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MINTED PROPERTY LTD

Registered Number
SC698975
(Scotland)

Unaudited Financial Statements for the Year ended
31 May 2023

MINTED PROPERTY LTD
Company Information
for the year from 1 June 2022 to 31 May 2023

Director

PHILLIPS, Michael

Registered Address

72 Kingsbridge Crescent
Kings Park
Glasgow
G44 4JU

Registered Number

SC698975 (Scotland)
MINTED PROPERTY LTD
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3117156
117156
Current assets
Debtors-375
Cash at bank and on hand7801
780376
Creditors amounts falling due within one year4-(609)
Net current assets (liabilities)780(233)
Total assets less current liabilities897(77)
Net assets897(77)
Capital and reserves
Called up share capital11
Profit and loss account896(78)
Shareholders' funds897(77)
The financial statements were approved and authorised for issue by the Director on 20 February 2024, and are signed on its behalf by:
PHILLIPS, Michael
Director
Registered Company No. SC698975
MINTED PROPERTY LTD
Notes to the Financial Statements
for the year ended 31 May 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment5
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 June 22195195
At 31 May 23195195
Depreciation and impairment
At 01 June 223939
Charge for year3939
At 31 May 237878
Net book value
At 31 May 23117117
At 31 May 22156156
4.Creditors: amounts due within one year

2023

2022

££
Other creditors-609
Total-609