Silverfin false false 31/07/2024 01/08/2023 31/07/2024 M Spiro 12/09/2001 S Spiro 01/04/2025 D Spiro 24/02/1993 I Spiro 24/02/1993 29 July 2025 The principal activity of the company in the year under review was that of development of building projects. 00517369 2024-07-31 00517369 bus:Director1 2024-07-31 00517369 bus:Director2 2024-07-31 00517369 bus:Director3 2024-07-31 00517369 bus:Director4 2024-07-31 00517369 2023-07-31 00517369 core:CurrentFinancialInstruments 2024-07-31 00517369 core:CurrentFinancialInstruments 2023-07-31 00517369 core:Non-currentFinancialInstruments 2024-07-31 00517369 core:Non-currentFinancialInstruments 2023-07-31 00517369 core:ShareCapital 2024-07-31 00517369 core:ShareCapital 2023-07-31 00517369 core:FurtherSpecificReserve1ComponentTotalEquity 2024-07-31 00517369 core:FurtherSpecificReserve1ComponentTotalEquity 2023-07-31 00517369 core:RetainedEarningsAccumulatedLosses 2024-07-31 00517369 core:RetainedEarningsAccumulatedLosses 2023-07-31 00517369 core:OtherPropertyPlantEquipment 2023-07-31 00517369 core:OtherPropertyPlantEquipment 2024-07-31 00517369 2023-08-01 2024-07-31 00517369 bus:FilletedAccounts 2023-08-01 2024-07-31 00517369 bus:SmallEntities 2023-08-01 2024-07-31 00517369 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 00517369 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 00517369 bus:Director1 2023-08-01 2024-07-31 00517369 bus:Director2 2023-08-01 2024-07-31 00517369 bus:Director3 2023-08-01 2024-07-31 00517369 bus:Director4 2023-08-01 2024-07-31 00517369 core:OtherPropertyPlantEquipment 2023-08-01 2024-07-31 00517369 2022-08-01 2023-07-31 00517369 core:CurrentFinancialInstruments 2023-08-01 2024-07-31 00517369 1 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Company No: 00517369 (England and Wales)

MINTON HOLDINGS LIMITED

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

MINTON HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

MINTON HOLDINGS LIMITED

COMPANY INFORMATION

For the financial year ended 31 July 2024
MINTON HOLDINGS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 July 2024
DIRECTORS M Spiro
S Spiro (Appointed 01 April 2025)
D Spiro
I Spiro
SECRETARY D Spiro
REGISTERED OFFICE Treviot House
186-192 High Road
Ilford
IG1 1LR
United Kingdom
COMPANY NUMBER 00517369 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
MINTON HOLDINGS LIMITED

BALANCE SHEET

As at 31 July 2024
MINTON HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,341 1,788
Investment property 4 3,656,459 3,756,459
Investments 5 5 5
3,657,805 3,758,252
Current assets
Stocks 6 5,278,183 5,255,198
Debtors
- due within one year 7 445,353 472,975
- due after more than one year 7 389,639 389,639
Cash at bank and in hand 2,861,866 2,570,861
8,975,041 8,688,673
Creditors: amounts falling due within one year 8 ( 1,876,083) ( 1,865,869)
Net current assets 7,098,958 6,822,804
Total assets less current liabilities 10,756,763 10,581,056
Net assets 10,756,763 10,581,056
Capital and reserves
Called-up share capital 10,000 10,000
Fair value reserve 10 551,287 645,152
Profit and loss account 10,195,476 9,925,904
Total shareholders' funds 10,756,763 10,581,056

For the financial year ending 31 July 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 Minton Holdings Limited (registered number: 00517369) were approved and authorised for issue by the Board of Directors on 29 July 2025. They were signed on its behalf by:

I Spiro
Director
MINTON HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
MINTON HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 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

Minton Holdings 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 Treviot House, 186-192 High Road, Ilford, IG1 1LR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover represents rental income receivable during the year excluding value added tax.

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance
Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are properties held for sale and stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes purchase price and other attributable costs.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 August 2023 41,528 41,528
At 31 July 2024 41,528 41,528
Accumulated depreciation
At 01 August 2023 39,740 39,740
Charge for the financial year 447 447
At 31 July 2024 40,187 40,187
Net book value
At 31 July 2024 1,341 1,341
At 31 July 2023 1,788 1,788

4. Investment property

Investment property
£
Valuation
As at 01 August 2023 3,756,459
Disposals (100,000)
As at 31 July 2024 3,656,459

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 3,592,069 3,742,070

5. Fixed asset investments

2024 2023
£ £
Subsidiary undertakings 5 5

6. Stocks

2024 2023
£ £
Stocks 5,278,183 5,255,198

7. Debtors

2024 2023
£ £
Debtors: amounts falling due within one year
Trade debtors 328,583 304,086
Deferred tax asset 2,306 2,556
Other debtors 114,464 166,333
445,353 472,975
Debtors: amounts falling due after more than one year
Amounts owed by Group undertakings 389,639 389,639

8. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 8,898 5,386
Amounts owed to Group undertakings 226,140 226,140
Taxation and social security 147,806 135,132
Other creditors 1,493,239 1,499,211
1,876,083 1,865,869

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

9. Events after the Balance Sheet date

On 27 September 2024, the company completed the sale of Forest Medical centre. The property, previously recorded as stock with a carrying value of £690,000, was sold for a total consideration of £1,500,000. This transaction occurred after the reporting date and does not impact the financial position as of 31 July 2024.

10. Reserves

Fair Value Reserve

2024
£
At 31st July 2023 645,152
Deferred Tax Movement (93,865)
551,287