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REGISTERED NUMBER: 12678591 (England and Wales)















Mangrai Limited

Unaudited Financial Statements for the Year Ended 30 June 2023






Mangrai Limited (Registered number: 12678591)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Mangrai Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Dr K Thinn





REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF





REGISTERED NUMBER: 12678591 (England and Wales)





ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF

Mangrai Limited (Registered number: 12678591)

Abridged Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,510 1,887
Investment property 6 485,892 482,322
487,402 484,209

CURRENT ASSETS
Debtors 289 294
Cash at bank 2,468 2,476
2,757 2,770
CREDITORS
Amounts falling due within one year 267,524 270,866
NET CURRENT LIABILITIES (264,767 ) (268,096 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

222,635

216,113

CREDITORS
Amounts falling due after more than one
year

7

(219,983

)

(220,030

)

PROVISIONS FOR LIABILITIES 9 (287 ) (358 )
NET ASSETS/(LIABILITIES) 2,365 (4,275 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 2,364 (4,276 )
SHAREHOLDERS' FUNDS 2,365 (4,275 )

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 director acknowledges her 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.

Mangrai Limited (Registered number: 12678591)

Abridged Statement of Financial Position - 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 March 2024 and were signed by:





Dr K Thinn - Director


Mangrai Limited (Registered number: 12678591)

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

1. STATUTORY INFORMATION

Mangrai 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. 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.

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 annual rates in order to write off each asset over its estimated useful life.

Fixtures and Fittings - 20% Reducing Balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

4. EMPLOYEES AND DIRECTORS

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

Mangrai Limited (Registered number: 12678591)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022
and 30 June 2023 2,867
DEPRECIATION
At 1 July 2022 980
Charge for year 377
At 30 June 2023 1,357
NET BOOK VALUE
At 30 June 2023 1,510
At 30 June 2022 1,887

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 482,322
Additions 3,570
At 30 June 2023 485,892
NET BOOK VALUE
At 30 June 2023 485,892
At 30 June 2022 482,322

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30.6.23 30.6.22
£    £   
Repayable otherwise than by instalments
Other loans 219,983 220,030

8. LOANS

An analysis of the maturity of loans is given below:

30.6.23 30.6.22
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Other loans 219,983 220,030

9. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 287 358

Mangrai Limited (Registered number: 12678591)

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

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2022 358
Credit to Income Statement during year (71 )
Balance at 30 June 2023 287

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
1 'A' Ordinary £1 1 1

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr K Thinn.