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REGISTERED NUMBER: 01299383 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

MYNARDS LIMITED

MYNARDS LIMITED (REGISTERED NUMBER: 01299383)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MYNARDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: A C Mynard
C C Mynard
C Mynard





SECRETARY: C C Mynard





REGISTERED OFFICE: First Floor
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG





REGISTERED NUMBER: 01299383 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

MYNARDS LIMITED (REGISTERED NUMBER: 01299383)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Investments 5 3 3
3 3

CURRENT ASSETS
Debtors 6 2,679,938 2,684,673
Cash at bank 3,841 23,403
2,683,779 2,708,076
CREDITORS
Amounts falling due within one year 7 157,316 189,450
NET CURRENT ASSETS 2,526,463 2,518,626
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,526,466

2,518,629

CREDITORS
Amounts falling due after more than one
year

8

120,000

120,000
NET ASSETS 2,406,466 2,398,629

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 9 336,008 336,008
Retained earnings 2,069,458 2,061,621
SHAREHOLDERS' FUNDS 2,406,466 2,398,629

MYNARDS LIMITED (REGISTERED NUMBER: 01299383)

BALANCE SHEET - continued
31 JANUARY 2025


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 23 July 2025 and were signed on its behalf by:





A C Mynard - Director


MYNARDS LIMITED (REGISTERED NUMBER: 01299383)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1. STATUTORY INFORMATION

Mynards 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.

The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

Turnover
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added tax and trade discounts.

Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and loss accounts over its estimated economic life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Going concern
The company has cash resources and has no requirement for external funding. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis appropriate in preparing the annual financial statements.

Investments
Investments held as fixed assets are shown at cost less provision for impairment.

Investment in subsidiary
Investment in subsidiary undertakings are recognised at cost.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 February 2024
and 31 January 2025 70,000
Amortisation
At 1 February 2024
and 31 January 2025 70,000
Net book value
At 31 January 2025 -
At 31 January 2024 -

MYNARDS LIMITED (REGISTERED NUMBER: 01299383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


5. FIXED ASSET INVESTMENTS
Interest
in
subsidiary
£   
Cost
At 1 February 2024
and 31 January 2025 3
Net book value
At 31 January 2025 3
At 31 January 2024 3

6. DEBTORS
2025 2024
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 15,000 15,000
VAT 2,041 3,485
17,041 18,485

Amounts falling due after more than one year:
Amounts owed by group undertakings 2,662,897 2,666,188

Aggregate amounts 2,679,938 2,684,673

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security - 610
Other creditors 157,316 188,840
157,316 189,450

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Other creditors 120,000 120,000

9. RESERVES
Revaluation
reserve
£   
At 1 February 2024
and 31 January 2025 336,008

MYNARDS LIMITED (REGISTERED NUMBER: 01299383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


10. TAXATION

2024 2023
£ £
Corporation tax 1,455 -
Group relief (1,455 ) 610
Deferred tax movement - (14,456 )
Prior year adjustment - (1 )
- (13,847 )