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Company Registration No. 12662979 (England and Wales)
MINTFIELD LIMITED Unaudited accounts for the year ended 31 March 2023
MINTFIELD LIMITED Unaudited accounts Contents
Page
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MINTFIELD LIMITED Company Information for the year ended 31 March 2023
Directors
Gary Bloch Zvi Steinhart
Company Number
12662979 (England and Wales)
Registered Office
HIGHBANK GREENBANK CRESCENT LONDON NW4 2LA ENGLAND
Accountants
ABDY Accounting Services 72 Charteris Road LONDON West Hampstead NW6 7EX
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MINTFIELD LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
500,000 
500,000 
Current assets
Debtors
566 
- 
Cash at bank and in hand
9,660 
959 
10,226 
959 
Creditors: amounts falling due within one year
(3,189)
(2,627)
Net current assets/(liabilities)
7,037 
(1,668)
Total assets less current liabilities
507,037 
498,332 
Creditors: amounts falling due after more than one year
(458,571)
(465,129)
Provisions for liabilities
Deferred tax
(7,120)
(7,120)
Net assets
41,346 
26,083 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
41,246 
25,983 
Shareholders' funds
41,346 
26,083 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2023 and were signed on its behalf by
Gary Bloch Director Company Registration No. 12662979
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MINTFIELD LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
MINTFIELD LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12662979. The registered office is HIGHBANK, GREENBANK CRESCENT, LONDON, NW4 2LA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property
Investment Property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment Property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss No Depreciation is provided in respect of investment property applying the fair value model Investment property fair value is determined by the directors based on their understand of property market conditions and the specific property or valuations received
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MINTFIELD LIMITED Notes to the Accounts for the year ended 31 March 2023
Financial instruments
A financial asset or a financial liability is recognised only when the entity 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 unless they are classified as receivable within one year in which case they are measured at the undiscounted amount of the cash or other consideration expected to be received net of impairment. Financial liabilities that are classified as payable within one year are subsequently measured at the undiscounted amount of the cash or other consideration expected to be paid. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle the liability simultaneously
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except tothe 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.
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 year 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 willbe recovered against the reversal of deferred tax liabilities or other future taxable profits.
4
Investment property
2023 
£ 
Fair value at 1 April 2022
500,000 
At 31 March 2023
500,000 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
566 
- 
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MINTFIELD LIMITED Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
1,916 
Taxes and social security
2,555 
- 
Other creditors
254 
255 
Accruals
380 
456 
3,189 
2,627 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
266,217 
272,775 
Amounts owed to group undertakings and other participating interests
192,354 
4,950 
Loans from directors
- 
187,404 
458,571 
465,129 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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