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REGISTERED NUMBER: 13301932 (England and Wales)















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: Y Zekaria





REGISTERED OFFICE: 55 Loudoun Road
St. John's Road
London
NW8 0DL





REGISTERED NUMBER: 13301932 (England and Wales)





ACCOUNTANTS: MGR Weston Kay LLP
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 6,568,977 6,557,480
Debtors 4 1,342,299 977,120
Cash at bank 92,169 158,225
8,003,445 7,692,825
CREDITORS
Amounts falling due within one year 5 (3,218,954 ) (3,005,498 )
NET CURRENT ASSETS 4,784,491 4,687,327
TOTAL ASSETS LESS CURRENT LIABILITIES 4,784,491 4,687,327

CREDITORS
Amounts falling due after more than one
year

6

(4,663,056

)

(4,662,097

)
NET ASSETS 121,435 25,230

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 121,434 25,229
SHAREHOLDERS' FUNDS 121,435 25,230

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2025 and were signed by:





Y Zekaria - Director


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 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.

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 3 (2023 - 1 ) .

4. DEBTORS
31.12.23 29.3.23
as restated
£    £   
Amounts falling due within one year:
Trade debtors 27,657 27,837
Amounts owed by related parties 1,226,176 861,593
Other debtors 5,269 1,750
1,259,102 891,180

Amounts falling due after more than one year:
Other debtors 83,197 85,940

Aggregate amounts 1,342,299 977,120

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 29.3.23
as restated
£    £   
Trade creditors 51,126 37,328
Amounts owed to related parties 2,809,578 2,788,617
Taxation and social security 290,559 144,261
Other creditors 67,691 35,292
3,218,954 3,005,498

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) 4,663,056 4,662,097

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

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
£    £   
1 Ordinary £1 1 1