IRIS Accounts Production v24.2.0.383 05754483 director 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh057544832023-01-31057544832024-01-31057544832023-02-012024-01-31057544832022-01-31057544832022-02-012023-01-31057544832023-01-3105754483ns15:EnglandWales2023-02-012024-01-3105754483ns14:PoundSterling2023-02-012024-01-3105754483ns10:Director12023-02-012024-01-3105754483ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3105754483ns10:SmallEntities2023-02-012024-01-3105754483ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3105754483ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3105754483ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3105754483ns10:FullAccounts2023-02-012024-01-3105754483ns10:CompanySecretary12023-02-012024-01-3105754483ns10:RegisteredOffice2023-02-012024-01-3105754483ns5:CurrentFinancialInstruments2024-01-3105754483ns5:CurrentFinancialInstruments2023-01-3105754483ns5:Non-currentFinancialInstruments2024-01-3105754483ns5:Non-currentFinancialInstruments2023-01-3105754483ns5:ShareCapital2024-01-3105754483ns5:ShareCapital2023-01-3105754483ns5:RetainedEarningsAccumulatedLosses2024-01-3105754483ns5:RetainedEarningsAccumulatedLosses2023-01-3105754483ns5:PlantMachinery2023-02-012024-01-3105754483ns5:LandBuildings2023-01-3105754483ns5:PlantMachinery2023-01-3105754483ns5:LandBuildings2023-02-012024-01-3105754483ns5:LandBuildings2024-01-3105754483ns5:PlantMachinery2024-01-3105754483ns5:LandBuildings2023-01-3105754483ns5:PlantMachinery2023-01-3105754483ns5:CostValuation2023-01-3105754483ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3105754483ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31
REGISTERED NUMBER: 05754483 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

MYNARDS (CORNWALL) LIMITED

MYNARDS (CORNWALL) LIMITED (REGISTERED NUMBER: 05754483)

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 (CORNWALL) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: C C Mynard





SECRETARY: A C Mynard





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





REGISTERED NUMBER: 05754483 (England and Wales)





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

MYNARDS (CORNWALL) LIMITED (REGISTERED NUMBER: 05754483)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 713,639 5,944
Investments 5 3 3
713,642 5,947

CURRENT ASSETS
Debtors 6 1,426 800
Cash at bank and in hand 32,646 50,660
34,072 51,460
CREDITORS
Amounts falling due within one year 7 9,961 11,836
NET CURRENT ASSETS 24,111 39,624
TOTAL ASSETS LESS CURRENT
LIABILITIES

737,753

45,571

CREDITORS
Amounts falling due after more than
one year

8

(707,273

)

-

PROVISIONS FOR LIABILITIES (787 ) (702 )
NET ASSETS 29,693 44,869

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 29,692 44,868
29,693 44,869

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 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.

MYNARDS (CORNWALL) LIMITED (REGISTERED NUMBER: 05754483)

BALANCE SHEET - continued
31 JANUARY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 August 2024 and were signed by:





C C Mynard - Director


MYNARDS (CORNWALL) LIMITED (REGISTERED NUMBER: 05754483)

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


1. STATUTORY INFORMATION

Mynards (Cornwall) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 20% on cost

Property improvements - 40 years on cost

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

Going concern
The company has cash resources and has no requirement for external funding. The director has 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.

3. EMPLOYEES AND DIRECTORS

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

MYNARDS (CORNWALL) LIMITED (REGISTERED NUMBER: 05754483)

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


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 - 10,916 10,916
Additions 700,176 10,607 710,783
At 31 January 2024 700,176 21,523 721,699
DEPRECIATION
At 1 February 2023 - 4,972 4,972
Charge for year - 3,088 3,088
At 31 January 2024 - 8,060 8,060
NET BOOK VALUE
At 31 January 2024 700,176 13,463 713,639
At 31 January 2023 - 5,944 5,944

During the year, fixed assets with a market value of £706,154 was transferred into the Company from the parent company, Mynards Limited.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 February 2023
and 31 January 2024 3
NET BOOK VALUE
At 31 January 2024 3
At 31 January 2023 3


Name
Class of
share
Holding
31.1.24
Principal activity
31.1.24
Menagwins Court Management Co Ltd Ordinary 50% Trading




MYNARDS (CORNWALL) LIMITED (REGISTERED NUMBER: 05754483)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,426 800

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 71 -
Amounts owed to group undertakings 5,000 3,876
Taxation and social security 234 2,502
Other creditors 4,656 5,458
9,961 11,836

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 707,273 -

9. TAXATION

2024 2023
£ £
Corporation tax (776 ) 701
Deferred tax movement 85 573
(691 ) 1,274