Silverfin false false 31/01/2025 01/02/2024 31/01/2025 F Marcel 21/01/2021 09 September 2025 The principal activity of the Company during the financial period was property rental. 13150181 2025-01-31 13150181 bus:Director1 2025-01-31 13150181 2024-01-31 13150181 core:CurrentFinancialInstruments 2025-01-31 13150181 core:CurrentFinancialInstruments 2024-01-31 13150181 core:Non-currentFinancialInstruments 2025-01-31 13150181 core:Non-currentFinancialInstruments 2024-01-31 13150181 core:ShareCapital 2025-01-31 13150181 core:ShareCapital 2024-01-31 13150181 core:RetainedEarningsAccumulatedLosses 2025-01-31 13150181 core:RetainedEarningsAccumulatedLosses 2024-01-31 13150181 core:OtherPropertyPlantEquipment 2024-01-31 13150181 core:OtherPropertyPlantEquipment 2025-01-31 13150181 core:ImmediateParent core:Non-currentFinancialInstruments 2025-01-31 13150181 core:ImmediateParent core:Non-currentFinancialInstruments 2024-01-31 13150181 2024-02-01 2025-01-31 13150181 bus:FilletedAccounts 2024-02-01 2025-01-31 13150181 bus:SmallEntities 2024-02-01 2025-01-31 13150181 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 13150181 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 13150181 bus:Director1 2024-02-01 2025-01-31 13150181 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-02-01 2025-01-31 13150181 2023-02-01 2024-01-31 13150181 core:OtherPropertyPlantEquipment 2024-02-01 2025-01-31 13150181 core:Non-currentFinancialInstruments 2024-02-01 2025-01-31 iso4217:GBP xbrli:pure

Company No: 13150181 (England and Wales)

# MINTS LONDON LIMITED

### Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

MINTS LONDON LIMITED

## Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

MINTS LONDON LIMITED

## BALANCE SHEET

As at 31 January 2025
MINTS LONDON LIMITED

## BALANCE SHEET (continued)

As at 31 January 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 7,830 |  | 10,430
Investment property | 4 | 1,400,495 |  | 1,400,495
|  | 1,408,325 |  | 1,410,925
Current assets |  |  |  |
Debtors | 5 | 2,250 |  | 7,053
Cash at bank and in hand |  | 31,026 |  | 15,938
|  | 33,276 |  | 22,991
Creditors: amounts falling due within one year | 6 | ( 1,491,721) |  | ( 1,339)
Net current (liabilities)/assets |  | (1,458,445) |  | 21,652
Total assets less current liabilities |  | (50,120) |  | 1,432,577
Creditors: amounts falling due after more than one year | 7 | 0 |  | ( 1,474,146)
Net liabilities |  | ( 50,120) |  | ( 41,569)
Capital and reserves |  |  |  |
Called-up share capital |  | 1,000 |  | 1,000
Profit and loss account |  | ( 51,120 ) |  | ( 42,569 )
Total shareholder's deficit |  | ( 50,120) |  | ( 41,569)

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Mints London Limited (registered number: 13150181) were approved and authorised for issue by the Director on 09 September 2025. They were signed on its behalf by:

F Marcel Director |

MINTS LONDON LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
MINTS LONDON LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025

##### 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

Mints London 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 Nexus House, 2 Cray Road, Sidcup, DA14 5DA, 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 £.

##### Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### 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 comprises the fair value of the consideration received or receivable in respect of rental income in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, rebates and discounts.
The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

##### 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. | 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.
Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

##### Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.
All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### 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.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the debtors are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### 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.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 February 2024 | 13,001 |  | 13,001
At 31 January 2025 | 13,001 |  | 13,001
Accumulated depreciation |  |  |
At 01 February 2024 | 2,571 |  | 2,571
Charge for the financial year | 2,600 |  | 2,600
At 31 January 2025 | 5,171 |  | 5,171
Net book value |  |  |
At 31 January 2025 | 7,830 |  | 7,830
At 31 January 2024 | 10,430 |  | 10,430

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 February 2024 | 1,400,495
As at 31 January 2025 | 1,400,495

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 2,250 |  | 7,053

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Other creditors | 1,491,721 |  | 1,339

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to Parent undertakings | 0 |  | 1,474,146

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

#### 8. Related party transactions

Transactions with the entity's director

| 2025 |  | 2024
| £ |  | £
Amounts due to/(from) directors | 1,489,807 |  | (4,941)

During the year, the company made advances totalling £Nil (2023 - £4,941) and received repayments totalling £4,941 (2023 - £11,941)
The above loans were unsecured, provided interest free and repayable on demand.