Nifty Minx Limited 9127243 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is that of investment trading Digita Accounts Production Advanced 6.30.9574.0 true 9127243 2022-08-01 2023-07-31 9127243 2023-07-31 9127243 bus:OrdinaryShareClass1 2023-07-31 9127243 core:RetainedEarningsAccumulatedLosses 2023-07-31 9127243 core:ShareCapital 2023-07-31 9127243 core:CurrentFinancialInstruments 2023-07-31 9127243 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 9127243 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 9127243 bus:SmallEntities 2022-08-01 2023-07-31 9127243 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 9127243 bus:FullAccounts 2022-08-01 2023-07-31 9127243 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 9127243 bus:RegisteredOffice 2022-08-01 2023-07-31 9127243 bus:Director1 2022-08-01 2023-07-31 9127243 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 9127243 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 9127243 core:OtherRelatedParties 2022-08-01 2023-07-31 9127243 countries:EnglandWales 2022-08-01 2023-07-31 9127243 2021-08-01 2022-07-31 9127243 2022-07-31 9127243 bus:OrdinaryShareClass1 2022-07-31 9127243 core:RetainedEarningsAccumulatedLosses 2022-07-31 9127243 core:ShareCapital 2022-07-31 9127243 core:CurrentFinancialInstruments 2022-07-31 9127243 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 9127243 core:Non-currentFinancialInstruments core:AfterOneYear 2022-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 9127243

Nifty Minx Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

Nifty Minx Limited

(Registration number: 9127243)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

-

112,000

Investments

5

298,412

373,256

Cash at bank and in hand

 

113,940

3,299

 

412,352

488,555

Creditors: Amounts falling due within one year

6

(73,463)

(112,627)

Total assets less current liabilities

 

338,889

375,928

Creditors: Amounts falling due after more than one year

6

(450,000)

(450,000)

Net liabilities

 

(111,111)

(74,072)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(111,211)

(74,172)

Shareholders' deficit

 

(111,111)

(74,072)

For the financial year ending 31 July 2023 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 Profit and Loss Account.

Approved and authorised by the Board on 10 October 2023 and signed on its behalf by:
 

.........................................
A J Williamson
Director

 

Nifty Minx Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

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

The address of its registered office is:
35 Chequers Court
Brown Street
Salisbury
Wiltshire
SP1 2AS
England

The principal place of business is:
Cuckoo Wicket
Hatchett Green
Hale
Fordingbridge
Hampshire
SP6 2NE

These financial statements were authorised for issue by the Board on 10 October 2023.

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.

Revenue recognition

Turnover represents amounts receivable from the sale of investments and interest from borrowers for the provision of finance and other related activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investments

Unquoted investments are stated at cost. Quoted investments are stated at market value.

 

Nifty Minx Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Debtors

2023
£

2022
£

Prepayments

-

12,000

Other debtors

-

100,000

-

112,000

5

Current asset investments

2023
£

2022
£

Investments (note 9)

298,412

373,256

 

Nifty Minx Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

2,062

1,624

Other creditors

71,401

111,003

73,463

112,627

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

450,000

450,000

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

8

Related party transactions

Summary of transactions with other related parties

Other loans and borrowings include loans from trusts totalling £450,000 (2022: £450,000) held in the names of the directors' children. The loans are interest free with repayment date unspecified.

9

Financial instruments

Investments
 

The unquoted investments are valued at cost £125,973 (2022: £125,973) and the listed investments are carried at quoted market value £172,439 (2022: £247,283).
.