Mandarina Investments Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 05069212 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

MANDARINA INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr G Economou

Mrs H Economou

SECRETARY:

Jordan Cosec Limited

REGISTERED OFFICE:

First Floor Templeback

10 Temple Back

Bristol

BS1 6FL

REGISTERED NUMBER:

05069212 (England and Wales)

ACCOUNTANTS:

Jordans Accounting Services

First Floor, Templeback

10 Temple back

Bristol

BS1 6FL

FIXED ASSETS

Tangible assets

3

210,680

222,615

Investments

4

909

909

211,589

223,524

CURRENT ASSETS

Debtors

5

389

2,912

CREDITORS

Amounts falling due within one year

6

(445,171

)

(445,263

)

NET CURRENT LIABILITIES

(444,782

)

(442,351

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(233,193

)

(218,827

)

CAPITAL AND RESERVES

Called up share capital

7

1,485

1,485

Retained earnings

8

(234,678

)

(220,312

)

SHAREHOLDERS' FUNDS

(233,193

)

(218,827

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 20 December 2017 and were signed on its behalf by:

Mr G Economou - Director

1.	STATUTORY INFORMATION

Mandarina Investments 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.

The presentation currency of the financial statements is the Euro (€).

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.

Tangible fixed assets

Tangible fixed assets consist of two apartments. The freehold properties are depreciated over 20 years.

Investments

Other investments are stated at cost, less any provision for impairment.

Financial instruments

The entity's financial instruments include basic financial instruments and consist of other debtors and trade and other

creditors. Other debtors are recognised initially at transaction price less attributable transaction costs. Subsequent to initial

recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of

trade debtors. Other creditors are also recognised initially at transaction price plus attributable transaction costs.

3.	TANGIBLE FIXED ASSETS

Freehold

property

€

COST

At 1 April 2016

and 31 March 2017

398,700

DEPRECIATION

At 1 April 2016

176,085

Charge for year

11,935

At 31 March 2017

188,020

NET BOOK VALUE

At 31 March 2017

210,680

At 31 March 2016

222,615

4.	FIXED ASSET INVESTMENTS

Other

investments

€

COST

At 1 April 2016

and 31 March 2017

909

NET BOOK VALUE

At 31 March 2017

909

At 31 March 2016

909

The company's investments at the Balance Sheet date includes 0.50% holding of ordinary share capital in Lexfinance E.P.E.,

a company incorporated in Greece.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/17

31/3/16

as restated

€

€

Issued share capital not paid

-

1,485

Prepayments

389

1,427

389

2,912

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/17

31/3/16

as restated

€

€

Trade creditors

389

425

Amount owed to shareholders

443,722

443,928

Accrued expenses

1,060

910

445,171

445,263

The amount owed to the shareholder is unsecured, interest free and repayable on demand.

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31/3/17

31/3/16

value:

as restated

€

€

1,000

Ordinary

£1

1,485

1,485

8.

RESERVES

Retained

earnings

€

At 1 April 2016

(220,312

)

Deficit for the year

(14,366

)

At 31 March 2017

(234,678

)