Company No: 11266496 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Elizabeth Jane Huggins
	James Edward Huggins
	Michael Philip Outlaw

SECRETARY

Alison Outlaw

REGISTERED OFFICE	1 Fore Street Avenue
	C/O Praxis
	London
	EC2Y 9DT
	United Kingdom

COMPANY NUMBER

11266496 (England and Wales)

ACCOUNTANT	Praxis
	1 Fore Street Avenue
	London
	EC2Y 9DT
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	20,836		44,121
Tangible assets	4	706		0
		21,542		44,121
Current assets
Stocks	5	21,556		3,352
Debtors	6	21,770		49,858
Cash at bank and in hand		60,148		33,485
		103,474		86,695
Creditors: amounts falling due within one year	7	( 115,159)		( 98,544)
Net current liabilities		(11,685)		(11,849)
Total assets less current liabilities		9,857		32,272
Creditors: amounts falling due after more than one year	8	( 9,828)		( 32,081)
Net assets		29		191
Capital and reserves
Called-up share capital	9	7		7
Capital redemption reserve		3		3
Profit and loss account		19		181
Total shareholders' funds		29		191

For the financial year ending 31 August 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Minnow Technology Limited (registered number: 11266496) were approved and authorised for issue by the Board of Directors on 13 April 2026. They were signed on its behalf by:

Elizabeth Jane Huggins Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Minnow Technology Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 Fore Street Avenue, C/O Praxis, London, EC2Y 9DT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments 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. Amounts 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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		1

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 September 2024	118,881		118,881
At 31 August 2025	118,881		118,881
Accumulated amortisation
At 01 September 2024	74,760		74,760
Charge for the financial year	23,285		23,285
At 31 August 2025	98,045		98,045
Net book value
At 31 August 2025	20,836		20,836
At 31 August 2024	44,121		44,121

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 September 2024	1,797		1,797
Additions	941		941
Disposals	( 1,797)		( 1,797)
At 31 August 2025	941		941
Accumulated depreciation
At 01 September 2024	1,797		1,797
Charge for the financial year	235		235
Disposals	( 1,797)		( 1,797)
At 31 August 2025	235		235
Net book value
At 31 August 2025	706		706
At 31 August 2024	0		0

5. Stocks

	2025		2024
	£		£
Finished goods	21,556		3,352

6. Debtors

	2025		2024
	£		£
Trade debtors	21,770		49,195
Other debtors	0		663
	21,770		49,858

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	10,839		10,586
Trade creditors	1,150		12,134
Taxation and social security	43,713		19,908
Other creditors	59,457		55,916
	115,159		98,544

There are no amounts included above in respect of which any security has been given by the small entity.

Included in other creditors are amounts due to the Directors totalling £1,704 (2024: £2,474). The amounts due are interest free and repayable on demand.

Included in other creditors is an amount loaned from a shareholder totalling £12,000 (2024: £9,000). The amount is interest free and repayable on demand.

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	828		11,081
Other creditors	9,000		21,000
	9,828		32,081

There are no amounts included above in respect of which any security has been given by the small entity.

Included in other creditors is an amount loaned from a shareholder totalling £9,000 (2024: £21,000). The amount is interest free and repayable on demand.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
265 Ordinary A shares of £ 0.01 each	2.65		2.65
35 Ordinary B shares of £ 0.01 each	0.35		0.35
300 Ordinary C shares of £ 0.01 each	3.00		3.00
100 Ordinary D shares of £ 0.01 each	1.00		1.00
	7.00		7.00

10. Financial commitments

The Company had no material capital commitments at the year ended 31 August 2025.

11. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial year.