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REGISTERED NUMBER: 11695990 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2022 TO 31 AUGUST 2023

FOR

MUTANTGENESIS LTD

MUTANTGENESIS LTD (REGISTERED NUMBER: 11695990)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2022 TO 31 AUGUST 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


MUTANTGENESIS LTD

COMPANY INFORMATION
FOR THE PERIOD 1 DECEMBER 2022 TO 31 AUGUST 2023







DIRECTORS: H Fluch
Johnsons UK Management Limited





REGISTERED OFFICE: 1-2 Craven Road
London
W5 2UA





REGISTERED NUMBER: 11695990 (England and Wales)





ACCOUNTANTS: Johnsons, Chartered Accountants
1-2 Craven Road
Ealing
London
W5 2UA

MUTANTGENESIS LTD (REGISTERED NUMBER: 11695990)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes €    €   
FIXED ASSETS
Tangible assets 4 4,607 9,595
Investments 5 25,000 25,000
29,607 34,595

CURRENT ASSETS
Debtors 6 24,666 24,666
Cash at bank 2,574 236,540
27,240 261,206
CREDITORS
Amounts falling due within one
year

7

(1,010,923

)

(1,432,446

)
NET CURRENT LIABILITIES (983,683 ) (1,171,240 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(954,076

)

(1,136,645

)

CAPITAL AND RESERVES
Called up share capital 427,031 2,187
Retained earnings (1,381,107 ) (1,138,832 )
(954,076 ) (1,136,645 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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.

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 1 March 2024 and were signed on its behalf by:




H Fluch - Director


MUTANTGENESIS LTD (REGISTERED NUMBER: 11695990)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2022 TO 31 AUGUST 2023

1. STATUTORY INFORMATION

Mutantgenesis LTD 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment - 33% Straight Line
Fixtures & Fittings - 25% Reducing Balance

INVESTMENTS IN ASSOCIATES
Investments in associate undertakings are recognised at cost.

TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

MUTANTGENESIS LTD (REGISTERED NUMBER: 11695990)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 31 AUGUST 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
€   
COST
At 1 December 2022
and 31 August 2023 36,989
DEPRECIATION
At 1 December 2022 27,394
Charge for period 4,988
At 31 August 2023 32,382
NET BOOK VALUE
At 31 August 2023 4,607
At 30 November 2022 9,595

5. FIXED ASSET INVESTMENTS
Interest
in
associate
€   
COST
At 1 December 2022
and 31 August 2023 25,000
NET BOOK VALUE
At 31 August 2023 25,000
At 30 November 2022 25,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
€    €   
Other debtors 24,666 24,666

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
€    €   
Loans 594,031 774,991
Amounts owed to group undertakings 193,253 260,126
Other creditors 223,639 397,329
1,010,923 1,432,446

8. OTHER FINANCIAL COMMITMENTS

The company issued €211,000 (2022: €200,000) of convertible loan notes during the period.
They can be exercised for a variable number of shares sometime in the future by the holders and are treated wholly as a financial liability in these financial statements.