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Registration number: 05742791

Minco Products Ltd
Annual Report and Unaudited Financial Statements
For The Year Ended 31 December 2024

Minco Products Ltd

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 3

Minco Products Ltd

(Registration number: 05742791)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Current assets |  |  |  |  |
Debtors | 3 |  | 1,453 |  | 1,454
Cash at bank and in hand |  |  | 28,318 |  | 28,318
|  |  | 29,771 |  | 29,772
Creditors: Amounts falling due within one year | 4 |  | (33,132) |  | (7,554)
Total assets less current liabilities |  |  | (3,361) |  | 22,218
Creditors: Amounts falling due after more than one year | 4 |  | (244,769) |  | (176,403)
Net liabilities |  |  | (248,130) |  | (154,185)
Capital and reserves |  |  |  |  |
Called up share capital |  | 6,000 |  | 6,000 |
Profit and loss account |  | (254,130) |  | (160,185) |
Total equity |  |  | (248,130) |  | (154,185)

For the financial year ending 31 December 2024 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 March 2026 and signed on its behalf by:

......................................... Mr Dana Karl Schurr Director

Minco Products Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 December 2024

1 | 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, 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.

Depreciation

Asset class | Depreciation method and rate
Office and computer equipment | 33% on cost

Share capital

Ordinary shares are classified as equity.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

Minco Products Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 December 2024

3 | Debtors

Current | 2024 £ | 2023 £
Other debtors | 1,453 | 1,454
| 1,453 | 1,454

4 | Creditors

| 2024 £ | 2023 £
Due within one year |  |
Taxation and social security | 19,282 | 3,623
Other creditors | 13,850 | 3,931
| 33,132 | 7,554
Due after one year |  |
Other financial liabilities | 244,769 | 176,403

5 | Related party transactions

Summary of transactions with parent

During the year the company made sales of £nil (2023: £26,365) to Minco Inc, its ultimate parent company. At the year end £244,769 (2023: £176,403) was owing to the parent company.