Registration number: 02888729

Minety Limited

Statement of Financial Position as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	593	788
Investments	5	100	100
		693	888
Current assets
Debtors	6	50,355	50,355
Cash at bank and in hand		7,095	5,748
		57,450	56,103
Creditors: Amounts falling due within one year	7	(3,999)	(3,558)
Net current assets		53,451	52,545
Total assets less current liabilities		54,144	53,433
Creditors: Amounts falling due after more than one year	7	(8,000)	(8,000)
Net assets		46,144	45,433
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		45,144	44,433
Shareholders' funds		46,144	45,433

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 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.

Minety Limited

Statement of Financial Position as at 31 January 2026

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

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

M J Bowles

Director

Company registration number: 02888729

Minety Limited

Notes to the 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, unless otherwise stated.

Going concern

The company made a profit for the year ended 31 January 2026 and had net assets at that date amounting to £46,144, including cash at bank of £7,095.

The company continues to trade profitably with rental income received as due.

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.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in section 399 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

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 stated net of VAT, rebates and discounts.

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

Minety Limited

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

Tangible assets

Tangible assets are stated in the statement of financial position 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.

Operating leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease. Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

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
Plant and Machinery	25% Straight Line
Leasehold Improvements	10% Straight Line
Furniture, fittings and equipment	25-50% Straight Line & 25% Reducing Balance

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

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.

Borrowings

Borrowings are recognised initially at fair value, net of transaction costs incurred.

Borrowings which are due to be settled within twelve months after the balance sheet date are included in current borrowings in the balance sheet even though the original term was for a period longer than twelve months and an agreement to refinance, or to reschedule payments, on a long-term basis is completed after the balance sheet date and before the financial statements are authorised for issue. Other borrowings due to be settled more than twelve months after the balance sheet date are included in non-current borrowings in the balance sheet.

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.

Minety Limited

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

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.

3	Staff numbers

The average number of persons employed by the company during the year was 2 (2025 - 2).

4	Tangible assets

	Leasehold Improvements £	Furniture, fittings and equipment  £	Plant and machinery £	Total £
Cost or valuation
At 1 February 2025	35,612	13,871	5,624	55,107
At 31 January 2026	35,612	13,871	5,624	55,107
Depreciation
At 1 February 2025	35,610	13,089	5,620	54,319
Charge for the year	-	195	-	195
At 31 January 2026	35,610	13,284	5,620	54,514
Carrying amount
At 31 January 2026	2	587	4	593
At 31 January 2025	2	782	4	788

Minety Limited

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

5	Investments

	2026 £	2025 £
Investments in subsidiaries	100	100