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REGISTERED NUMBER: 10792924 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 31 MAY 2022 TO 31 MARCH 2023

FOR

MIN MINING LIMITED

MIN MINING LIMITED (REGISTERED NUMBER: 10792924)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 MAY 2022 TO 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MIN MINING LIMITED

COMPANY INFORMATION
FOR THE PERIOD 31 MAY 2022 TO 31 MARCH 2023







DIRECTORS: Mr R Pillai
Mr A Pillai





REGISTERED OFFICE: Kemp House
160 City Road
London
EC1V 2NX





REGISTERED NUMBER: 10792924 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

MIN MINING LIMITED (REGISTERED NUMBER: 10792924)

BALANCE SHEET
31 MARCH 2023

31.3.23 30.5.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 550,707 550,707

CURRENT ASSETS
Cash at bank 2,071 16,287

CREDITORS
Amounts falling due within one year 5 72,112 77,476
NET CURRENT LIABILITIES (70,041 ) (61,189 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

480,666

489,518

CREDITORS
Amounts falling due after more than one
year

6

475,023

475,023
NET ASSETS 5,643 14,495

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 5,543 14,395
SHAREHOLDERS' FUNDS 5,643 14,495

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

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

MIN MINING LIMITED (REGISTERED NUMBER: 10792924)

BALANCE SHEET - continued
31 MARCH 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 28 March 2024 and were signed on its behalf by:





Mr R Pillai - Director


MIN MINING LIMITED (REGISTERED NUMBER: 10792924)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 MAY 2022 TO 31 MARCH 2023


1. STATUTORY INFORMATION

Min Mining 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.

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.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
In preparing the financial statements, the directors are required to make estimates and judgements about the carrying amounts of assets and liabilities. The estimates and assumptions are reviewed on an ongoing basis and are based on historical experience and other factors that are considered by the members to be relevant. Revision to accounting estimates are recognised in the period in which the estimate is revised.

INVESTMENT PROPERTY
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

MIN MINING LIMITED (REGISTERED NUMBER: 10792924)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 MAY 2022 TO 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss.

All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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.


MIN MINING LIMITED (REGISTERED NUMBER: 10792924)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 MAY 2022 TO 31 MARCH 2023


2. ACCOUNTING POLICIES - continued
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 period 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.

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 NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
Fair value
At 31 May 2022
and 31 March 2023 550,707
Net book value
At 31 March 2023 550,707
At 30 May 2022 550,707

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 30.5.22
£    £   
Tax 30 1,797
Other creditors 2,870 2,870
Directors' current accounts 68,512 72,809
Accrued expenses 700 -
72,112 77,476

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 30.5.22
£    £   
Bank loans more 5 yrs non-inst 475,023 475,023

MIN MINING LIMITED (REGISTERED NUMBER: 10792924)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 MAY 2022 TO 31 MARCH 2023


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.23 30.5.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 475,023 475,023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 30.5.22
value: £    £   
10 Ordinary shares 1 100 100