Company registration number 12268873 (England and Wales)
Mynt Holdings Ltd
Unaudited Financial Statements
For the year ended 31 March 2025
Mynt Holdings Ltd
Contents
Page
Statement of financial position
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 7
Mynt Holdings Ltd
Statement of financial position
As at 31 March 2025
- 1 -
2025
2024
Notes
$
$
$
$
Fixed assets
Intangible assets
-
0
-
0
Investments
4
25,822,573
25,822,573
Current assets
Debtors
5
-
0
9,380,631
Cash at bank and in hand
3,482,964
3,263,699
3,482,964
12,644,330
Creditors: amounts falling due within one year
6
(9,466,804)
(19,649,638)
Net current liabilities
(5,983,840)
(7,005,308)
Total assets less current liabilities
19,838,733
18,817,265
Creditors: amounts falling due after more than one year
7
(5,752,625)
(5,729,461)
Net assets
14,086,108
13,087,804
Capital and reserves
Called up share capital
1
1
Revaluation reserve
1,354,802
728,112
Other reserves
(78,595)
(338,578)
Profit and loss reserves
12,809,900
12,698,269
Total equity
14,086,108
13,087,804
Mynt Holdings Ltd
Statement of financial position (continued)
As at 31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 2 March 2026
Mr S Myneni
Director
Company registration number 12268873 (England and Wales)
Mynt Holdings Ltd
Statement of changes in equity
For the year ended 31 March 2025
- 3 -
Share capital
Revaluation reserve
Currency translation reserve
Profit and loss reserves
Total
$
$
$
$
$
Year ended 31 March 2024:
Profit
-
-
-
137,694
137,694
Other comprehensive income:
Adjustments to fair value of financial assets
-
(1,427,269)
-
-
(1,427,269)
Total comprehensive income
-
(1,427,269)
-
137,694
(1,289,575)
Balance at 31 March 2024
1
728,112
(338,578)
12,698,269
13,087,804
Year ended 31 March 2025:
Profit
-
-
-
111,631
111,631
Other comprehensive income:
Currency translation differences
-
-
259,983
-
0
259,983
Adjustments to fair value of financial assets
-
626,690
-
-
626,690
Total comprehensive income
-
626,690
259,983
111,631
998,304
Balance at 31 March 2025
1
1,354,802
(78,595)
12,809,900
14,086,108
Mynt Holdings Ltd
Notes to the financial statements
For the year ended 31 March 2025
- 4 -
1
Accounting policies
Company information

Mynt Holdings Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 4 Bond Terrace, Wakefield, West Yorkshire, England, WF1 2HW.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 prepared in dollars, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest $.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Mynt Holdings Ltd
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
- 5 -
1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Mynt Holdings Ltd
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
4
Fixed asset investments
2025
2024
$
$
Shares in group undertakings and participating interests
25,822,573
25,822,573
Mynt Holdings Ltd
Notes to the financial statements (continued)
For the year ended 31 March 2025
- 7 -
5
Debtors
2025
2024
Amounts falling due within one year:
$
$
Other debtors
-
0
9,380,631
6
Creditors: amounts falling due within one year
2025
2024
$
$
Amounts owed to group undertakings and undertakings in which the company has a participating interest
2,460,235
13,382,608
Corporation tax
37,210
45,898
Other creditors
6,969,359
6,221,132
9,466,804
19,649,638
7
Creditors: amounts falling due after more than one year
2025
2024
$
$
Amounts owed to group undertakings
5,752,625
5,729,461

The creditors due in more than 1 year relate to a loan provided to the company, in accordance with FRS102 this is included at fair value calculated using discounted cash flows.

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