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COMPANY REGISTRATION NUMBER: 07137149
Meeting Minds Holdings Limited
Filleted Unaudited Financial Statements
30 June 2024
Meeting Minds Holdings Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Fixed assets
Investments
4
500,000
500,000
Current assets
Cash at bank and in hand
790
106
Creditors: amounts falling due within one year
5
790
106
---------
---------
Total assets less current liabilities
500,000
500,000
---------
---------
Capital and reserves
Called up share capital
100
100
Share premium account
499,900
499,900
---------
---------
Shareholders funds
500,000
500,000
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 9 October 2024 , and are signed on behalf of the board by:
Mrs N Rankin
Director
Company registration number: 07137149
Meeting Minds Holdings Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kingfisher House, Hurstwood Grange, Hurstwood Lane, Haywards Heath, West Sussex, RH17 7QX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
4. Investments
Shares in group undertakings
£
Cost
At 1 July 2023 and 30 June 2024
500,000
---------
Impairment
At 1 July 2023 and 30 June 2024
---------
Carrying amount
At 30 June 2024
500,000
---------
At 30 June 2023
500,000
---------
The investments represent 100% of the issued share capital of Exposure 4 Limited and Advantage Management Group Limited. During the year 75% of the issued share capital of Ianada Limited was disposed.
5. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
790
106
----
----
6. Related party transactions
The company was under the control of Mr D Pearson and Mrs N Rankin throughout the current year. Mr D Pearson and Mrs N Rankin is the sole directors and shareholders.