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REGISTERED NUMBER: 06145607 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Mnandi Limited

Mnandi Limited (Registered number: 06145607)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


Mnandi Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: W Du Toit





SECRETARY: Mrs M Du Toit





REGISTERED OFFICE: Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP





REGISTERED NUMBER: 06145607 (England and Wales)





ACCOUNTANTS: Havard & Associates
Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP

Mnandi Limited (Registered number: 06145607)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 241,952 242,152
Investments 5 823,648 823,648
1,065,600 1,065,800

CURRENT ASSETS
Debtors 6 13,380 13,676
Cash at bank 19,723 10,350
33,103 24,026
CREDITORS
Amounts falling due within one year 7 236,299 152,289
NET CURRENT LIABILITIES (203,196 ) (128,263 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

862,404

937,537

CREDITORS
Amounts falling due after more than one
year

8

(785,054

)

(856,047

)

PROVISIONS FOR LIABILITIES (29 ) (81 )
NET ASSETS 77,321 81,409

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 77,319 81,407
SHAREHOLDERS' FUNDS 77,321 81,409

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Mnandi Limited (Registered number: 06145607)

Balance Sheet - continued
28 February 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2023 and were signed by:





W Du Toit - Director


Mnandi Limited (Registered number: 06145607)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Mnandi 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following rates in order to write off each asset over its estimated useful life:

Fixtures & fittings - 20% reducing value.
Computer equipment - 33.33% straight line.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

Mnandi Limited (Registered number: 06145607)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 241,800 1,550 243,350
DEPRECIATION
At 1 March 2022 - 1,198 1,198
Charge for year - 200 200
At 28 February 2023 - 1,398 1,398
NET BOOK VALUE
At 28 February 2023 241,800 152 241,952
At 28 February 2022 241,800 352 242,152

5. FIXED ASSET INVESTMENTS

Mnandi Limited acquired the entire shareholding in The Dental Centre Cowplain Limited on 2 March 2021. The Dental Centre Cowplain Limited is a wholly owned subsidiary of Mnandi Limited.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 13,380 13,676

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 74,313 77,633
Trade creditors 1 (1 )
Taxation and social security 10,823 8,523
Other creditors 151,162 66,134
236,299 152,289

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 785,054 856,047

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
2 Ordinary £1 2 2