Minds On Fire Ltd Filleted Accounts Cover
Minds On Fire Ltd
Company No. 07734354
Information for Filing with The Registrar
31 October 2025
Minds On Fire Ltd Balance Sheet Registrar
at
31 October 2025
Company No.
07734354
Notes
2025
2024
£
£
Fixed assets
Intangible assets
4
2,750,0002,750,000
Tangible assets
5
203271
2,750,2032,750,271
Current assets
Debtors
6
466,926491,408
Cash at bank and in hand
28,90577,797
495,831569,205
Creditors: Amount falling due within one year
7
(123,654)
(173,485)
Net current assets
372,177395,720
Total assets less current liabilities
3,122,3803,145,991
Net assets
3,122,3803,145,991
Capital and reserves
Called up share capital
5050
Revaluation reserve
8
2,750,0002,750,000
Profit and loss account
8
372,330395,941
Total equity
3,122,3803,145,991
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 October 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 October 2025
And signed on its behalf by:
S.D. Harris
Director
31 October 2025
Minds On Fire Ltd Notes to the Accounts Registrar
for the year ended 31 October 2025
1
General information
Its registered number is: 07734354
Its registered office is:
105 Blundell Street
Unit 2
Acorn Production Centre
London
N7 9BN
The functional and presentational currency of the company is Sterling . The monetary amounts in the accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.
2
Accounting policies
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
25% Reducing Balance
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic financial instruments measured at fair value.
Foreign currencies
The functional and presentational currency of the company is Sterling . The monetary amounts in the accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
3
Employees
2025
2024
Number
Number
The average monthly number of employees (including directors) during the year was:
33
4
Intangible fixed assets
Goodwill
Total
£
£
Cost
At 1 November 2024
2,750,0002,750,000
At 31 October 2025
2,750,0002,750,000
Amortisation and impairment
Net book values
At 31 October 2025
2,750,0002,750,000
At 31 October 2024
2,750,0002,750,000
5
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 November 2024
2,7082,708
At 31 October 2025
2,7082,708
Depreciation
At 1 November 2024
2,4372,437
Charge for the year
6868
At 31 October 2025
2,5052,505
Net book values
At 31 October 2025
203203
At 31 October 2024
271271
6
Debtors
2025
2024
£
£
Trade debtors
6,6829,941
Other debtors
101,420121,708
Prepayments and accrued income
358,824359,759
466,926491,408
7
Creditors amounts falling due within one year:
2025
2024
£
£
Trade creditors
59,29567,202
Corporation tax
5,56376,290
Other taxes and social security
22,83610,474
Accruals and deferred income
35,96019,519
123,654173,485
8
Reserves
Revaluation Reserve
Total other reserves
£
£
Movement on revaluation reserve
2,750,000
2,750,000
At 31 October 2024 and 1 November 2024
2,750,000
2,750,000
At 31 October 2025
2,750,0002,750,000
Revaluation reserve - reflects the revaluation of property other than investment properties.
Profit and loss account - includes all current and prior period retained profits and losses.
9
Dividends
2025
2024
£
£
Dividends for the period:
Dividends paid in the period
114,000
135,000
114,000
135,000
Dividends by type:
Equity dividends
114,000135,000
114,000
135,000
10
Related party disclosures
At the balance sheet date £Nil was owed to the director by the company.
Controlling party
Immediate controlling party
No single party controls the company
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