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Company Registration No. 13158972 (England and Wales)
Mindful Properties Ltd Unaudited accounts for the year ended 31 January 2024
Mindful Properties Ltd Unaudited accounts Contents
Page
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Mindful Properties Ltd Company Information for the year ended 31 January 2024
Directors
Charlotte Louise Jones John Joseph Mackin
Company Number
13158972 (England and Wales)
Registered Office
UNIT 2, BURLEY HOUSE ROWDITCH PLACE DERBY DE22 3LR ENGLAND
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Mindful Properties Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,785 
- 
Investment property
2,470,471 
1,509,487 
2,482,256 
1,509,487 
Current assets
Debtors
174,231 
28,968 
Cash at bank and in hand
20,269 
39,851 
194,500 
68,819 
Creditors: amounts falling due within one year
(205,386)
(134,138)
Net current liabilities
(10,886)
(65,319)
Total assets less current liabilities
2,471,370 
1,444,168 
Creditors: amounts falling due after more than one year
(2,664,787)
(1,496,380)
Net liabilities
(193,417)
(52,212)
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
24,903 
35,304 
Profit and loss account
(218,322)
(87,518)
Shareholders' funds
(193,417)
(52,212)
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by
John Joseph Mackin Director Company Registration No. 13158972
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Mindful Properties Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Mindful Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 13158972. The registered office is UNIT 2, BURLEY HOUSE, ROWDITCH PLACE, DERBY, DE22 3LR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 February 2023
- 
Additions
11,785 
At 31 January 2024
11,785 
Depreciation
At 31 January 2024
- 
Net book value
At 31 January 2024
11,785 
5
Investment property
2024 
£ 
Fair value at 1 February 2023
1,509,487 
Additions
960,984 
At 31 January 2024
2,470,471 
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Mindful Properties Ltd Notes to the Accounts for the year ended 31 January 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
739 
Accrued income and prepayments
31,086 
27,659 
Other debtors
143,145 
570 
174,231 
28,968 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
28,007 
- 
Loans from directors
172,475 
133,363 
Accruals
775 
775 
Deferred income
4,129 
- 
205,386 
134,138 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,666,691 
536,868 
Other creditors
998,096 
959,512 
2,664,787 
1,496,380 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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