Registration number: 01745792

Minety Panels Limited

Statement of Financial Position as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Investment property	4	450,000	450,000
Creditors: Amounts falling due within one year	5	(47,063)	(47,063)
Total assets less current liabilities		402,937	402,937
Provisions for liabilities		(69,768)	(69,768)
Net assets		333,169	333,169
Capital and reserves
Called up share capital		100	100
Retained earnings		333,069	333,069
Shareholders' funds		333,169	333,169

For the financial year ending 31 January 2026 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Minety Panels Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the Board on 26 May 2026 and signed on its behalf by:
 

.........................................

M J Bowles

Director

Company registration number: 01745792

Minety Panels Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	General information

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

The address of its registered office is:
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

The principal activity of the company is that of property investment.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company had net assets at 31 January 2026 of £333,169 but with net current liabilities of £47,063. At 31 January 2026 an amount of £47,063 was due to the parent undertaking who has confirmed it will not call for repayment until such time as the company has sufficient working capital to do so. The company has no fixed overheads and no significant working capital requirement.

Having made enquiries the directors have a reasonable expectation that the company has adequate resources to remain in operational existence for the foreseeable future. Accordingly, the directors continue to prepare the financial statements on the going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of rental income in the ordinary course of the company's activities.

The company recognises rental income evenly over the period of the leases.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Minety Panels Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

3	Staff numbers

The average number of persons employed by the company during the year was 0 (2025 - 0).

4	Investment properties

Fair Value	2026 £
At 1 February 2025 and 31 January 2026	450,000

The investment property has been reflected at fair value as estimated by the directors at an amount of £450,000.

5

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Amounts owed to group undertakings	47,063	47,063

6	Financial commitments, guarantees and contingencies

Operating Leases

The total amount of financial commitments not included in the statement of financial position is £1,568,479 (2025 - £1,588,229).

Minety Panels Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

7	Related party transactions

In accordance with FRS 102 paragraph 1AC.35 exemption has been taken not to disclose transactions in the year or amounts falling due between undertakings that are wholly owned within the group.

8	Profit and loss account

Included within profit and loss reserves is an amount of £284,260 (2025: £284,260) which is non-distributable.