Company Registration No. 12220702 (England and Wales)
Min Investment UK Ltd
Unaudited accounts
for the year ended 30 September 2024
Min Investment UK Ltd
Unaudited accounts
Contents
Min Investment UK Ltd
Company Information
for the year ended 30 September 2024
Company Number
12220702 (England and Wales)
Registered Office
2 Quebec Road
Ilford
IG1 4TX
England
Accountants
Anthony Daniel Associates Ltd
10 Julian Place
London
E14 3AT
Min Investment UK Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
1,710,112
1,652,490
Cash at bank and in hand
15,579
11,055
Creditors: amounts falling due within one year
(564,562)
(507,397)
Net current liabilities
(546,343)
(492,438)
Total assets less current liabilities
1,163,769
1,160,052
Creditors: amounts falling due after more than one year
(1,167,884)
(1,158,356)
Net (liabilities)/assets
(4,115)
1,696
Called up share capital
1
1
Profit and loss account
(4,116)
1,695
Shareholders' funds
(4,115)
1,696
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 June 2025 and were signed on its behalf by
Min Xu
Director
Company Registration No. 12220702
Min Investment UK Ltd
Notes to the Accounts
for the year ended 30 September 2024
Min Investment UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 12220702. The registered office is 2 Quebec Road, Ilford, IG1 4TX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on cost
These accounts have been prepared on the going concern basis, on the understanding that the director and shareholders will continue to financially support the company during this uncertain period.
Min Investment UK Ltd
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 October 2023
1,648,862
5,492
1,654,354
At 30 September 2024
1,707,582
5,492
1,713,074
At 1 October 2023
-
1,864
1,864
Charge for the year
-
1,098
1,098
At 30 September 2024
-
2,962
2,962
At 30 September 2024
1,707,582
2,530
1,710,112
At 30 September 2023
1,648,862
3,628
1,652,490
Amounts falling due within one year
Accrued income and prepayments
2,640
3,904
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
59,062
4,398
Taxes and social security
56
15
Loans from directors
504,630
502,157
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,167,884
1,158,356
The company has total secured liability to the value of £1,167,884 (2023: £1,158,356) which comprise of mortgage loans. The mortgage loans are secured by way of a first legal mortgage over the residential properties listed as follows:-
Flat 71 Central House, 32-66 High Street, London E15 2NY
30 Hobday Street, London E14 6AZ
Flat 18, 12 Rathbone Market, Barking Road, London E16 1GY
74 Meath Road, London E15 3DR
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Min Investment UK Ltd
Notes to the Accounts
for the year ended 30 September 2024
The ultimate controlling party is Ms. Min Xu, who is the sole director and holds one hundred percent of the company shares.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).