Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Mr R G Davey 19/11/2021 Mr C J Robertson 01/10/2019 04 June 2025 The principal activity of the company is the management of property. 09882323 2024-12-31 09882323 bus:Director1 2024-12-31 09882323 bus:Director2 2024-12-31 09882323 core:CurrentFinancialInstruments 2024-12-31 09882323 core:CurrentFinancialInstruments 2023-12-31 09882323 2023-12-31 09882323 core:ShareCapital 2024-12-31 09882323 core:ShareCapital 2023-12-31 09882323 core:RetainedEarningsAccumulatedLosses 2024-12-31 09882323 core:RetainedEarningsAccumulatedLosses 2023-12-31 09882323 2024-01-01 2024-12-31 09882323 bus:FilletedAccounts 2024-01-01 2024-12-31 09882323 bus:SmallEntities 2024-01-01 2024-12-31 09882323 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09882323 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09882323 bus:Director1 2024-01-01 2024-12-31 09882323 bus:Director2 2024-01-01 2024-12-31 09882323 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 09882323 (England and Wales)

MINERVA HOUSE (MANAGEMENT COMPANY) LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

MINERVA HOUSE (MANAGEMENT COMPANY) LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

MINERVA HOUSE (MANAGEMENT COMPANY) LIMITED

BALANCE SHEET

As at 31 December 2024
MINERVA HOUSE (MANAGEMENT COMPANY) LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Current assets
Debtors 3 4,180 2,444
Cash at bank and in hand 45,985 39,410
50,165 41,854
Creditors: amounts falling due within one year 4 ( 44,865) ( 32,954)
Net current assets 5,300 8,900
Total assets less current liabilities 5,300 8,900
Provision for liabilities ( 5,000) ( 10,000)
Net assets/(liabilities) 300 ( 1,100)
Capital and reserves
Called-up share capital 300 300
Profit and loss account 0 ( 1,400 )
Total shareholders' funds/(deficit) 300 ( 1,100)

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Minerva House (Management Company) Limited (registered number: 09882323) were approved and authorised for issue by the Board of Directors on 04 June 2025. They were signed on its behalf by:

Mr R G Davey
Director
MINERVA HOUSE (MANAGEMENT COMPANY) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
MINERVA HOUSE (MANAGEMENT COMPANY) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Minerva House (Management Company) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Minerva House Orchard Way, Edginswell Business Park, Torquay, TQ2 7FA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax. The company recognises revenue based on its value of the service provided to date.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Debtors

2024 2023
£ £
Trade debtors 302 302
Prepayments 2,478 2,142
Corporation tax 1,400 0
4,180 2,444

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 41,118 27,175
Accruals 3,000 3,000
Taxation and social security 747 2,779
44,865 32,954