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REGISTERED NUMBER: 09949037 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

MABAPA LIMITED

MABAPA LIMITED (REGISTERED NUMBER: 09949037)

Contents of the Financial Statements
for the year ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

MABAPA LIMITED

Company Information
for the year ended 31 January 2024







Directors: D G Demetriou
Mrs A Demetriou





Registered office: Aissela
46 High Street
Esher
Surrey
KT10 9QY





Registered number: 09949037 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

MABAPA LIMITED (REGISTERED NUMBER: 09949037)

Balance Sheet
31 January 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 405 1,476
Investments 5 259,648 206,016
260,053 207,492

Current assets
Debtors 6 8,966 10,573
Investments 7 632,057 602,096
Cash at bank and in hand 265,266 176,061
906,289 788,730
Creditors
Amounts falling due within one year 8 372,927 238,613
Net current assets 533,362 550,117
Total assets less current liabilities 793,415 757,609

Capital and reserves
Called up share capital 9 110 110
Retained earnings 793,305 757,499
793,415 757,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

MABAPA LIMITED (REGISTERED NUMBER: 09949037)

Balance Sheet - continued
31 January 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:





D G Demetriou - Director


MABAPA LIMITED (REGISTERED NUMBER: 09949037)

Notes to the Financial Statements
for the year ended 31 January 2024


1. Statutory information

Mabapa 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.

Preparation of consolidated financial statements
The financial statements contain information about Mabapa Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

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.
Plant and machinery - 5% on reducing balance
Computer equipment - 33% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

MABAPA LIMITED (REGISTERED NUMBER: 09949037)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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.

Fixed asset investment - other loans
The investment in other loans refers to loan notes. This financial asset is subsequently valued at amortised cost using the effective interest rate method.

Current asset investments
Current assets investments relate to listed investments which are subsequently valued for at fair value through profit and loss. The gain recognised in the profit and loss for the period totals £2,147 (2023: loss of £17,819). The fair value is ascertained by the stock market and the investment are held as part of trading portfolios.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

MABAPA LIMITED (REGISTERED NUMBER: 09949037)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


4. Tangible fixed assets
Plant and Computer
machinery equipment Totals
£ £ £
Cost
At 1 February 2023
and 31 January 2024 958 19,689 20,647
Depreciation
At 1 February 2023 958 18,213 19,171
Charge for year - 1,071 1,071
At 31 January 2024 958 19,284 20,242
Net book value
At 31 January 2024 - 405 405
At 31 January 2023 - 1,476 1,476

5. Fixed asset investments

2024 2023
£ £
Participating interests 465 465
Other investments not loans 16,595 13,580
Other loans 242,588 191,971
259,648 206,016

Additional information is as follows:
Interest in
associate
£
Cost
At 1 February 2023
and 31 January 2024 465
Net book value
At 31 January 2024 465
At 31 January 2023 465

Investments (neither listed nor unlisted) were as follows:
2024 2023
£ £
Other investments 16,595 13,580

MABAPA LIMITED (REGISTERED NUMBER: 09949037)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


5. Fixed asset investments - continued
Other loans
£
At 1 February 2023 191,971
New in year 90,000
Repayment in year (39,383 )
At 31 January 2024 242,588

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 2,176 3,783
Other debtors 6,790 6,790
8,966 10,573

7. Current asset investments
2024 2023
£ £
Listed investments 632,057 602,096

8. Creditors: amounts falling due within one year
2024 2023
£ £
Tax 746 (719 )
Directors' current accounts 372,181 239,332
372,927 238,613

9. Called up share capital

Allotted, issued and fully paid:

Number:

Class:
Nominal
Value:

£   
50 Ordinary A 1.00 50
50 Ordinary B 1.00 50
10 Ordinary C 1.00 10
110

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Mabapa Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mabapa Limited for the year ended 31 January 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Mabapa Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mabapa Limited and state those matters that we have agreed to state to the Board of Directors of Mabapa Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mabapa Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mabapa Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mabapa Limited. You consider that Mabapa Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mabapa Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY


12 August 2024