | 0 |  | 0

#### 4. Tangible assets

| Land and buildings |  | Plant and machinery etc. |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 April 2025 | 5,397 |  | 25,619 |  | 31,016
Additions | 0 |  | 791 |  | 791
At 31 March 2026 | 5,397 |  | 26,410 |  | 31,807
Accumulated depreciation |  |  |  |  |
At 01 April 2025 | 5,397 |  | 20,439 |  | 25,836
Charge for the financial year | 0 |  | 1,295 |  | 1,295
At 31 March 2026 | 5,397 |  | 21,734 |  | 27,131
Net book value |  |  |  |  |
At 31 March 2026 | 0 |  | 4,676 |  | 4,676
At 31 March 2025 | 0 |  | 5,180 |  | 5,180

#### 5. Debtors

| 31.03.2026 |  | 31.03.2025
| £ |  | £
Trade debtors | 209,463 |  | 294,952
Other debtors | 9,907 |  | 8,167
| 219,370 |  | 303,119

#### 6. Creditors: amounts falling due within one year

| 31.03.2026 |  | 31.03.2025
| £ |  | £
Trade creditors | 14,043 |  | 5,215
Taxation and social security | 280,433 |  | 184,264
Other creditors | 34,590 |  | 32,962
| 329,066 |  | 222,441

#### 7. Called-up share capital

| 31.03.2026 |  | 31.03.2025
| £ |  | £
Allotted, called-up and fully-paid |  |  |
51 Ordinary A shares of £ 1.00 each | 51 |  | 51
49 Ordinary B shares of £ 1.00 each | 49 |  | 49
| 100 |  | 100