IRIS Accounts Production v23.3.1.45 13661131 Board of Directors 1.7.22 30.6.23 30.6.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh136611312022-06-30136611312023-06-30136611312022-07-012023-06-30136611312021-10-04136611312021-10-052022-06-30136611312022-06-3013661131ns10:Originalns15:EnglandWales2022-07-012023-06-3013661131ns14:PoundSterlingns10:Original2022-07-012023-06-3013661131ns10:Originalns10:Director12022-07-012023-06-3013661131ns10:Original2022-07-012023-06-3013661131ns10:Original2023-06-3013661131ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3013661131ns10:Originalns10:SmallEntities2022-07-012023-06-3013661131ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3013661131ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3013661131ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3013661131ns10:Originalns10:FullAccounts2022-07-012023-06-3013661131ns10:Original2021-10-052022-06-3013661131ns10:EntityHasNeverTradedns10:Original2022-07-012023-06-3013661131ns10:Originalns10:Director22022-07-012023-06-3013661131ns10:Originalns10:RegisteredOffice2022-07-012023-06-3013661131ns10:Original2022-06-3013661131ns10:Originalns5:CurrentFinancialInstruments2023-06-3013661131ns10:Originalns5:CurrentFinancialInstruments2022-06-3013661131ns10:Originalns5:Non-currentFinancialInstruments2023-06-3013661131ns10:Originalns5:Non-currentFinancialInstruments2022-06-3013661131ns5:ShareCapitalns10:Original2023-06-3013661131ns5:ShareCapitalns10:Original2022-06-3013661131ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3013661131ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3013661131ns10:Originalns5:CostValuation2022-06-3013661131ns10:Originalns5:AdditionsToInvestments2023-06-3013661131ns10:Originalns5:CostValuation2023-06-3013661131ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3013661131ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30
REGISTERED NUMBER: 13661131 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Mahenge Resources Limited

Mahenge Resources Limited (Registered number: 13661131)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mahenge Resources Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: R A Crookes
J C de Vries





REGISTERED OFFICE: 3 Sheen Road
Richmond Upon Thames
TW9 1AD





REGISTERED NUMBER: 13661131 (England and Wales)





ACCOUNTANTS: SKS Business Services Limited
3 Sheen Road
Richmond upon Thames
Richmond
Surrey
TW9 1AD

Mahenge Resources Limited (Registered number: 13661131)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
NON CURRENT ASSET
Intercompany Investment 3 9,118,921 61

CURRENT ASSET
VAT Receivable 4 - 1,247

ACCOUNT PAYABLE
Amounts falling due within one year 5 (1,069 ) (1,113 )
NET CURRENT (LIABILITIES)/ASSETS (1,069 ) 134
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,117,852

195

ACCOUNT PAYABLE
Amounts falling due after more than one year 6 (9,138,900 ) (7,332 )
NET LIABILITIES (21,048 ) (7,137 )

CAPITAL AND RESERVES
Share Capital 100 100
Retained earnings (21,148 ) (7,237 )
(21,048 ) (7,137 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Mahenge Resources Limited (Registered number: 13661131)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 9 February 2024 and were signed on its behalf by:





J C de Vries - Director


Mahenge Resources Limited (Registered number: 13661131)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. 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.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

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.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2. EMPLOYEES AND DIRECTORS

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

3. NON CURRENT ASSET

2023 2022
£    £   
Shares in group undertakings 1,649 61
Loans to group undertakings 9,117,272 -
9,118,921 61

Mahenge Resources Limited (Registered number: 13661131)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. NON CURRENT ASSET - continued

Additional information is as follows:
Intercompany
Investment
£   
COST
At 1 July 2022 61
Intercompany Investment 1,588
At 30 June 2023 1,649
NET BOOK VALUE
At 30 June 2023 1,649
At 30 June 2022 61
Loans to
group
undertakings
£   
Intercompany receivable 9,117,272
At 30 June 2023 9,117,272

4. CURRENT ASSET
2023 2022
£    £   
VAT Receivable - 1,247

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,069 1,113

6. CREDITORS MORE THAN ONE YEAR
2023 2022
£    £   
Intercompany Payable 9,138,900 7,332