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REGISTERED NUMBER: 10334604 (England and Wales)















Financial Statements for the Year Ended 31 October 2023

for

Mambu Tech Limited

Mambu Tech Limited (Registered number: 10334604)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mambu Tech Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: E Heng
E Heath





REGISTERED OFFICE: 511/519 Salisbury House
29 Finsbury Circus
London
EC2M 5QQ





REGISTERED NUMBER: 10334604 (England and Wales)





AUDITORS: WP Audit Limited
Statutory Auditors
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Mambu Tech Limited (Registered number: 10334604)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 44,949 107,854

CURRENT ASSETS
Debtors 5 2,209,893 2,462,346
Cash at bank 185,532 235,067
2,395,425 2,697,413
CREDITORS
Amounts falling due within one year 6 (996,979 ) (1,791,121 )
NET CURRENT ASSETS 1,398,446 906,292
TOTAL ASSETS LESS CURRENT LIABILITIES 1,443,395 1,014,146

PROVISIONS FOR LIABILITIES (9,918 ) (21,579 )
NET ASSETS 1,433,477 992,567

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,433,377 992,467
1,433,477 992,567

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 31 July 2024 and were signed on its behalf by:





E Heng - Director


Mambu Tech Limited (Registered number: 10334604)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Mambu Tech 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.
Turnover is measured at the cost of providing sales and marketing support to its parent company plus 8% (2022: 8%).
Local sales agent and reseller turnover is measured at a Net Margin (EBIT) of 1% of revenue from customers in the UK and Ireland territory.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over the lease term
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and 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 balance sheet date.


Mambu Tech Limited (Registered number: 10334604)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2022 - 65 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 235,566
Additions 9,024
At 31 October 2023 244,590
DEPRECIATION
At 1 November 2022 127,712
Charge for year 71,929
At 31 October 2023 199,641
NET BOOK VALUE
At 31 October 2023 44,949
At 31 October 2022 107,854

5. DEBTORS
31.10.23 31.10.22
£    £   
Amounts falling due within one year:
Trade debtors 3,600 -
Amounts owed by group undertakings 1,924,443 2,079,545
Other debtors 220,722 321,673
2,148,765 2,401,218

Mambu Tech Limited (Registered number: 10334604)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. DEBTORS - continued
31.10.23 31.10.22
£    £   
Amounts falling due after more than one year:
Other debtors 61,128 61,128

Aggregate amounts 2,209,893 2,462,346

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 27,322 61,792
Taxation and social security 319,352 497,744
Other creditors 650,305 1,231,585
996,979 1,791,121

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.23 31.10.22
£    £   
Within one year 188,125 180,725
Between one and five years 31,563 219,689
219,688 400,414

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Philippa Duckworth BSc FCCA (Senior Statutory Auditor)
for and on behalf of WP Audit Limited

9. ULTIMATE CONTROLLING PARTY

The parent entity is Mambu GmbH, with the ultimate controlling party being Mambu B.V.