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REGISTERED NUMBER: 10587346 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Minor Venues Limited

Minor Venues Limited (Registered number: 10587346)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Minor Venues Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: A J N Collier
Mediacart Limited





REGISTERED OFFICE: 3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX





REGISTERED NUMBER: 10587346 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Minor Venues Limited (Registered number: 10587346)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 82,121 112,557
Cash at bank 9 1,631
82,130 114,188
CREDITORS
Amounts falling due within one year 5 228,862 177,764
NET CURRENT LIABILITIES (146,732 ) (63,576 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(146,732

)

(63,576

)

CREDITORS
Amounts falling due after more than one
year

6

19,167

49,948
NET LIABILITIES (165,899 ) (113,524 )

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (165,900 ) (113,525 )
SHAREHOLDERS' FUNDS (165,899 ) (113,524 )

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 31 October 2024 and were signed on its behalf by:



Mediacart Limited - Director


Minor Venues Limited (Registered number: 10587346)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Minor Venues 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.

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.

Although the company had net current liabilities at 31 January 2024 of £146,732 the financial statements have been prepared on the going concern basis which assumes the company will continue in operational existence for the foreseeable future. The directors believe this is appropriate and the financial statements do not include any adjustments that would result should the company not continue to trade.

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

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Minor Venues Limited (Registered number: 10587346)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 12,600
Amounts owed by group undertakings 55,000 99,423
Other debtors 27,121 534
82,121 112,557

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,161 9,889
Trade creditors 174,426 42,000
Other creditors 44,275 125,875
228,862 177,764

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 19,167 24,948
Other creditors - 25,000
19,167 49,948

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

8. RELATED PARTY DISCLOSURES

During the year the company made sales of £77,500 (2023 - £0) to the parent company and at the year end the company was owed £165,523 (2023 - £68,423) in relation to these transactions. A provision of £111,523 has been made against this debt.. During the year the company made sales of £13,000 (2023 £25,000) to MEG Merchandise Ltd a member of the same group.The amount owed by MEG Merchandise at the year end was £46,600. A Provision of £45,600 has been made against this debt.