| Minster Services Retail Park Limited |
| Registered number: |
14421881 |
| Balance Sheet |
| as at 31 October 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
935,930 |
|
|
938,674 |
|
| Current assets |
| Debtors |
4 |
|
121 |
|
|
407 |
| Cash at bank and in hand |
|
|
32 |
|
|
3 |
|
|
|
153 |
|
|
410 |
|
| Creditors: amounts falling due within one year |
5 |
|
(318,886) |
|
|
(130,080) |
|
| Net current liabilities |
|
|
|
(318,733) |
|
|
(129,670) |
|
| Total assets less current liabilities |
|
|
|
617,197 |
|
|
809,004 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(698,113) |
|
|
(857,936) |
|
|
|
| Net liabilities |
|
|
|
(80,916) |
|
|
(48,932) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(81,016) |
|
|
(49,032) |
|
| Shareholder's funds |
|
|
|
(80,916) |
|
|
(48,932) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Ms H M Evans |
| Director |
| Approved by the board on 21 July 2026 |
|
| Minster Services Retail Park Limited |
| Notes to the Accounts |
| for the year ended 31 October 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
1% reducing balance method |
|
Plant and machinery |
25% reducing balance method |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 November 2024 |
933,712 |
|
19,299 |
|
953,011 |
|
Additions |
5,375 |
|
6,286 |
|
11,661 |
|
At 31 October 2025 |
939,087 |
|
25,585 |
|
964,672 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2024 |
9,174 |
|
5,163 |
|
14,337 |
|
Charge for the year |
9,299 |
|
5,106 |
|
14,405 |
|
At 31 October 2025 |
18,473 |
|
10,269 |
|
28,742 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2025 |
920,614 |
|
15,316 |
|
935,930 |
|
At 31 October 2024 |
924,538 |
|
14,136 |
|
938,674 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2025 |
|
2024 |
| £ |
£ |
|
Historical cost |
475,000 |
|
475,000 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
475,000 |
|
475,000 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
121 |
|
- |
|
Prepayments |
- |
|
407 |
|
|
|
|
|
|
121 |
|
407 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
32,551 |
|
94,827 |
|
Taxation and social security costs |
530 |
|
(1,358) |
|
Other creditors |
249,666 |
|
11,250 |
|
Director's account |
34,889 |
|
24,161 |
|
Accruals |
1,250 |
|
1,200 |
|
|
|
|
|
|
318,886 |
|
130,080 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
192,243 |
|
229,416 |
|
Amounts owed to undertakings in which has a majority interest in the company |
|
473,742 |
|
604,762 |
|
Other creditors |
32,128 |
|
23,758 |
|
|
|
|
|
|
698,113 |
|
857,936 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
192,243 |
|
229,416 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
192,243 |
|
229,416 |
|
|
|
|
|
|
|
|
|
|
The loan has been drawn out for the construction of the three buildings which will be used as restaurants. The loan is secured on the land owned by the company and a charge has been registered at companies house. |
|
|
|
|
| 8 |
Events after the reporting date |
|
|
After the reporting date, some of the construction was still ongoing. The loan was being repaid after the accounting year end. |
|
|
| 9 |
Related party transactions |
|
|
The company Blinkbox Properties Management Ltd fully owns the shares of the company and provided the company with a loan and the balance of the loan was £473,742 (2024: £604,762) as at the year end. This loan has been provided at arm's length and interest free. There is also no fixed term agreed for the repayment of the loan between the two companies.
Ms H M Evans is the director of both companies, Blinkbox Properties Management Ltd and Minster Services Retail Park Ltd and owns the shares in Blinkbox Properties Management Ltd. |
|
|
| 10 |
Controlling party |
|
|
The director controls the company. |
|
|
| 11 |
Other information |
|
|
Minster Services Retail Park Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Blinkbox Business Centre |
|
Western Road |
|
Deal |
|
Kent |
|
CT14 6PJ |