Mandaco 516 Limited - Accounts to registrar - small 17.1

Mandaco 516 Limited - Accounts to registrar - small 17.1

MANDACO 516 LIMITED - Company Information

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REGISTERED NUMBER: 06235312 (England and Wales)















Unaudited Financial Statements

for the Period 1 May 2015 to 31 July 2016

for

Mandaco 516 Limited

Mandaco 516 Limited (Registered number: 06235312)






Contents of the Financial Statements
for the Period 1 May 2015 to 31 July 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mandaco 516 Limited

Company Information
for the Period 1 May 2015 to 31 July 2016







DIRECTORS: C Bishop
J H MacLeod





REGISTERED OFFICE: Unit 1 Matrix Park
Talbot Road
Segensworth
Fareham
Hampshire
PO15 5AP





REGISTERED NUMBER: 06235312 (England and Wales)





ACCOUNTANTS: Roches Chartered Accountants
1 Manor Court
6 Barnes Wallis Road
Segensworth
Fareham
Hampshire
PO15 5TH
Page 1
Mandaco 516 Limited (Registered number: 06235312)

Balance Sheet
31 July 2016

31.7.16 30.4.15
Notes £    £    £    £   
FIXED ASSETS
Investments 3 750,000 1,200,000

CURRENT ASSETS
Cash in hand 200 200

CREDITORS
Amounts falling due within one year 4 464,354 -
NET CURRENT (LIABILITIES)/ASSETS (464,154 ) 200
TOTAL ASSETS LESS CURRENT
LIABILITIES
285,846
1,200,200

CREDITORS
Amounts falling due after more than one
year
5
270,000
1,200,000
NET ASSETS 15,846 200

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 15,646 -
SHAREHOLDERS' FUNDS 15,846 200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 25 April 2017 and were signed on its behalf by:



J H MacLeod - Director


The notes form part of these financial statements

Page 2
Mandaco 516 Limited (Registered number: 06235312)

Notes to the Financial Statements
for the Period 1 May 2015 to 31 July 2016

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

Preparation of consolidated financial statements
The financial statements contain information about Mandaco 516 Limited as an individual company and do not
contain consolidated financial information as the parent of a group. The company has taken the option under
Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

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.


3. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 May 2015 1,200,000
Revaluations (450,000 )
At 31 July 2016 750,000
NET BOOK VALUE
At 31 July 2016 750,000
At 30 April 2015 1,200,000

Cost or valuation at 31 July 2016 is represented by:

Shares in
group
undertakings
£   
Valuation in 2016 (450,000 )
Cost 1,200,000
750,000

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.16 30.4.15
£    £   
Amounts owed to group undertakings 464,354 -

Page 3 continued...
Mandaco 516 Limited (Registered number: 06235312)

Notes to the Financial Statements - continued
for the Period 1 May 2015 to 31 July 2016

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.16 30.4.15
£    £   
Other creditors 270,000 1,200,000

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 137,872 -

6. OTHER FINANCIAL COMMITMENTS

Wirefield Ltd is a subsidiary of Mandaco 516 Ltd.

Mandaco 516 Limited has agreed to guarantee the obligations of Wirefield Limited in relation to all amounts due
& payable by them to Thincats Loan Syndicates Limited.

Thincats Loan Syndicates Limited holds a fixed and floating charge which covers all the property or undertaking
of the company, in respect of all of the obligations of Mandaco 516 Ltd to them.

7. FIRST YEAR ADOPTION

The company qualifies as small and is required to adopt Financial Reporting Standard 102 "The Financial
Reporting Standard applicable in the UK and Republic of Ireland" (FRS102) Section 1A for accounting periods
beginning on or after 1st January 2016.

However, it has chosen to early-adopt the provisions and so the company's date of transition to FRS 102 is the
1st May 2014. The adoption of FRS 102 Section 1A has seen no effect on the comparative figures reported for
the company. There have been no changes to accounting policies as a result of the transition to FRS 102 Section
1A.


Page 4