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REGISTERED NUMBER: 11017075 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

MINNIE B LIMITED

MINNIE B LIMITED (REGISTERED NUMBER: 11017075)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31ST OCTOBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MINNIE B LIMITED

COMPANY INFORMATION
for the Year Ended 31ST OCTOBER 2023







DIRECTOR: J Beswick





REGISTERED OFFICE: 13 Lodge Street
Ramsbottom
Bury
BL0 9AW





REGISTERED NUMBER: 11017075 (England and Wales)





ACCOUNTANTS: Whitehead & Howarth
327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN

MINNIE B LIMITED (REGISTERED NUMBER: 11017075)

ABRIDGED BALANCE SHEET
31ST OCTOBER 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,989,396 1,143,494

CURRENT ASSETS
Debtors 56,583 9,619
Cash at bank 44,610 12,203
101,193 21,822
CREDITORS
Amounts falling due within one year 1,621,355 1,062,841
NET CURRENT LIABILITIES (1,520,162 ) (1,041,019 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

469,234

102,475

PROVISIONS FOR LIABILITIES 71,475 -
NET ASSETS 397,759 102,475

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 5 214,426 -
Retained earnings 183,332 102,474
397,759 102,475

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 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.

MINNIE B LIMITED (REGISTERED NUMBER: 11017075)

ABRIDGED BALANCE SHEET - continued
31ST OCTOBER 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 Balance Sheet for the year ended 31st October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 23rd September 2024 and were signed by:





J Beswick - Director


MINNIE B LIMITED (REGISTERED NUMBER: 11017075)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31ST OCTOBER 2023

1. STATUTORY INFORMATION

Minnie B 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 as modified by the revaluation of certain assets.

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

Investment property
Investment property is initially recognised at cost and subsequently stated at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

MINNIE B LIMITED (REGISTERED NUMBER: 11017075)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST OCTOBER 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2022 1,143,494
Additions 560,000
Revaluations 285,902
At 31st October 2023 1,989,396
NET BOOK VALUE
At 31st October 2023 1,989,396
At 31st October 2022 1,143,494

Fair value at 31st October 2023 is represented by:
£   
Valuation in 2023 1,989,396

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

31/10/23 31/10/22
£    £   
Cost 1,703,494 1,143,494

Investment properties were valued on fair value basis on 31st October 2023 by the director .

To arrive at fair value, the director uses his understanding of the condition of the property and recent comparable sales transactions of similar property discounted, where applicable, to reflect current condition of the property.

5. RESERVES
Fair
value
reserve
£   
Non distributable reserves 214,426

At 31st October 2023 214,426

6. RELATED PARTY DISCLOSURES

Minnie B Limited lets and manages residential properties on behalf of Hambledon View Developments Limited. Hambledon View Developments Limited and Minnie B Limited are under common control and directorship. During the year Hambledon View Developments Limited was charged £25,600 (2022: £25,470) in property management fees by Minnie B Limited. No amounts were outstanding at the year end.

Hambledon View Developments Limited recently completed constructing new residential investment properties on behalf of Minnie B Limited. Included in creditors due within one year is £560,000 owed to Hambledon View Developments Limited for the transfer of newly constructed investment properties to Minnie B Limited.