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Company Registration No. 12379666 (England and Wales)
Minimum Ltd Unaudited accounts for the year ended 31 December 2025
Minimum Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Minimum Ltd Company Information for the year ended 31 December 2025
Directors
Freddie William Evans Freddie Grant Meynink Green Christopher James Winchurch
Company Number
12379666 (England and Wales)
Registered Office
Shiva Ltd The Tanneries 55 Bermondsey Street London London SE1 3XH England
- 3 -
Minimum Ltd Statement of financial position as at 31 December 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
39,427 
58,338 
Tangible assets
5
46,804 
41,890 
86,231 
100,228 
Current assets
Debtors
6
644,622 
478,267 
Cash at bank and in hand
826,999 
3,708,263 
1,471,621 
4,186,530 
Creditors: amounts falling due within one year
7
(962,314)
(427,699)
Net current assets
509,307 
3,758,831 
Net assets
595,538 
3,859,059 
Capital and reserves
Called up share capital
12,353,216 
12,353,216 
Profit and loss account
(11,757,678)
(8,494,157)
Shareholders' funds
595,538 
3,859,059 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2026 and were signed on its behalf by
Freddie Grant Meynink Green Director Company Registration No. 12379666
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Minimum Ltd Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Minimum Ltd is a private company, limited by shares, registered in England and Wales, registration number 12379666. The registered office is Shiva Ltd, The Tanneries, 55 Bermondsey Street, London, London, SE1 3XH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Break-up basis
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 (FRS 102), and the requirements of the Companies Act 2006. Following the sale of the Company’s operating assets on 20th of March 2026 and the directors’ decision that the Company will cease trading we have concluded that it is not appropriate to prepare the financial statements on a going-concern basis. The accounts are prepared on a basis other than going concern, with assets and liabilities still measured at cost. In reaching this conclusion, the directors considered all available information up to the date on which the financial statements were approved, including the sale of the Company’s assets on 20 March 2026 and the Company’s remaining obligations and activities. Events after the end of the reporting period: On 20 March 2026, after the reporting date, the Company completed the sale of its assets to Novisto. The transaction has been treated as a non-adjusting event under Section 32 of FRS 102 because it arose from conditions occurring after 31 December 2025. Accordingly, the disposal has not been recognised in these financial statements, and the relevant assets remain recognised as at 31 December 2025 in accordance with the applicable accounting policies and the basis of preparation described above. The figures are nonetheless unchanged because the assets were realised through a negotiated sale at amounts supporting their carrying values, and no obligation for winding-up costs existed at 31 December 2025. The disposal will be recognised during the year ending 31 December 2026 when the applicable derecognition requirements are satisfied.
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Minimum Ltd Notes to the Accounts for the year ended 31 December 2025
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2025
94,553 
At 31 December 2025
94,553 
Amortisation
At 1 January 2025
36,215 
Charge for the year
18,911 
At 31 December 2025
55,126 
Net book value
At 31 December 2025
39,427 
At 31 December 2024
58,338 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2025
2,909 
38,350 
73,250 
114,509 
Additions
- 
26,842 
7,652 
34,494 
At 31 December 2025
2,909 
65,192 
80,902 
149,003 
Depreciation
At 1 January 2025
2,909 
26,810 
42,900 
72,619 
Charge for the year
- 
11,726 
17,854 
29,580 
At 31 December 2025
2,909 
38,536 
60,754 
102,199 
Net book value
At 31 December 2025
- 
26,656 
20,148 
46,804 
At 31 December 2024
- 
11,540 
30,350 
41,890 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
- 
10,851 
Trade debtors
355,428 
146,325 
Amounts due from group undertakings etc.
24,141 
- 
Accrued income and prepayments
113,456 
165,163 
Other debtors
151,597 
155,928 
644,622 
478,267 
- 6 -
Minimum Ltd Notes to the Accounts for the year ended 31 December 2025
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
5,432 
- 
Trade creditors
106,583 
52,787 
Amounts owed to group undertakings and other participating interests
- 
136,648 
Taxes and social security
258,147 
104,544 
Other creditors
15,785 
- 
Loans from directors
(66,085)
(63,837)
Accruals
11,236 
8,600 
Deferred income
631,216 
188,957 
962,314 
427,699 
8
Controlling party
The company's immediate and ultimate parent undertaking is Minimum Corporation. Minimum Corporation is established under the laws of the United States of America.
9
Average number of employees
During the year the average number of employees was 30 (2024: 20).
- 7 -