Company No: 10677897 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Robert James Stanley Burton
	Helen Ann Jones
	Dr Stephen Paul John Matthews

REGISTERED OFFICE	10 Old Burlington Street
	London
	W1S 3AG
	England
	United Kingdom

COMPANY NUMBER

10677897 (England and Wales)

	Note	2022		2021
		£		£
Fixed assets
Investments	3	4,696,032		4,081,824
		4,696,032		4,081,824
Current assets
Debtors	4	100		56,841
Cash at bank and in hand		8,207,392		8,202,487
		8,207,492		8,259,328
Creditors
Amounts falling due within one year	5	( 11,514,251)		( 11,456,125)
Net current liabilities		(3,306,759)		(3,196,797)
Total assets less current liabilities		1,389,273		885,027
Net assets		1,389,273		885,027
Capital and reserves
Called-up share capital		200,100		200,100
Profit and loss account		1,189,173		684,927
Total shareholders' funds		1,389,273		885,027

For the financial year ending 31 March 2022 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Minze Holdings Limited (registered number: 10677897) were approved and authorised for issue by the Board of Directors on 15 December 2022. They were signed on its behalf by:

Dr Stephen Paul John Matthews Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Minze Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 10 Old Burlington Street, London, W1S 3AG, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Interest income

Interest income is recognised in the profit and loss account in the period in which it is earned.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Loans and borrowings
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2022		2021
	Number		Number
Monthly average number of persons employed by the Company during the year	0		0

3. Fixed asset investments

	Other investments		Total
	£		£
Carrying value before impairment
At 01 April 2021	4,081,824		4,081,824
Movement in fair value	614,208		614,208
At 31 March 2022	4,696,032		4,696,032
Provisions for impairment
At 01 April 2021	0		0
At 31 March 2022	0		0
Carrying value at 31 March 2022	4,696,032		4,696,032
Carrying value at 31 March 2021	4,081,824		4,081,824

4. Debtors

	2022		2021
	£		£
Deferred tax asset	0		1,657
Corporation tax	0		55,084
Other debtors	100		100
	100		56,841

5. Creditors: amounts falling due within one year

	2022		2021
	£		£
Trade creditors	3,750		5,280
Taxation and social security	61,572		0
Other creditors	11,448,929		11,450,845
	11,514,251		11,456,125