REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
FOR |
MINSTER GROUP HOLDINGS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
FOR |
MINSTER GROUP HOLDINGS LIMITED |
MINSTER GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 13048123) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 30 June 2024 |
Page |
Company Information | 1 |
Accountants' Report | 2 |
Balance Sheet | 3 |
Notes to the Financial Statements | 4 |
MINSTER GROUP HOLDINGS LIMITED |
COMPANY INFORMATION |
For The Year Ended 30 June 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Business Advisors & Accountants |
Equinox House |
Clifton Park, Shipton Road |
York |
Yorkshire |
YO30 5PA |
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
MINSTER GROUP HOLDINGS LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company from the company's accounting records and from information and explanations you have given us. |
This report is made solely to the Board of Directors of the company, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of the company and state those matters that we have agreed to state to the Board of Directors of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of the company. You consider that the company 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 financial statements of the company. 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 financial statements. |
Business Advisors & Accountants |
Equinox House |
Clifton Park, Shipton Road |
York |
Yorkshire |
YO30 5PA |
MINSTER GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 13048123) |
BALANCE SHEET |
30 June 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors and authorised for issue on |
MINSTER GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 13048123) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 30 June 2024 |
1. | STATUTORY INFORMATION |
Minster Group Holdings Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These 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 £1. |
Preparation of consolidated financial statements |
The financial statements contain information about Minster Group Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Going concern |
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. |
Cash at bank and in hand |
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown with borrowings in current liabilities. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 July 2023 |
and 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
MINSTER GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 13048123) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 June 2024 |
4. | FIXED ASSET INVESTMENTS - continued |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: 4 Chessingham Park, Common Road Dunnington, York, YO19 5SE |
Nature of business: |
% |
Class of shares: | holding |
Registered office: Equinox House, Clifton Park Avenue, Clifton Park, Shipton Road, York, YO30 5PA |
Nature of business: |
% |
Class of shares: | holding |
Registered office: Equinox House, Clifton Park Avenue, Clifton Park, Shipton Road, York, YO30 5PA |
Nature of business: |
% |
Class of shares: | holding |
Registered office: Equinox House, Clifton Park Avenue, Clifton Park, Shipton Road, York, YO30 5PA |
Nature of business: |
% |
Class of shares: | holding |
Registered office: Equinox House, Clifton Park Avenue, Clifton Park, Shipton Road, York, YO30 5PA |
Nature of business: |
% |
Class of shares: | holding |
Registered office: Equinox House, Clifton Park Avenue, Clifton Park, Shipton Road, York, YO30 5PA |
Nature of business: |
% |
Class of shares: | holding |
Registered office: Equinox House, Clifton Park Avenue, Clifton Park, Shipton Road, York, YO30 5PA |
Nature of business: |
% |
Class of shares: | holding |
MINSTER GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 13048123) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 June 2024 |
4. | FIXED ASSET INVESTMENTS - continued |
Registered office: 4 Chessingham Park, Common Road Dunnington, York, YO19 5SE |
Nature of business: |
% |
Class of shares: | holding |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Taxation and social security |
Other creditors |
7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
Included in 'Other debtors' as at 30 June 2024 is £170,000 (2023 : Nil) due from the directors of the company. The outstanding balance was cleared with 9 months of the year end. |
8. | RELATED PARTY DISCLOSURES |
Included in 'Other Creditors' as at 30 June 2024 was £nil (June 2023 : £51,842) due to Minster Plumbing & Heating Limited, a 100% owned subsidiary. |