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REGISTERED NUMBER: 01299383 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

MYNARDS LIMITED

MYNARDS LIMITED (REGISTERED NUMBER: 01299383)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MYNARDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: A C Mynard
C C Mynard
C Mynard





SECRETARY: C C Mynard





REGISTERED OFFICE: First Floor
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG





REGISTERED NUMBER: 01299383 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

MYNARDS LIMITED (REGISTERED NUMBER: 01299383)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 2,341,837
Investments 6 3 3
3 2,341,840

CURRENT ASSETS
Debtors 7 2,684,673 -
Cash at bank 23,403 45,895
2,708,076 45,895
CREDITORS
Amounts falling due within one year 8 189,450 389,633
NET CURRENT ASSETS/(LIABILITIES) 2,518,626 (343,738 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,518,629

1,998,102

CREDITORS
Amounts falling due after more than
one year

9

(120,000

)

(120,000

)

PROVISIONS FOR LIABILITIES - (14,456 )
NET ASSETS 2,398,629 1,863,646

MYNARDS LIMITED (REGISTERED NUMBER: 01299383)

BALANCE SHEET - continued
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 10 336,008 -
Retained earnings 2,061,621 1,862,646
SHAREHOLDERS' FUNDS 2,398,629 1,863,646

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





A C Mynard - Director


MYNARDS LIMITED (REGISTERED NUMBER: 01299383)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Mynards Limited 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.

The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

Turnover
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added tax and trade discounts.

Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and loss accounts over its estimated economic life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost

Going concern
The company has cash resources and has no requirement for external funding. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis appropriate in preparing the annual financial statements.

Investments
Investments held as fixed assets are shown at cost less provision for impairment.

Investment in subsidiary
Investment in subsidiary undertakings are recognised at cost.

3. EMPLOYEES AND DIRECTORS

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

MYNARDS LIMITED (REGISTERED NUMBER: 01299383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 70,000
AMORTISATION
At 1 February 2023
and 31 January 2024 70,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 February 2023 2,940,764 173,994 3,114,758
Disposals (2,940,764 ) (173,994 ) (3,114,758 )
At 31 January 2024 - - -
DEPRECIATION
At 1 February 2023 598,927 173,994 772,921
Eliminated on disposal (598,927 ) (173,994 ) (772,921 )
At 31 January 2024 - - -
NET BOOK VALUE
At 31 January 2024 - - -
At 31 January 2023 2,341,837 - 2,341,837

During the year, fixed assets with a net book value of £2,341,837 was transferred at market value into the three subsidiaries (St Margarets Holiday Park Limited: £1,181,900, Mynards Holidays Limited: £975,000 and Mynards (Cornwall) Limited: £706,154).

MYNARDS LIMITED (REGISTERED NUMBER: 01299383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. FIXED ASSET INVESTMENTS
Interest
in
subsidiary
£   
COST
At 1 February 2023
and 31 January 2024 3
NET BOOK VALUE
At 31 January 2024 3
At 31 January 2023 3

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 15,000 -
VAT 3,485 -
18,485 -

Amounts falling due after more than one year:
Amounts owed by group undertakings 2,666,188 -

Aggregate amounts 2,684,673 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings - 212,735
Taxation and social security 610 1,410
Other creditors 188,840 175,488
189,450 389,633

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other creditors 120,000 120,000

MYNARDS LIMITED (REGISTERED NUMBER: 01299383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


10. RESERVES
Revaluation
reserve
£   
Transfer to undistributable reserves 336,008

At 31 January 2024 336,008

During the year, the Company transferred fixed assets to the subsidiary companies, at a gain of £521,217. The net amount after deferred tax has been credited to the undistributable revaluation reserve.

11. TAXATION

2024 2023
£ £
Corporation tax - (1,370 )
Group relief 610 -
Deferred tax movement (14,456 ) (125 )
Prior year adjustment (1 ) (131 )
(13,847 ) (1,626 )