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REGISTERED NUMBER: 09570139 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Mendelian Ltd

Mendelian Ltd (Registered number: 09570139)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mendelian Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: F J Garcia Tosina
P J Fish





REGISTERED OFFICE: 86 Burlington Road
New Malden
Surrey
KT3 4NT





REGISTERED NUMBER: 09570139 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

Mendelian Ltd (Registered number: 09570139)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,605 11,474

CURRENT ASSETS
Debtors 5 454,091 270,688
Cash at bank and in hand 747,627 309,965
1,201,718 580,653
CREDITORS
Amounts falling due within one year 6 517,096 227,568
NET CURRENT ASSETS 684,622 353,085
TOTAL ASSETS LESS CURRENT
LIABILITIES

693,227

364,559

CREDITORS
Amounts falling due after more than one
year

7

757,952

844,718
NET LIABILITIES (64,725 ) (480,159 )

CAPITAL AND RESERVES
Called up share capital 1,305 1,305
Share premium 1,815,515 1,815,515
Retained earnings (1,881,545 ) (2,296,979 )
SHAREHOLDERS' FUNDS (64,725 ) (480,159 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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

Mendelian Ltd (Registered number: 09570139)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:





F J Garcia Tosina - Director


Mendelian Ltd (Registered number: 09570139)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Mendelian Ltd 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. 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.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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 11 (2023 - 14 ) .

Mendelian Ltd (Registered number: 09570139)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and Office Computer
machinery equipment equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 868 158 19,609 20,635
DEPRECIATION
At 1 May 2023 713 123 8,325 9,161
Charge for year 39 9 2,821 2,869
At 30 April 2024 752 132 11,146 12,030
NET BOOK VALUE
At 30 April 2024 116 26 8,463 8,605
At 30 April 2023 155 35 11,284 11,474

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 296,350 6,000
Other debtors 157,741 264,688
454,091 270,688

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 124,917 10,897
Trade creditors 89,204 130,407
Taxation and social security 43,826 29,491
Other creditors 259,149 56,773
517,096 227,568

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 757,950 844,716
Other creditors 2 2
757,952 844,718

8. RELATED PARTY DISCLOSURES

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.