Registered number
05146684
Minerva Chemicals Limited
Filleted Accounts
31 October 2023
Minerva Chemicals Limited
Registered number: 05146684
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 240,000 240,000
Current assets
Debtors 4 4,000 4,000
Cash at bank and in hand 270 338
4,270 4,338
Creditors: amounts falling due within one year 5 (200) (200)
Net current assets 4,070 4,138
Total assets less current liabilities 244,070 244,138
Creditors: amounts falling due after more than one year 6 (240,000) (240,000)
Net assets 4,070 4,138
Capital and reserves
Called up share capital 4,000 4,000
Profit and loss account 70 138
Shareholder's funds 4,070 4,138
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Alexander Bryce
Director
Approved by the board on 29 February 2024
Minerva Chemicals Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
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).
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 November 2022 240,000
At 31 October 2023 240,000
4 Debtors 2023 2022
£ £
Other debtors 4,000 4,000
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 200 200
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 240,000 240,000
7 Other information
Minerva Chemicals Limited is a private company limited by shares and incorporated in England. Its registered office is:
Flat 1
13 Rutland Road
Harrogate
HG1 2PY
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