Company Registration No. 13241919 (England and Wales)
Mint Buildings Ltd
Unaudited accounts
for the year ended 30 June 2024
Mint Buildings Ltd
Unaudited accounts
Contents
Mint Buildings Ltd
Company Information
for the year ended 30 June 2024
Company Number
13241919 (England and Wales)
Registered Office
26 Teal Way
Iwade
Sittingbourne
Kent
ME9 8QU
Accountants
Attire Accounting Limited
45 Granville Drive
Herne Bay
Kent
CT6 7QZ
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Mint Buildings Ltd
for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Mint Buildings Ltd for the year ended
30 June 2024 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Mint Buildings Ltd, as a body, in accordance with the terms of our engagement letter dated 16 June 2022. Our work has been undertaken solely to prepare for your approval the accounts of Mint Buildings Ltd and state those matters that we have agreed to state to the Board of Directors of Mint Buildings Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mint Buildings Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Mint Buildings Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Mint Buildings Ltd. You consider that Mint Buildings Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Mint Buildings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Attire Accounting Limited
Chartered Certified Accountants
45 Granville Drive
Herne Bay
Kent
CT6 7QZ
24 March 2025
Mint Buildings Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
9,787
13,050
Cash at bank and in hand
3,824
2,119
Creditors: amounts falling due within one year
(28,385)
(20,650)
Net current assets
721,909
720,886
Total assets less current liabilities
731,696
733,936
Creditors: amounts falling due after more than one year
(723,646)
(723,646)
Called up share capital
100
100
Profit and loss account
7,950
10,190
Shareholders' funds
8,050
10,290
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 24 March 2025 and were signed on its behalf by
S Kavanagh
Director
Company Registration No. 13241919
Mint Buildings Ltd
Notes to the Accounts
for the year ended 30 June 2024
Mint Buildings Ltd is a private company, limited by shares, registered in England and Wales, registration number 13241919. The registered office is 26 Teal Way, Iwade, Sittingbourne, Kent, ME9 8QU.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
25% straight line basis
4
Tangible fixed assets
Motor vehicles
Mint Buildings Ltd
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due after more than one year
Amounts due from group undertakings etc.
746,470
739,417
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
24,720
14,408
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
723,646
723,646
Aggregate of amounts that fall due for payment after five years
723,646
723,646
The mortgages held are secured against the investment properties of the parent company, Mint Assets Ltd, and at the balance sheet date these amounted to £723,646.
The controlling party is the holding company, Mint Assets Ltd, and the ultimate controlling party is S Kavanagh, the director, by virtue of his shareholding in the holding company, Mint Assets Ltd.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).