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Company No: 14309268 (England and Wales)

MINNADHU INVESTMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

MINNADHU INVESTMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

MINNADHU INVESTMENTS LIMITED

BALANCE SHEET

As at 30 November 2024
MINNADHU INVESTMENTS LIMITED

BALANCE SHEET (continued)

As at 30 November 2024
Note 30.11.2024 30.11.2023
£ £
Fixed assets
Investments 3 214,377 267,035
214,377 267,035
Current assets
Debtors 4 123 89
Cash at bank and in hand 52,655 26,365
52,778 26,454
Creditors: amounts falling due within one year 5 ( 224,287) ( 292,653)
Net current liabilities (171,509) (266,199)
Total assets less current liabilities 42,868 836
Provision for liabilities ( 9,400) 0
Net assets 33,468 836
Capital and reserves
Called-up share capital 6 1 1
Profit and loss account 33,467 835
Total shareholder's funds 33,468 836

For the financial year ending 30 November 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 Minnadhu Investments Limited (registered number: 14309268) were approved and authorised for issue by the Board of Directors on 29 August 2025. They were signed on its behalf by:

Mr P Bailey
Director
MINNADHU INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
MINNADHU INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 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 period, unless otherwise stated.

General information and basis of accounting

Minnadhu Investments 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 Broadwalk House Clockwise - C2:08, Southernhay West, Exeter, EX1 1TS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

Turnover

The realised profit or loss upon the sale of investments is recognised in the profit and loss account in the period in which the sale occurs.

Interest income

Interest income is recognised over time based on the amount outstanding and the effective interest rate.

Dividend income

Dividend income is recognised when the company's right to receive payment has been established.

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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Reserves

Included within the company's profit and loss account are non-distributable reserves which comprise of unrealised gains and losses on financial instruments held at fair value, together with any deferred tax provided on these unrealised amounts. At 30 November 2024, the total amount included in the profit and loss account which was non-distributable equalled £28,073 (2023: £3,797).

2. Employees

Year ended
30.11.2024
Period from
22.08.2022 to
30.11.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Fixed asset investments

Listed investments Other investments Total
£ £ £
Cost or valuation before impairment
At 01 December 2023 177,348 89,687 267,035
Additions 38,133 4,400 42,533
Disposals ( 119,949) 0 ( 119,949)
Movement in fair value 13,208 11,550 24,758
At 30 November 2024 108,740 105,637 214,377
Carrying value at 30 November 2024 108,740 105,637 214,377
Carrying value at 30 November 2023 177,348 89,687 267,035

4. Debtors

30.11.2024 30.11.2023
£ £
Accrued income 72 89
Corporation tax 51 0
123 89

5. Creditors: amounts falling due within one year

30.11.2024 30.11.2023
£ £
Amounts owed to Group undertakings 216,870 289,649
Amounts owed to directors 4,400 0
Accruals 3,017 3,004
224,287 292,653

6. Called-up share capital

30.11.2024 30.11.2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

7. Related party transactions

Other related party transactions

30.11.2024 30.11.2023
£ £
Amounts owed to Group undertakings 216,870 289,649

During the current year, a loan existed between Gunwharf Holdings Limited and Minnadhu Investments Limited. The balance is repayable on demand and no interest was charged during the year. At the balance sheet date, the amount due to Gunwharf Holdings Limited was £216,870 (2023: £289,649).