1 February 2024 false Taxfiler 2024.6 09977595 business:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 09977595 2024-01-31 09977595 2024-02-01 2025-01-31 09977595 business:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 09977595 business:FilletedAccounts 2024-02-01 2025-01-31 09977595 2025-01-31 09977595 business:Director1 2024-02-01 2025-01-31 09977595 business:RegisteredOffice 2024-02-01 2025-01-31 09977595 2024-01-31 09977595 core:WithinOneYear 2025-01-31 09977595 core:WithinOneYear 2024-01-31 09977595 core:AfterOneYear 2025-01-31 09977595 core:AfterOneYear 2024-01-31 09977595 core:ShareCapital core:PreviouslyStatedAmount 2025-01-31 09977595 core:ShareCapital core:PreviouslyStatedAmount 2024-01-31 09977595 core:RevaluationReserve core:PreviouslyStatedAmount 2025-01-31 09977595 core:RevaluationReserve core:PreviouslyStatedAmount 2024-01-31 09977595 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-01-31 09977595 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-01-31 09977595 core:PreviouslyStatedAmount 2025-01-31 09977595 core:PreviouslyStatedAmount 2024-01-31 09977595 business:SmallEntities 2024-02-01 2025-01-31 09977595 countries:EnglandWales 2024-02-01 2025-01-31 09977595 core:FurnitureFittings 2024-02-01 2025-01-31 09977595 core:FurnitureFittings 2024-01-31 09977595 core:FurnitureFittings 2025-01-31 09977595 core:MoreThanFiveYears 2025-01-31 09977595 core:MoreThanFiveYears 2024-01-31 09977595 core:AfterOneYear 2024-02-01 2025-01-31 09977595 core:RevaluationInvestmentPropertyDeferredTax 2025-01-31 09977595 core:RevaluationInvestmentPropertyDeferredTax 2024-01-31 09977595 2023-01-31 09977595 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Company Registration No. 09977595 (England and Wales)
Mint Property Group Limited Unaudited accounts for the year ended 31 January 2025
Mint Property Group Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Mint Property Group Limited Company Information for the year ended 31 January 2025
Director
Richard Antony Williams
Company Number
09977595 (England and Wales)
Registered Office
57 RICHMOND WALK ST. ALBANS AL4 9BB ENGLAND
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
- 3 -
Mint Property Group Limited Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
(1)
(1)
Investment property
5
560,000
560,000
559,999
559,999
Current assets
Debtors
6
2,410
2,410
Cash at bank and in hand
665
766
3,075
3,176
Creditors: amounts falling due within one year
7
(45,907)
(62,566)
Net current liabilities
(42,832)
(59,390)
Total assets less current liabilities
517,167
500,609
Creditors: amounts falling due after more than one year
8
(291,115)
(291,115)
Provisions for liabilities
Deferred tax
9
(40,487)
(40,487)
Net assets
185,565
169,007
Capital and reserves
Called up share capital
100
100
Revaluation reserve
121,460
121,460
Profit and loss account
64,005
47,447
Shareholders' funds
185,565
169,007
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 August 2025 and were signed on its behalf by
Richard Antony Williams Director Company Registration No. 09977595
- 4 -
Mint Property Group Limited Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Mint Property Group Limited is a private company, limited by shares, registered in England and Wales, registration number 09977595. The registered office is 57 RICHMOND WALK, ST. ALBANS, AL4 9BB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% on cost
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
- 5 -
Mint Property Group Limited Notes to the Accounts for the year ended 31 January 2025
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 February 2024
2,108
At 31 January 2025
2,108
Depreciation
At 1 February 2024
2,109
At 31 January 2025
2,109
Net book value
At 31 January 2025
(1)
At 31 January 2024
(1)
5
Investment property
2025
£
Fair value at 1 February 2024
560,000
At 31 January 2025
560,000
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
2,410
2,410
7
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
3,968
1,476
Other creditors
2,410
2,410
Loans from directors
38,557
57,780
Accruals
972
900
45,907
62,566
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
291,115
291,115
Aggregate of amounts that fall due for payment after five years
291,115
291,115
Included in long term creditors are bank loans secured on investment properties. A personal guarantee has been provided.
- 6 -
Mint Property Group Limited Notes to the Accounts for the year ended 31 January 2025
9
Deferred taxation
2025
2024
£
£
Revaluation of investment property
40,487
40,487
2025
2024
£
£
Provision at start of year
40,487
37,723
Charged to the profit and loss account
-
2,764
Provision at end of year
40,487
40,487
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 7 -