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REGISTERED NUMBER: 13979836 (England and Wales)















Minor Plus Est Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024






Minor Plus Est Limited (Registered number: 13979836)

Contents of the Financial Statements
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Minor Plus Est Limited

Company Information
for the year ended 30 June 2024







Director: M R Castle





Registered office: Elles House
4b Invincible Road Industrial Estate
Farnborough
Hampshire
GU14 7QU





Registered number: 13979836 (England and Wales)





Accountants: Cooper Parry Advisory Limited
250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP

Minor Plus Est Limited (Registered number: 13979836)

Balance Sheet
30 June 2024

2024 2023
Notes £ £ £ £
Fixed assets
Investment property 4 1,350,000 1,350,000

Current assets
Debtors 5 92,014 126,666
Cash at bank 141,076 127,858
233,090 254,524
Creditors
Amounts falling due within one year 6 109,884 169,795
Net current assets 123,206 84,729
Total assets less current liabilities 1,473,206 1,434,729

Provisions for liabilities 66,459 66,459
Net assets 1,406,747 1,368,270

Capital and reserves
Called up share capital 7 550 550
Fair value reserve 8 199,376 199,376
Retained earnings 8 1,206,821 1,168,344
Shareholders' funds 1,406,747 1,368,270

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 director and authorised for issue on 20 January 2025 and were signed by:





M R Castle - Director


Minor Plus Est Limited (Registered number: 13979836)

Notes to the Financial Statements
for the year ended 30 June 2024


1. Statutory information

Minor Plus Est 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Hence, the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include deposits at call with banks.

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

Investment property
Investment properties are included in the Balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its Financial instruments.

Basic financial assets
Basic Financial assets, which include debtors, cash and bank balances are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and amounts due to fellow group companies, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payments is due within one year or less. If not, they are presented as non-current liabilities. Trade


Minor Plus Est Limited (Registered number: 13979836)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 (2023 - 1 ) .

4. Investment property
Total
£
Fair value
At 1 July 2023
and 30 June 2024 1,350,000
Net book value
At 30 June 2024 1,350,000
At 30 June 2023 1,350,000

At 30 June 2024 the fair value of the investment property was revalued by the directors to a fair value of £1,350,000. The historical cost of the property held was £1,084,165

Fair value at 30 June 2024 is represented by:
£
Valuation in 2023 265,835
Cost 1,084,165
1,350,000

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 89,967 112,174
Other debtors 2,047 14,492
92,014 126,666

Minor Plus Est Limited (Registered number: 13979836)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 1,510 23,228
Amounts owed to group undertakings - 42,650
Taxation and social security 17,448 31,577
Other creditors 90,926 72,340
109,884 169,795

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
500 Ordinary A £1 500 500
50 Ordinary B £1 50 50
550 550

8. Reserves
Retained Fair value
earnings reserve Totals
£ £ £

At 1 July 2023 1,168,344 199,376 1,367,720
Profit for the year 38,477 38,477
At 30 June 2024 1,206,821 199,376 1,406,197