REGISTERED NUMBER: 02018744 (England and Wales)

Minsterport Limited

Financial Statements for the Year Ended 31st December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A W Forman

C Fincher

P T Fitzgerald

P Hogan

A J Embleton

M Kiefer

B P Dell

REGISTERED OFFICE:

Melton Ross Quarries

Barnetby

North Lincolnshire

DN38 6AE

REGISTERED NUMBER:

02018744 (England and Wales)

AUDITORS:

Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Tangible assets

4

43,285

5,886

Investments

5

-

-

43,285

5,886

CURRENT ASSETS

Stocks

6

122,169

109,942

Debtors

7

403,352

360,323

Cash at bank

226,697

218,667

752,218

688,932

CREDITORS

Amounts falling due within one year

8

238,458

203,689

NET CURRENT ASSETS

513,760

485,243

TOTAL ASSETS LESS CURRENT LIABILITIES

557,045

491,129

PROVISIONS FOR LIABILITIES

10,701

1,325

NET ASSETS

546,344

489,804

CAPITAL AND RESERVES

Called up share capital

9

155

155

Share premium

34,950

34,950

Retained earnings

511,239

454,699

SHAREHOLDERS' FUNDS

546,344

489,804

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd September 2025 and were signed on its behalf by:

A W Forman - Director

A J Embleton - Director

1.	STATUTORY INFORMATION

Minsterport Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared on under the historical cost convention.

The financial statements have been prepared in pound sterling rounded to the nearest £1.

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

Going concern

After the balance sheet date but before the date on which these financial statements were approved, the Board has taken steps to hive up the trade and assets of the Company to its parent undertaking, with the intention for the Company to cease trading within the next twelve months. Whilst the Company is unlikely to remain operational beyond that period-and consequently cannot adopt the going concern basis for the preparation of its financial statements-the Directors are satisfied that the carrying values of the assets and liabilities remain appropriate, as they are all considered to be fully recoverable and payable.

Turnover

Turnover is the revenue arising from sale of goods and services. It is stated at the fair value of the consideration receivable net of intra group transactions, value added tax, rebates and discounts.

Revenue from the sale of goods is recognised when the significant risks and benefits of ownership of the product have been transferred to the buyer, which may be upon shipment, completion of the product or the product being ready for delivery, based on specific contract terms.

Revenue from the sale of subscriptions services is recognised on a straight line basis over the period of the subscription.

Tangible fixed assets

Tangible fixed assets accounted for under the historical cost method are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and Machinery - 20% to 33% Straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Taxation

Taxation for the year 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 year 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 result.

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 profit or loss in the period to which they relate.

Investments

Investments are measured at cost less impairment.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit and loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1st January 2024

39,436

Additions

38,690

At 31st December 2024

78,126

DEPRECIATION

At 1st January 2024

33,550

Charge for year

1,291

At 31st December 2024

34,841

NET BOOK VALUE

At 31st December 2024

43,285

At 31st December 2023

5,886

5.	FIXED ASSET INVESTMENTS

Unlisted investment s

£

COST

At 1st January 2024

and 31st December 2024

78,491

IMPAIRMENT

At 1st January 2024

and 31st December 2024

78,491

NET BOOK VALUE

At 31st December 2023

-

At 31st December 2024

-

6.

STOCKS

2024

2023

£

£

Stocks

122,169

109,942

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

121,217

203,522

Amounts owed by group undertakings

245,852

154,696

VAT

13,355

-

Prepayments and accrued income

22,928

2,105

403,352

360,323

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

56,076

83,639

Amounts owed to group undertakings

67,607

25,223

Social security and other taxes

2,620

2,716

VAT

-

10,109

Other creditors

6,834

3,628

Accruals and deferred income

105,321

78,374

238,458

203,689

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

155

Ordinary

£1

155

155

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jamie Chilcott ACA (Senior Statutory Auditor)

for and on behalf of Smailes Goldie

11.	CONTINGENT LIABILITIES

The company is party to a composite multilateral guarantee and debenture together with its UK parent undertakings in respect of the group borrowings which are secured, in part, by fixed and floating charges over the assets of the company. The potential liability to the company under the arrangement at 31 December 2024 was £nil.

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13.	ULTIMATE PARENT COMPANY AND ULTIMATE CONTROLLING PARTY

Singleton Birch Limited is the immediate parent company and its registered office is the same as is listed on page 1. Singleton Birch Limited is regarded as the parent undertaking of the smallest group for which group accounts are prepared and made publicly available. The ultimate parent company in the UK is Mississippi Lime UK Limited which owns 100% of the entire issued share capital of the Singleton Birch Limited. Copies of the group accounts can be obtained from Companies House.

HBM Holdings Company (incorporated in USA) is regarded by the directors as being the Company's ultimate parent holding company. Its registered office address is Suite 1050, 101 South Hanley Road, St. Louis, MO 63105, USA. The largest group in which the results of the company are consolidated is that headed by HBM Holdings Company however, these accounts are not publicly available.

There is no ultimate controlling party.