Registration number: 11789655

Minut Home Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Minut Home Limited

Company Information

Director

N Mattisson

Registered office

9th Floor 107 Cheapside London EC2V 6DN

Accountants

Ardmore Accountancy Limited Chartered Certified AccountantsSuite 2 Jupiter Business Suites 30a Packhorse Road Gerrards Cross Buckinghamshire SL9 7DA

Minut Home Limited

(Registration number: 11789655)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	8,794	10,657
Current assets
Stocks	6	5,375	31,213
Debtors	7	1,112,347	985,986
Cash at bank and in hand		67,865	114,371
		1,185,587	1,131,570
Creditors: Amounts falling due within one year	8	(781,027)	(762,390)
Net current assets		404,560	369,180
Total assets less current liabilities		413,354	379,837
Provisions for liabilities		(2,691)	(2,691)
Net assets		410,663	377,146
Capital and reserves
Called up share capital		100	100
Retained earnings		410,563	377,046
Shareholders' funds		410,663	377,146

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

Director's 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 director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 August 2026
 

N Mattisson Director

Minut Home Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

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

The address of its registered office is:
9th Floor
107 Cheapside
London
EC2V 6DN

These financial statements were authorised for issue by the director on 7 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Exchange differences are taken into account in arriving at the consolidated operating profit for the purposes of transactions with the US parent company and other overseas group companies.

Tax

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

Minut Home Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet 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.

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	3-5 years straight line basis

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity.

Minut Home Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 12 (2024 - 14).

4	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	12,710	13,824

Minut Home Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

5	Tangible assets

	Plant and machinery £	Total £
Cost or valuation
At 1 January 2025	53,050	53,050
Additions	11,266	11,266
Disposals	(1,161)	(1,161)
At 31 December 2025	63,155	63,155
Depreciation
At 1 January 2025	42,393	42,393
Charge for the year	12,710	12,710
Eliminated on disposal	(742)	(742)
At 31 December 2025	54,361	54,361
Carrying amount
At 31 December 2025	8,794	8,794
At 31 December 2024	10,657	10,657

6

Stocks

	2025 £	2024 £
Other inventories	5,375	31,213

7

Debtors

Current	Note	2025 £	2024 £
Trade debtors		7,099	3,551
Amounts owed by group undertakings	10	1,078,274	947,383
Prepayments		6,804	19,476
Other debtors		20,170	15,576
		1,112,347	985,986

Minut Home Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		4,134	10,616
Amounts owed to group undertakings	10	449,802	403,980
Taxation and social security		62,381	69,283
Accruals and deferred income		255,104	268,412
Other creditors		9,606	10,099
		781,027	762,390

9	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	69,126	21,095
Later than one year and not later than five years	40,078	6,622
	109,204	27,717

The amount of non-cancellable operating lease payments recognised as an expense during the year was £76,832 (2024 - £57,338).

10	Related party transactions

Summary of transactions with parent

During the year the company provided financial support to the parent company, Minut Inc. At the balance sheet date, Minut Inc owed the company £1,078,274 (2024: £947,383). This loan is interest free and repayable on demand.

During the year the company made sales to Minut Inc of £1,344,605 (2024: £1,682,799).

Summary of transactions with other related parties

During the year financial support was provided to the company by Minut AB of Baltzarsgatan 23, 21136 Malmo, Sweden, who is also under common control of the parent company,Minut Inc.At the balance sheet date the company owed Minut AB £449,802 (2024: £403,980). This loan is interest free and repayable on demand.

During the year the company made purchases from Minut AB of £46,985 (2024: £122,549).

Minut Home Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

11	Parent and ultimate parent undertaking

The company's immediate parent is Minut Inc, incorporated in USA.

  These financial statements are available upon request from 440 N Barranca Ave, 8080 Covina, CA 91723, USA