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Registration number: SC533178

Mint HQ Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

Mint HQ Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Mint HQ Ltd

Company Information

Directors | Mrs Allison Walker Miss Charlotte Gillett

Registered office | 63 Dock Street Dundee DD1 3DU

Accountants | Mint Accounting Ltd 63 Dock Street Dundee DD1 3DU

Mint HQ Ltd

(Registration number: SC533178)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Investments | 4 | 449,901 | 449,901
Current assets |  |  |
Debtors | 5 | 84,080 | 54,590
Cash at bank and in hand |  | 222 | 100
|  | 84,302 | 54,690
Net assets |  | 534,203 | 504,591
Capital and reserves |  |  |
Called up share capital |  | 551 | 551
Other reserves |  | 449,701 | 449,701
Retained earnings |  | 83,951 | 54,339
Shareholders' funds |  | 534,203 | 504,591

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 September 2025 and signed on its behalf by:

......................................... Mrs Allison Walker Director

Mint HQ Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
63 Dock Street
Dundee
DD1 3DU

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Group accounts not prepared

The company has taken advantage of the exemption granted by FRS102 from the requirement to disclose transactions with companies which are wholly owned by a common parent undertaking..

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Mint HQ Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

Mint HQ Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4 | Investments

| 2024 £ | 2023 £
Investments in subsidiaries | 449,901 | 449,901

Subsidiaries | £
Cost or valuation
At 1 January 2024 | 449,901
Provision
Carrying amount
At 31 December 2024 | 449,901
At 31 December 2023 | 449,901

5 | Debtors

| Note | 2024 £ | 2023 £
Amounts owed by related parties | 6 | - | 35,607
Other debtors |  | 84,080 | 18,983
|  | 84,080 | 54,590

Mint HQ Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6 | Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2024 £ | 2023 £
Remuneration | 18,000 | -

Loans to related parties

2024 | Key management £ | Total £
At start of period | 18,983 | 18,983
Advanced | 92,614 | 92,614
Repaid | (27,546) | (27,546)
At end of period | 84,051 | 84,051

2023 | Key management £ | Total £
At start of period | 73,769 | 73,769
Advanced | 95,714 | 95,714
Repaid | (150,500) | (150,500)
At end of period | 18,983 | 18,983

Terms of loans to related parties

During the year the company provided the directors with an interest free loan, which is unsecured, repayable on demand, and shown under Other Debtors.

Loans from related parties

2024 | Subsidiary £ | Total £
At start of period | (35,607) | (35,607)
Advanced | 113,287 | 113,287
Repaid | (77,680) | (77,680)
At end of period | - | -

Mint HQ Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

2023 | Subsidiary £ | Total £
At start of period | (21) | (21)
Advanced | 95,714 | 95,714
Repaid | (131,300) | (131,300)
At end of period | (35,607) | (35,607)

Terms of loans from related parties

During the year the company repaid in full loans from subsidiaries.