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REGISTERED NUMBER: 08967090 (England and Wales)















Mindaro Limited

Unaudited Financial Statements

for the Year Ended 30 September 2023






Mindaro Limited (Registered number: 08967090)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mindaro Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: J Kenny





REGISTERED OFFICE: Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR





REGISTERED NUMBER: 08967090 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Mindaro Limited (Registered number: 08967090)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,988 6,750
Investments 5 1,306,500 224,632
1,311,488 231,382

CURRENT ASSETS
Debtors 6 237,879 322,231
Cash at bank 84,390 942,071
322,269 1,264,302
CREDITORS
Amounts falling due within one year 7 102,201 109,198
NET CURRENT ASSETS 220,068 1,155,104
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,531,556

1,386,486

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 1,531,506 1,386,436
SHAREHOLDERS' FUNDS 1,531,556 1,386,486

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

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

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 24 April 2024 and were signed by:





J Kenny - Director


Mindaro Limited (Registered number: 08967090)

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

1. STATUTORY INFORMATION

Mindaro 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. 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 annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Computer equipment - 25% on 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Basic financial instruments
A financial asset held as an equity instrument is recognised initially at the transaction price (including transaction costs).

At the end of each reporting period, unlisted equity investments are recorded at fair value, where appropriate, or at cost less impairment if their fair value cannot be reliably measured. Objective evidence of the impairment of financial assets is assessed at each period end and any impairment loss recognised in the profit or loss immediately. Impairment loss is calculated as the difference between the carrying amount of the instrument and the best estimate of the cashflows expected to be derived from the asset (including sales proceeds if sold) at the balance sheet.

Investment income is recognised in the financial statements when the company becomes entitled to its share of profits from the financial instruments.

3. EMPLOYEES AND DIRECTORS

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

Mindaro Limited (Registered number: 08967090)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 5,619 15,915 21,534
DEPRECIATION
At 1 October 2022 1,523 13,261 14,784
Charge for year 562 1,200 1,762
At 30 September 2023 2,085 14,461 16,546
NET BOOK VALUE
At 30 September 2023 3,534 1,454 4,988
At 30 September 2022 4,096 2,654 6,750

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2022 224,632
Additions 1,117,500
Disposals (35,632 )
At 30 September 2023 1,306,500
NET BOOK VALUE
At 30 September 2023 1,306,500
At 30 September 2022 224,632

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Directors' current accounts 119,369 203,721
S455 tax debtor 118,510 118,510
237,879 322,231

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Tax 81,556 98,677
Accrued expenses 20,645 10,521
102,201 109,198

Mindaro Limited (Registered number: 08967090)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
J Kenny
Balance outstanding at start of year 203,721 397,558
Amounts advanced 57,960 67,967
Amounts repaid (142,312 ) (261,804 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 119,369 203,721

Director loan accounts are repayable on demand and incur interest at a rate of 2.5%.