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REGISTERED NUMBER: 00517369 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Minton Holdings Limited

Minton Holdings Limited (Registered number: 00517369)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


Minton Holdings Limited (Registered number: 00517369)

Abridged Balance Sheet
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,788 2,384
Investments 5 5 6,281
Investment property 6 3,756,459 4,336,971
3,758,252 4,345,636

CURRENT ASSETS
Stocks 5,255,198 5,255,198
Debtors 7 862,614 819,373
Cash at bank 2,570,861 2,890,769
8,688,673 8,965,340
CREDITORS
Amounts falling due within one year (1,865,869 ) (2,473,160 )
NET CURRENT ASSETS 6,822,804 6,492,180
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,581,056

10,837,816

PROVISIONS FOR LIABILITIES - (91,395 )
NET ASSETS 10,581,056 10,746,421

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Fair value reserve 8 645,152 600,845
Retained earnings 9,925,904 10,135,576
SHAREHOLDERS' FUNDS 10,581,056 10,746,421

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

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

Minton Holdings Limited (Registered number: 00517369)

Abridged Balance Sheet - continued
31 July 2023


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

All the members have consented to the preparation of an abridged Profit & Loss Account and an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





I Spiro - Director


Minton Holdings Limited (Registered number: 00517369)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Minton Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00517369

Registered office: Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover
Turnover represents rental income receivable during the year excluding value added tax.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is included at fair value. Gains are recognised in the profit and loss account. Deferred
taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks
Stocks are properties held with a view to sell and are valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

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 will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Minton Holdings Limited (Registered number: 00517369)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022
and 31 July 2023 41,528
DEPRECIATION
At 1 August 2022 39,144
Charge for year 596
At 31 July 2023 39,740
NET BOOK VALUE
At 31 July 2023 1,788
At 31 July 2022 2,384

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 August 2022 6,281
Disposals (6,276 )
At 31 July 2023 5
NET BOOK VALUE
At 31 July 2023 5
At 31 July 2022 6,281

Minton Holdings Limited (Registered number: 00517369)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 4,336,971
Revaluations (580,512 )
At 31 July 2023 3,756,459
NET BOOK VALUE
At 31 July 2023 3,756,459
At 31 July 2022 4,336,971

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2011 75,000
Valuation in 2012 (162,000 )
Valuation in 2013 (19,454 )
Valuation in 2015 (209,275 )
Valuation in 2016 463,241
Valuation in 2017 (5,067 )
Valuation in 2018 350,450
Valuation in 2020 (85,079 )
Valuation in 2022 353,179
Valuation in 2023 (580,512 )
Cost 3,575,976
3,756,459

If investment property had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 3,575,976 3,742,070

The investment properties were valued on a fair value basis on 31 July 2023 by the director .

7. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts owed by group undertakings 389,639 389,639

Minton Holdings Limited (Registered number: 00517369)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. RESERVES
Fair
value
reserve
£   
At 1 August 2022 600,845
Property revaluation (49,495 )
Deferred tax 93,802

At 31 July 2023 645,152