4 01/11/2022 31/10/2023 2023-10-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-11-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC712130 2022-11-01 2023-10-31 SC712130 2023-10-31 SC712130 2022-10-31 SC712130 2021-11-01 2022-10-31 SC712130 2022-10-31 SC712130 2021-10-31 SC712130 core:PlantMachinery 2022-11-01 2023-10-31 SC712130 bus:RegisteredOffice 2022-11-01 2023-10-31 SC712130 bus:LeadAgentIfApplicable 2022-11-01 2023-10-31 SC712130 bus:Director1 2022-11-01 2023-10-31 SC712130 core:PlantMachinery 2022-10-31 SC712130 core:PlantMachinery 2023-10-31 SC712130 core:WithinOneYear 2023-10-31 SC712130 core:WithinOneYear 2022-10-31 SC712130 core:ShareCapital 2021-11-01 2022-10-31 SC712130 core:RetainedEarningsAccumulatedLosses 2021-11-01 2022-10-31 SC712130 core:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 SC712130 core:ShareCapital 2023-10-31 SC712130 core:ShareCapital 2022-10-31 SC712130 core:RetainedEarningsAccumulatedLosses 2023-10-31 SC712130 core:RetainedEarningsAccumulatedLosses 2022-10-31 SC712130 core:PreviouslyStatedAmount core:ShareCapital 2023-10-31 SC712130 core:PlantMachinery 2022-10-31 SC712130 bus:SmallEntities 2022-11-01 2023-10-31 SC712130 bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 SC712130 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 SC712130 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 SC712130 bus:FullAccounts 2022-11-01 2023-10-31 SC712130 core:WithinOneYear 2022-11-01 2023-10-31
Company registration number: SC712130
Mint Patisserie Limited
Unaudited filleted financial statements
31 October 2023
Mint Patisserie Limited
Contents
Directors and other information
Balance sheet
Statement of changes in equity
Notes to the financial statements
Mint Patisserie Limited
Directors and other information
Director Mr Birkan Sever
Company number SC712130
Registered office 15 Baker Street
Stirling
FK8 1BJ
Accountant Nicola Woodburn FCA
100 Station Road
Bannockburn
Stirling
FK7 8JP
Mint Patisserie Limited
Balance sheet
31 October 2023
31/10/23 31/10/22
Note £ £ £ £
Fixed assets
Tangible assets 5 3,243 2,725
_______ _______
3,243 2,725
Current assets
Cash at bank and in hand 3,529 20,223
_______ _______
3,529 20,223
Creditors: amounts falling due
within one year 6 ( 3,146) ( 19,380)
_______ _______
Net current assets 383 843
_______ _______
Total assets less current liabilities 3,626 3,568
Provisions for liabilities ( 617) ( 518)
_______ _______
Net assets 3,009 3,050
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,909 2,950
_______ _______
Shareholder funds 3,009 3,050
_______ _______
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 20 April 2024 , and are signed on behalf of the board by:
Mr Birkan Sever
Director
Company registration number: SC712130
Mint Patisserie Limited
Statement of changes in equity
Year ended 31 October 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 November 2021 - - -
Profit for the year 9,050 9,050
_______ _______ _______
Total comprehensive income for the year - 9,050 9,050
Issue of shares 100 100
Dividends paid and payable ( 6,100) ( 6,100)
_______ _______ _______
Total investments by and distributions to owners 100 ( 6,100) ( 6,000)
_______ _______ _______
At 31 October 2022 and 1 November 2022 100 2,950 3,050
Profit for the year 2,959 2,959
_______ _______ _______
Total comprehensive income for the year - 2,959 2,959
Dividends paid and payable ( 3,000) ( 3,000)
_______ _______ _______
Total investments by and distributions to owners - ( 3,000) ( 3,000)
_______ _______ _______
At 31 October 2023 100 2,909 3,009
_______ _______ _______
Mint Patisserie Limited
Notes to the financial statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 15 Baker Street, Stirling, FK8 1BJ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors acknowledge there remains some uncertainty in judgements, however have no intentions of ceasing operations or liquidating and consider the company will be able to continue to trade for at least 12 months from the date of signing these accounts with the continued support of the director. Therefore, the accounts have been prepared on a going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2022: 4 ).
5. Tangible assets
Plant and machinery Total
£ £
Cost
At 1 November 2022 3,633 3,633
Additions 1,902 1,902
_______ _______
At 31 October 2023 5,535 5,535
_______ _______
Depreciation
At 1 November 2022 908 908
Charge for the year 1,384 1,384
_______ _______
At 31 October 2023 2,292 2,292
_______ _______
Carrying amount
At 31 October 2023 3,243 3,243
_______ _______
At 31 October 2022 2,725 2,725
_______ _______
6. Creditors: amounts falling due within one year
31/10/23 31/10/22
£ £
Bank loans and overdrafts - 7,693
Corporation tax 596 2,050
Other creditors 2,550 9,637
_______ _______
3,146 19,380
_______ _______
Included in other creditors is a loan of £nil (2022-£7,982) from the director to the company which has no interest charged on it.