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Abbreviated Unaudited Accounts for the Year Ended 31 December 2014 |
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MINSTER ENTERPRISES LTD |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 31 December 2014 |
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for |
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MINSTER ENTERPRISES LTD |
MINSTER ENTERPRISES LTD (REGISTERED NUMBER: 02103593) |
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Contents of the Abbreviated Accounts |
for the year ended 31 December 2014 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
MINSTER ENTERPRISES LTD |
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Company Information |
for the year ended 31 December 2014 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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MINSTER ENTERPRISES LTD (REGISTERED NUMBER: 02103593) |
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Abbreviated Balance Sheet |
31 December 2014 |
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2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investments | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Prepayments and accrued income |
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Cash at bank |
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CREDITORS |
Amounts falling due within one
year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and
387 of the Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
MINSTER ENTERPRISES LTD (REGISTERED NUMBER: 02103593) |
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Abbreviated Balance Sheet - continued |
31 December 2014 |
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The financial statements were approved by the Board of Directors on
were signed on its behalf by: |
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MINSTER ENTERPRISES LTD (REGISTERED NUMBER: 02103593) |
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Notes to the Abbreviated Accounts |
for the year ended 31 December 2014 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in |
accordance with the Financial Reporting Standard for Smaller Entities (effective April |
2008). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Property improvements | - |
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Plant and machinery | - |
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Horseboxes and tractors | - |
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Motor vehicles | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due |
allowance for obsolete and slow moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but |
not reversed at the balance sheet date. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to |
the company's pension scheme are charged to the profit and loss account in the period to |
which they relate. |
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Fixed assets investments are stated at cost less provision for permanent diminution in |
value. Bloodstock is valued at cost or director's valuation if lower. The cost of nomination |
fees is written off in the profit and loss account in the year in which they are incurred, |
and subsequently reflected in the value of foals when they are born. Current asset |
investments are at the lower of cost and net realisable value. |
MINSTER ENTERPRISES LTD (REGISTERED NUMBER: 02103593) |
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Notes to the Abbreviated Accounts - continued |
for the year ended 31 December 2014 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2014 |
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Additions |
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Disposals | ( |
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At 31 December 2014 |
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DEPRECIATION |
At 1 January 2014 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 December 2014 |
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NET BOOK VALUE |
At 31 December 2014 |
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At 31 December 2013 |
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3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
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COST |
At 1 January 2014 |
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Additions |
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Disposals | ( |
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Reclassification/transfer | (34,517 | ) |
At 31 December 2014 | 1,114,578 |
PROVISIONS |
At 1 January 2014 |
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Charge for year | ( |
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Reclassification | (34,517 | ) |
At 31 December 2014 | 452,399 |
NET BOOK VALUE |
At 31 December 2014 | 662,179 |
At 31 December 2013 | 498,006 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
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Ordinary | 1 |
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MINSTER ENTERPRISES LTD (REGISTERED NUMBER: 02103593) |
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Notes to the Abbreviated Accounts - continued |
for the year ended 31 December 2014 |
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5. | RELATED PARTY DISCLOSURES |
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The company has rent free use of property and land known as Minster Stud, which is |
owned by the directors of the company. |
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6. | ULTIMATE CONTROLLING PARTY |
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The company is controlled by its directors, who are also the sole shareholders. |