Registered number
07830626
G Minei Ltd
Filleted Accounts
30 November 2024
G Minei Ltd
Registered number: 07830626
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 211 264
Investments 4 429,781 429,781
429,992 430,045
Current assets
Debtors 5 - 386
Cash at bank and in hand 15,843 548
15,843 934
Creditors: amounts falling due within one year 6 (174,267) (169,348)
Net current liabilities (158,424) (168,414)
Net assets 271,568 261,631
Capital and reserves
Called up share capital 100 100
Profit and loss account 271,468 261,531
Shareholders' funds 271,568 261,631
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Glaucia Minei
Director
Approved by the board on 9 June 2025
G Minei Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2023 330
At 30 November 2024 330
Depreciation
At 1 December 2023 66
Charge for the year 53
At 30 November 2024 119
Net book value
At 30 November 2024 211
At 30 November 2023 264
4 Investments
Other
investments
£
Cost
At 1 December 2023 429,781
At 30 November 2024 429,781
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 386
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 5
Trade creditors 78 297
Amounts owed to group undertakings and undertakings in which the company has a participating interest 133,440 123,304
Taxation and social security costs 24,040 29,358
Other creditors 16,709 16,384
174,267 169,348
7 Other information
G Minei Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Flat 2
1 Highbury Place 1 Highbury Place
London
England
N5 1QZ
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