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REGISTERED NUMBER: 01901314 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

MENDIS ASSOCIATES LIMITED

MENDIS ASSOCIATES LIMITED (REGISTERED NUMBER: 01901314)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MENDIS ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: G Mendis
A S Mendis





REGISTERED OFFICE: The Commercial Centre
6 Green End
Comberton
Cambridge
CB23 7DY





REGISTERED NUMBER: 01901314 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

MENDIS ASSOCIATES LIMITED (REGISTERED NUMBER: 01901314)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 1,136 1,420

CURRENT ASSETS
Debtors 6 - 266,503
Cash at bank 419,924 151,769
419,924 418,272
CREDITORS
Amounts falling due within one year 7 (1,314 ) (1,000 )
NET CURRENT ASSETS 418,610 417,272
TOTAL ASSETS LESS CURRENT LIABILITIES 419,746 418,692

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 418,746 417,692
SHAREHOLDERS' FUNDS 419,746 418,692

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

MENDIS ASSOCIATES LIMITED (REGISTERED NUMBER: 01901314)

BALANCE SHEET - continued
31 MARCH 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:





G Mendis - Director


MENDIS ASSOCIATES LIMITED (REGISTERED NUMBER: 01901314)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Mendis Associates 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 Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Investment property furniture - 25% on cost

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

MENDIS ASSOCIATES LIMITED (REGISTERED NUMBER: 01901314)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS
Investment
property Computer
furniture equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 7,745 1,638 9,383
DEPRECIATION
At 1 April 2022 7,745 218 7,963
Charge for year - 284 284
At 31 March 2023 7,745 502 8,247
NET BOOK VALUE
At 31 March 2023 - 1,136 1,136
At 31 March 2022 - 1,420 1,420

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Director's loan account - 266,503

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 314 -
Other creditors 1,000 1,000
1,314 1,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

MENDIS ASSOCIATES LIMITED (REGISTERED NUMBER: 01901314)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
A S Mendis and G Mendis
Balance outstanding at start of year 266,503 -
Amounts advanced - 266,503
Amounts repaid (266,503 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 266,503