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Registration number: 06586447

Minear Engineering Holding Limited
Unaudited Filleted Financial Statements
for the Year Ended 28 February 2025

Minear Engineering Holding Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Minear Engineering Holding Limited

Company Information

Directors | A J Minear M Minear P B Minear

Registered office | 28 Alexandra Terrace Exmouth Devon EX8 1BD

Accountants | Thompson Jenner LLP Chartered Accountants 28 Alexandra Terrace Exmouth Devon EX8 1BD

Minear Engineering Holding Limited

(Registration number: 06586447)
Balance Sheet as at 28 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 346,832 | 356,423
Investments | 5 | 2 | 2
|  | 346,834 | 356,425
Current assets |  |  |
Debtors | 6 | 43,294 | 45,081
Cash at bank and in hand |  | 13,234 | 18,035
|  | 56,528 | 63,116
Creditors: Amounts falling due within one year | 7 | (14,417) | (137,442)
Net current assets/(liabilities) |  | 42,111 | (74,326)
Total assets less current liabilities |  | 388,945 | 282,099
Creditors: Amounts falling due after more than one year | 7 | (3,584) | (13,584)
Net assets |  | 385,361 | 268,515
Capital and reserves |  |  |
Called up share capital |  | 4 | 4
Retained earnings |  | 385,357 | 268,511
Shareholders' funds |  | 385,361 | 268,515

For the financial year ending 28 February 2025 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Minear Engineering Holding Limited

(Registration number: 06586447)
Balance Sheet as at 28 February 2025

These financial statements have been 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 27 October 2025 and signed on its behalf by:

......................................... M Minear Director

Minear Engineering Holding Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

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.

Exemption from preparing group accounts

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and buildings | 2% straight line

Minear Engineering Holding Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

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.

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Minear Engineering Holding Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 3 (2024 - 3).

4 | Tangible assets

| Land and buildings £ | Total £
Cost or valuation
At 1 March 2024 | 479,521 | 479,521
At 28 February 2025 | 479,521 | 479,521
Depreciation
At 1 March 2024 | 123,098 | 123,098
Charge for the year | 9,591 | 9,591
At 28 February 2025 | 132,689 | 132,689
Carrying amount
At 28 February 2025 | 346,832 | 346,832
At 29 February 2024 | 356,423 | 356,423

Included within the net book value of land and buildings above is £346,832 (2024 - £356,423) in respect of freehold land and buildings.

Minear Engineering Holding Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 2 | 2

Subsidiaries | £
Cost or valuation
At 1 March 2024 | 2
At 28 February 2025 | 2
Carrying amount
At 28 February 2025 | 2
At 29 February 2024 | 2

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Minear Engineering Limited | 28 Alexandra Terrace, Exmouth, Devon. EX8 1BD | Ordinary shares | 100% | 100%
| England & Wales |  |  |

Subsidiary undertakings
Minear Engineering Limited The principal activity of Minear Engineering Limited is the provision of metal work engineering services.

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 13,200 | 2,000
Other debtors | 30,094 | 43,081
Total current trade and other debtors | 43,294 | 45,081

Minear Engineering Holding Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

7 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 10,000 | 10,000
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 9 | 4,417 | 127,417
Taxation and social security |  | - | 25
|  | 14,417 | 137,442

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 3,584 | 13,584

Minear Engineering Holding Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

8 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 10,000 | 10,000

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 3,584 | 13,584

9 | Related party transactions

2025 | At 1 March 2024 £ | Advances to director £ | Repayments by director £ | At 28 February 2025 £
M Minear
Interest fee loan | 43,080 | 44,420 | (58,020) | 29,480

2024 | At 1 March 2023 £ | Advances to director £ | Repayments by director £ | At 29 February 2024 £
M Minear
Interest fee loan | 40,980 | 49,100 | (47,000) | 43,080

10 | Parent and ultimate parent undertaking

The ultimate controlling party are the directors who own 100% of the share capital.