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REGISTERED NUMBER: 13389968 (England and Wales)











Financial Statements

for the Period

1 August 2022 to 31 May 2023

for

MINIA ESTATES LTD

MINIA ESTATES LTD (REGISTERED NUMBER: 13389968)






Contents of the Financial Statements
for the Period 1 August 2022 to 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MINIA ESTATES LTD

Company Information
for the Period 1 August 2022 to 31 May 2023







DIRECTORS: Mr C H Vekaria
Mrs A Vekaria





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 13389968 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

MINIA ESTATES LTD (REGISTERED NUMBER: 13389968)

Balance Sheet
31 May 2023

31.5.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,151 3,184
Investment property 5 345,729 345,729
347,880 348,913

CURRENT ASSETS
Investments 6 1 1
Cash at bank 17,204 11,382
17,205 11,383
CREDITORS
Amounts falling due within one year 7 71,738 68,082
NET CURRENT LIABILITIES (54,533 ) (56,699 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

293,347

292,214

CREDITORS
Amounts falling due after more than one year 8 226,329 233,075
NET ASSETS 67,018 59,139

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 66,918 59,039
SHAREHOLDERS' FUNDS 67,018 59,139

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2023 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.

MINIA ESTATES LTD (REGISTERED NUMBER: 13389968)

Balance Sheet - continued
31 May 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 18 February 2024 and were signed on its behalf by:





Mr C H Vekaria - Director


MINIA ESTATES LTD (REGISTERED NUMBER: 13389968)

Notes to the Financial Statements
for the Period 1 August 2022 to 31 May 2023

1. STATUTORY INFORMATION

Minia Estates Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

MINIA ESTATES LTD (REGISTERED NUMBER: 13389968)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 31 May 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2022
and 31 May 2023 4,130
DEPRECIATION
At 1 August 2022 946
Charge for period 1,033
At 31 May 2023 1,979
NET BOOK VALUE
At 31 May 2023 2,151
At 31 July 2022 3,184

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 May 2023 345,729
NET BOOK VALUE
At 31 May 2023 345,729
At 31 July 2022 345,729

6. CURRENT ASSET INVESTMENTS
31.5.23 31.7.22
£    £   
Unlisted investments 1 1

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.7.22
£    £   
Other loans (see note 9) 15,142 15,142
Amounts owed to group undertakings 51,140 50,000
Tax 1,532 3
Directors' current accounts 2,784 1,797
Accruals and deferred income 1,140 1,140
71,738 68,082

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.7.22
£    £   
Other loans (see note 9) 226,329 233,075

MINIA ESTATES LTD (REGISTERED NUMBER: 13389968)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 31 May 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.5.23 31.7.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 180,902 172,506

9. LOANS

An analysis of the maturity of loans is given below:

31.5.23 31.7.22
£    £   
Amounts falling due within one year or on demand:
Other loans 15,142 15,142

Amounts falling due between one and two years:
Other loans - 1-2 years 15,142 15,142

Amounts falling due between two and five years:
Other loans - 2-5 years 30,285 45,427

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 180,902 172,506

10. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is an amount of £2,784 (2022: £1,797) due and payable to the directors. The amount is interest free and repayable on demand.