| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 30 MARCH 2023 TO 31 DECEMBER 2023 |
| FOR |
| 140 MINORIES LIMITED |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 30 MARCH 2023 TO 31 DECEMBER 2023 |
| FOR |
| 140 MINORIES LIMITED |
| 140 MINORIES LIMITED (REGISTERED NUMBER: 13301932) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 30 MARCH 2023 TO 31 DECEMBER 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| 140 MINORIES LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 30 MARCH 2023 TO 31 DECEMBER 2023 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 55 Loudoun Road |
| St John's Wood |
| London |
| NW8 0DL |
| 140 MINORIES LIMITED (REGISTERED NUMBER: 13301932) |
| BALANCE SHEET |
| 31 DECEMBER 2023 |
| 31.12.23 | 29.3.23 |
| as restated |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 140 MINORIES LIMITED (REGISTERED NUMBER: 13301932) |
| BALANCE SHEET - continued |
| 31 DECEMBER 2023 |
| The financial statements were approved by the director and authorised for issue on |
| 140 MINORIES LIMITED (REGISTERED NUMBER: 13301932) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 30 MARCH 2023 TO 31 DECEMBER 2023 |
| 1. | STATUTORY INFORMATION |
| 140 Minories Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. |
| The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. |
| Stocks |
| Stock includes properties in the course of construction held with the intention of selling them in the ordinary course of business. Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. |
| Taxation |
| Taxation for the period 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 period 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. |
| 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. |
| Cash and cash equivalents |
| 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 within borrowings in current liabilities. |
| 140 MINORIES LIMITED (REGISTERED NUMBER: 13301932) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 30 MARCH 2023 TO 31 DECEMBER 2023 |
| 2. | ACCOUNTING POLICIES - continued |
| Equity instruments |
| Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company. |
| Employee benefits |
| The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. |
| The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. |
| Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | DEBTORS |
| 31.12.23 | 29.3.23 |
| as restated |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Amounts owed by related parties |
| Other debtors |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.23 | 29.3.23 |
| as restated |
| £ | £ |
| Trade creditors |
| Amounts owed to related parties |
| Taxation and social security |
| Other creditors |
| 140 MINORIES LIMITED (REGISTERED NUMBER: 13301932) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 30 MARCH 2023 TO 31 DECEMBER 2023 |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.12.23 | 29.3.23 |
| as restated |
| £ | £ |
| Bank loans (see note 7) |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-installment |
| 7. | LOANS |
| An analysis of the maturity of loans is given below: |
| 31.12.23 | 29.3.23 |
| as restated |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-installment | 4,663,056 | 4,662,097 |
| The long-term loans are secured by fixed charges over the company's assets. |
| Directors' transactions |
| The director has provided a personal guarantee for the bank loan. |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.23 | 29.3.23 |
| value: | as restated |
| £ | £ |
| Ordinary | £1 | 1 | 1 |