Mandaco 516 Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 06235312 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2022

for

Mandaco 516 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J H MacLeod

L Chapman

Mrs K A Davis

REGISTERED OFFICE:

38 Standard Way

Fareham Industrial Estate

Fareham

Hampshire

PO16 8XG

REGISTERED NUMBER:

06235312 (England and Wales)

ACCOUNTANTS:

Roches Chartered Accountants

1 Manor Court

6 Barnes Wallis Road

Segensworth

Fareham

Hampshire

PO15 5TH

FIXED ASSETS

Investments

4

1,897,029

1,629,475

CURRENT ASSETS

Cash in hand

200

200

CREDITORS

Amounts falling due within one year

5

750,000

788,347

NET CURRENT LIABILITIES

(749,800

)

(788,147

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,147,229

841,328

CREDITORS

Amounts falling due after more than one year

6

-

35,000

NET ASSETS

1,147,229

806,328

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

1,147,029

806,128

SHAREHOLDERS' FUNDS

1,147,229

806,328

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 April 2023 and were signed on its behalf by:

J H MacLeod - Director

1.	STATUTORY INFORMATION

Mandaco 516 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries

Investments in Subsidiaries are included at fair value with changes in value recognised in the Profit & Loss account. Valuation is based upon the net asset value of the subsidiary at the holding company's year end.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties.

Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term

instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST OR VALUATION

At 1 August 2021

1,629,475

Revaluations

267,554

At 31 July 2022

1,897,029

NET BOOK VALUE

At 31 July 2022

1,897,029

At 31 July 2021

1,629,475

Cost or valuation at 31 July 2022 is represented by:

Shares in

group

undertakings

£

Valuation in 2016

(450,000

)

Valuation in 2017

322,199

Valuation in 2018

245,075

Valuation in 2019

148,390

Valuation in 2020

(92,913

)

Valuation in 2021

256,724

Valuation in 2022

267,554

Cost

1,200,000

1,897,029

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

£

Amounts owed to group undertakings

655,000

728,347

Other creditors

95,000

60,000

750,000

788,347

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.22

31.7.21

£

£

Other creditors

-

35,000