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REGISTERED NUMBER: 10683383 (England and Wales)















Mind Potential Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024






Mind Potential Ltd (Registered number: 10683383)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mind Potential Ltd

Company Information
for the year ended 31 March 2024







Director: M C Beale





Secretary: M C Beale





Registered office: Hawksbury Heights Apartment 1503
Hawksbury Heights
11 Hewson Way
London
NW3 3LH





Registered number: 10683383 (England and Wales)





Accountants: Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Mind Potential Ltd (Registered number: 10683383)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 420 840

Current assets
Cash at bank 29,552 27,462

Creditors
Amounts falling due within one year 5 13,870 16,879
Net current assets 15,682 10,583
Total assets less current liabilities 16,102 11,423

Capital and reserves
Called up share capital 6 1 1
Retained earnings 7 16,101 11,422
Shareholders' funds 16,102 11,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 11 August 2024 and were signed by:





M C Beale - Director


Mind Potential Ltd (Registered number: 10683383)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Mind Potential Ltd 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.

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.

Turnover
Turnover represents amounts receivable for services provided in the year.

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

Taxation
Taxation for the year 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 April 2023
and 31 March 2024 4,932
Depreciation
At 1 April 2023 4,092
Charge for year 420
At 31 March 2024 4,512
Net book value
At 31 March 2024 420
At 31 March 2023 840

Mind Potential Ltd (Registered number: 10683383)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


5. Creditors: amounts falling due within one year
2024 2023
£ £
Taxation and social security 10,437 12,455
Other creditors 3,433 4,424
13,870 16,879

6. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary £1 1 1

7. Reserves
Retained
earnings
£

At 1 April 2023 11,422
Profit for the year 42,679
Dividends (38,000 )
At 31 March 2024 16,101