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REGISTERED NUMBER: 03036363 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MIN LIMITED

MIN LIMITED (REGISTERED NUMBER: 03036363)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MIN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: S A Neale
H R Sharp





REGISTERED OFFICE: 101 Grantchester Meadows
Newnham
Cambridge
Cambridgeshire
CB3 9JN





REGISTERED NUMBER: 03036363 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

MIN LIMITED (REGISTERED NUMBER: 03036363)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 175 349
Investment property 6 4,956,996 4,845,000
4,957,171 4,845,349

CURRENT ASSETS
Stocks 23,246 49,292
Debtors 7 6,948 44,801
Cash at bank 412,283 530,387
442,477 624,480
CREDITORS
Amounts falling due within one year 8 (48,257 ) (111,979 )
NET CURRENT ASSETS 394,220 512,501
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,351,391

5,357,850

PROVISIONS FOR LIABILITIES 9 (898,220 ) (898,220 )
NET ASSETS 4,453,171 4,459,630

CAPITAL AND RESERVES
Called up share capital 10 101 2
Share premium 1,338 -
Capital redemption reserve 98 98
Retained earnings 4,451,634 4,459,530
SHAREHOLDERS' FUNDS 4,453,171 4,459,630

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

MIN LIMITED (REGISTERED NUMBER: 03036363)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:





S A Neale - Director


MIN LIMITED (REGISTERED NUMBER: 03036363)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Min 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 presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 is derived from rental income from owned property and farming income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

MIN LIMITED (REGISTERED NUMBER: 03036363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2024
and 31 December 2024 5,701
DEPRECIATION
At 1 January 2024 5,352
Charge for year 174
At 31 December 2024 5,526
NET BOOK VALUE
At 31 December 2024 175
At 31 December 2023 349

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 4,845,000
Additions 111,996
At 31 December 2024 4,956,996
NET BOOK VALUE
At 31 December 2024 4,956,996
At 31 December 2023 4,845,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2016 1,252,122
Valuation in 2017 1,377,878
Valuation in 2020 370,000
Valuation in 2021 150,000
Valuation in 2022 1,695,000
Valuation in 2024 111,996
4,956,996

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,364,118 1,252,122

Investment property was valued on a fair value basis on by the director .

MIN LIMITED (REGISTERED NUMBER: 03036363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 250 250
Other debtors 6,698 44,551
6,948 44,801

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 455 27,048
Other creditors 47,802 84,931
48,257 111,979

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 898,220 898,220

Deferred
tax
£   
Balance at 1 January 2024 898,220
Balance at 31 December 2024 898,220

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
NIL Ordinary 1 - 2
10,000 Ordinary A 1p 100 -
3 Ordinary B 1p 1 -
101 2

3 Ordinary B shares of 1p each were allotted as fully paid at a premium of 446 per share during the year.

Share capital has been rounded to the nearest pound for disclosure purposes only.

During the year 100 Ordinary £1 shares were converted to 10,000 Ordinary A 1p shares.