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REGISTERED NUMBER: 05738482 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MANTLEGREEN LTD

MANTLEGREEN LTD (REGISTERED NUMBER: 05738482)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MANTLEGREEN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mrs S Katz





REGISTERED OFFICE: 23 Ashtead Road
London
E5 9BJ





REGISTERED NUMBER: 05738482 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

MANTLEGREEN LTD (REGISTERED NUMBER: 05738482)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 447 624
Investment property 5 461,054 461,054
461,501 461,678

CURRENT ASSETS
Stocks 643,733 643,733
Debtors 6 35,200 225,200
Cash at bank 9,467 19,956
688,400 888,889
CREDITORS
Amounts falling due within one year 7 (460,396 ) (666,244 )
NET CURRENT ASSETS 228,004 222,645
TOTAL ASSETS LESS CURRENT
LIABILITIES

689,505

684,323

CREDITORS
Amounts falling due after more than one
year

8

(646,506

)

(646,506

)
NET ASSETS 42,999 37,817

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 42,998 37,816
SHAREHOLDERS' FUNDS 42,999 37,817

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

MANTLEGREEN LTD (REGISTERED NUMBER: 05738482)

BALANCE SHEET - continued
31 DECEMBER 2023


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 19 August 2024 and were signed by:





Mrs S Katz - Director


MANTLEGREEN LTD (REGISTERED NUMBER: 05738482)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Mantlegreen 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.

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.

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 - 25% on 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

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

MANTLEGREEN LTD (REGISTERED NUMBER: 05738482)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 8,329 1,293 9,622
DEPRECIATION
At 1 January 2023 7,965 1,033 8,998
Charge for year 91 86 177
At 31 December 2023 8,056 1,119 9,175
NET BOOK VALUE
At 31 December 2023 273 174 447
At 31 December 2022 364 260 624

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 461,054
NET BOOK VALUE
At 31 December 2023 461,054
At 31 December 2022 461,054

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 35,200 225,200

Included in other debtors is an amount of £35,200 due from S K Charitable Trust. Mrs S Katz, director of this company is also a trustee of S K Charitable Trust. The loan is interest free and repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax 1,431 174
Other creditors 118,987 104,122
Sundry creditors 923 923
Directors' current accounts 249,430 471,430
Accrued expenses 89,625 89,595
460,396 666,244

MANTLEGREEN LTD (REGISTERED NUMBER: 05738482)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans more 5 yrs non-inst 646,506 646,506

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 646,506 646,506

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 646,506 646,506

Bank loans and overdrafts are secured by legal charges over company's properties held for trading.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Retained
earnings
£   

At 1 January 2023 37,816
Profit for the year 5,182
At 31 December 2023 42,998

12. ULTIMATE CONTROLLING PARTY

The company is controlled by Mrs Sarah Katz who is a director of this company.