| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1ST JANUARY 2024 TO 31ST MARCH 2025 |
| FOR |
| MINNOVATION LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1ST JANUARY 2024 TO 31ST MARCH 2025 |
| FOR |
| MINNOVATION LIMITED |
| MINNOVATION LIMITED (REGISTERED NUMBER: 01226873) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1ST JANUARY 2024 TO 31ST MARCH 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| MINNOVATION LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 1ST JANUARY 2024 TO 31ST MARCH 2025 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 12 Victoria Road |
| Barnsley |
| South Yorkshire |
| S70 2BB |
| BANKERS: |
| 26 Market Hill |
| Barnsley |
| South Yorkshire |
| S70 2QE |
| SOLICITORS: |
| 32 Church Street |
| Barnsley |
| South Yorkshire |
| S70 2AP |
| MINNOVATION LIMITED (REGISTERED NUMBER: 01226873) |
| BALANCE SHEET |
| 31ST MARCH 2025 |
| 2025 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Investments | 8 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Capital redemption reserve | 11 |
| Other reserves | 11 |
| Retained earnings | 11 |
| SHAREHOLDERS' FUNDS |
| MINNOVATION LIMITED (REGISTERED NUMBER: 01226873) |
| BALANCE SHEET - continued |
| 31ST MARCH 2025 |
| 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 were approved by the director and authorised for issue on |
| MINNOVATION LIMITED (REGISTERED NUMBER: 01226873) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1ST JANUARY 2024 TO 31ST MARCH 2025 |
| 1. | STATUTORY INFORMATION |
| Minnovation Limited is a |
| The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Significant judgements and estimates |
| No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements. |
| There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year. |
| Turnover |
| Turnover is recognised to the extent that the company has obtained the right to consideration through the performance of it's contractual obligations. Where the substance is that the company's contractual obligations are performed over time, turnover is recognised as contract activity progresses to reflect the company's partial performance of its contractual obligations. The amount recognised represents the right to consideration by reference to the value of work performed. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures, fittings and office equipment | - |
| Motor vehicles | - |
| Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended. |
| MINNOVATION LIMITED (REGISTERED NUMBER: 01226873) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1ST JANUARY 2024 TO 31ST MARCH 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Stocks & work in progress |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition. |
| Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress. |
| 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating profit. |
| MINNOVATION LIMITED (REGISTERED NUMBER: 01226873) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1ST JANUARY 2024 TO 31ST MARCH 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
| 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 the profit or loss if the shares are publicly traded or their fair value can otherwise by measured reliably. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate. |
| Furlough and grant receipts |
| Grants which are received for compensation for expenses or losses which have already been incurred are recognisable in income when the grant is received or receivable. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| MINNOVATION LIMITED (REGISTERED NUMBER: 01226873) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1ST JANUARY 2024 TO 31ST MARCH 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures, |
| fittings |
| and |
| Plant and | office | Motor |
| machinery | equipment | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st January 2024 |
| Additions |
| At 31st March 2025 |
| DEPRECIATION |
| At 1st January 2024 |
| Charge for period |
| At 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st December 2023 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1st January 2024 |
| and 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st December 2023 |
| MINNOVATION LIMITED (REGISTERED NUMBER: 01226873) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1ST JANUARY 2024 TO 31ST MARCH 2025 |
| 6. | STOCKS |
| 2025 | 2023 |
| £ | £ |
| Work-in-progress |
| Finished goods |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2023 |
| £ | £ |
| Trade debtors |
| Amounts owed by associates |
| Other debtors |
| Directors' current accounts | 32 | 3,346 |
| VAT |
| Prepayments and accrued income |
| 8. | FINANCIAL ASSETS |
| 2025 | 2023 |
| £ | £ |
| Listed investments | 921,508 | 761,328 |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2023 |
| £ | £ |
| Trade creditors |
| Social security and other taxes |
| Other creditors |
| Accruals and deferred income |
| MINNOVATION LIMITED (REGISTERED NUMBER: 01226873) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1ST JANUARY 2024 TO 31ST MARCH 2025 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2023 |
| value: | £ | £ |
| Ordinary | £1 | 9,200 | 9,200 |
| 11. | RESERVES |
| Capital |
| Retained | redemption | Other |
| earnings | reserve | reserves | Totals |
| £ | £ | £ | £ |
| At 1st January 2024 | 1,277,948 |
| Profit for the period |
| At 31st March 2025 | 1,587,851 |