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MINDENHALL COURT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Mindenhall Court Ltd is a private company, limited by shares, incorporated in England and Wales, registered number 14982534. The registered office is 6th Floor, 2 London Wall Place, London, EC2Y 5AU.
The financial statement are prepared for 12 month period 1 January 2024 to 31 December 2024, whereas the comparatives are for 6 months for the period 5 July 2023 to 31 December 2023.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are presented in sterling, the functional currency, rounded to the nearest £1.
Mindenhall Court Ltd is the subsidiary company of a small group. The parent company is not required to prepare and has not prepared group accounts.
The following principal accounting policies have been applied:
At 31 December 2024, the company had total net liabilities of £2,716 (2023: £45). The financial statements have been prepared on a going concern basis as WIF Enterprise Limited, the parent entity, has confirmed thier willingness and ability to support the company for at least twelve months from the date of approval of the financial statements.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The average monthly number of employees, including directors, during the year was 1 (2023 - 1).
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