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REGISTERED NUMBER: 04932452 (England and Wales)















Unaudited Financial Statements

for the Period 1 October 2024 to 31 March 2025

for

Minffordd Consortium Limited

Minffordd Consortium Limited (Registered number: 04932452)






Contents of the Financial Statements
for the Period 1 October 2024 to 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Minffordd Consortium Limited

Company Information
for the Period 1 October 2024 to 31 March 2025







DIRECTOR: Mr J K Leonard





REGISTERED OFFICE: 100 Netherstreet
Bromham
Chippenham
Wiltshire
SN15 2DS





REGISTERED NUMBER: 04932452 (England and Wales)





ACCOUNTANTS: Dunn & Ellis Cyf Statutory Auditors
St David's Building
Lombard Street
Porthmadog
Gwynedd
LL49 9AP

Minffordd Consortium Limited (Registered number: 04932452)

Balance Sheet
31 March 2025

31.3.25 30.9.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 840,690

CURRENT ASSETS
Debtors 5 - 24,000
Cash at bank 63,936 37,815
63,936 61,815
CREDITORS
Amounts falling due within one year 6 481,549 1,506,224
NET CURRENT LIABILITIES (417,613 ) (1,444,409 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(417,613

)

(603,719

)

CAPITAL AND RESERVES
Called up share capital 1,710,000 1,710,000
Retained earnings (2,127,613 ) (2,313,719 )
SHAREHOLDERS' FUNDS (417,613 ) (603,719 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 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.

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 2 June 2025 and were signed by:





Mr J K Leonard - Director


Minffordd Consortium Limited (Registered number: 04932452)

Notes to the Financial Statements
for the Period 1 October 2024 to 31 March 2025

1. STATUTORY INFORMATION

Minffordd Consortium 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 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. The financial statements have been prepared under the historical cost convention.

Going concern
The accounts have not been prepared on the going concern basis, as the company is to be dissolved withing the next 12 months.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

Minffordd Consortium Limited (Registered number: 04932452)

Notes to the Financial Statements - continued
for the Period 1 October 2024 to 31 March 2025

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2024 840,690 1 840,691
Disposals (1,000,000 ) - (1,000,000 )
At 31 March 2025 (159,310 ) 1 (159,309 )
DEPRECIATION
At 1 October 2024 - 1 1
Eliminated on disposal (159,310 ) - (159,310 )
At 31 March 2025 (159,310 ) 1 (159,309 )
NET BOOK VALUE
At 31 March 2025 - - -
At 30 September 2024 840,690 - 840,690

No depreciation is charged on long leasehold land and buildings on the grounds that it would be immaterial due to the estimated residual value and length of estimated remaining useful life. The value of the long leasehold buildings is reviewed for impairment annually.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 30.9.24
£    £   
Trade debtors - 24,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 30.9.24
£    £   
Bank loans and overdrafts 6 6
Payments on account - 28,256
Taxation and social security 31,792 33,025
Other creditors 449,751 1,444,937
481,549 1,506,224

7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 30.9.24
£    £   
Loan from M Endean Esq 273,988 1,192,184
Loan from J Leonard Esq 173,812 251,318
447,800 1,443,502

M Endean, the majority shareholder holds a legal charge dated 2nd August, 2005 and secured on the property Unit 6, Snowdonia Business Park, Penrhyndeudraeth, Gwynedd.

Minffordd Consortium Limited (Registered number: 04932452)

Notes to the Financial Statements - continued
for the Period 1 October 2024 to 31 March 2025

8. RELATED PARTY DISCLOSURES

Having sold the company's remaining property and after paying outstanding liabilities, the balances of funds due to secured creditors were written off. Other creditors include loans from M Endean Esq, the majority shareholder, that total £273,988 (2024 £1,192,184) and loans from J Leonard Esq, director and minority shareholder, that total £173,812 (2024 £251,318).

9. ULTIMATE CONTROLLING PARTY

The controlling party is M B Endean.