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Company Registration No. 11200356 (England and Wales)
Mint Assets Ltd Unaudited accounts for the year ended 30 June 2024
Mint Assets Ltd Unaudited accounts Contents
Page
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Mint Assets Ltd Company Information for the year ended 30 June 2024
Director
S Kavanagh
Company Number
11200356 (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
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Mint Assets 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 Assets 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 Assets 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 Assets Ltd and state those matters that we have agreed to state to the Board of Directors of Mint Assets 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 Assets Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Mint Assets 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 Assets Ltd. You consider that Mint Assets 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 Assets 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
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Mint Assets Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
1,016,000 
1,016,000 
Investments
100 
100 
1,016,100 
1,016,100 
Current assets
Cash at bank and in hand
50 
121 
Creditors: amounts falling due within one year
(899,844)
(881,451)
Net current liabilities
(899,794)
(881,330)
Total assets less current liabilities
116,306 
134,770 
Creditors: amounts falling due after more than one year
(26,030)
(31,324)
Provisions for liabilities
Deferred tax
(49,574)
(49,574)
Net assets
40,702 
53,872 
Capital and reserves
Called up share capital
100 
100 
Fair value reserve
148,721 
148,721 
Profit and loss account
(108,119)
(94,949)
Shareholders' funds
40,702 
53,872 
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. 11200356
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Mint Assets Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Mint Assets Ltd is a private company, limited by shares, registered in England and Wales, registration number 11200356. 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.
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.
Turnover
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Investment property
Investment property is included at market fair value as derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in nature, location or condition of the specific asset. No depreciation is provided. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 July 2023
1,016,000 
At 30 June 2024
1,016,000 
The investment property valuations were made by the director and, in his opinion, these are an appropriate market value for the properties as at the balance sheet date. The mortgages held by the 100% subsidiary, Mint Buildings Ltd, were secured against the investment properties and at the balance sheet date these amounted to £723,646 (2023: £723,646).
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Mint Assets Ltd Notes to the Accounts for the year ended 30 June 2024
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 July 2023
100 
Valuation at 30 June 2024
100 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,294 
5,294 
Amounts owed to group undertakings and other participating interests
746,470 
739,417 
Taxes and social security
3,803 
- 
Loans from directors
143,377 
131,926 
Accruals
900 
4,814 
899,844 
881,451 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
26,030 
31,324 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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