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REGISTERED NUMBER: 04487758 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

MANTEL INVESTMENTS (UK) LIMITED

MANTEL INVESTMENTS (UK) LIMITED (REGISTERED NUMBER: 04487758)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MANTEL INVESTMENTS (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: M Patel





SECRETARY:





REGISTERED OFFICE: Suite 211 Albert Wing The Agrent Centre
60 Frederick Street
Birmingham
B1 3HS





REGISTERED NUMBER: 04487758 (England and Wales)





ACCOUNTANTS: Insight Accountancy Services Ltd
7A Alkmaar Way
Norwich Int Business Park
Norwich
Norfolk
NR6 6BF

MANTEL INVESTMENTS (UK) LIMITED (REGISTERED NUMBER: 04487758)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,841,000 1,480,000

CURRENT ASSETS
Debtors 5 208,785 988,892
Cash at bank 742,548 432,097
951,333 1,420,989
CREDITORS
Amounts falling due within one year 6 257,763 70,953
NET CURRENT ASSETS 693,570 1,350,036
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,534,570

2,830,036

CREDITORS
Amounts falling due after more than one
year

7

(369,103

)

(1,395,624

)

PROVISIONS FOR LIABILITIES (123,551 ) -
NET ASSETS 2,041,916 1,434,412

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 8 534,177 39,267
Retained earnings 1,507,737 1,395,143
2,041,916 1,434,412

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

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

MANTEL INVESTMENTS (UK) LIMITED (REGISTERED NUMBER: 04487758)

BALANCE SHEET - continued
31 JULY 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 1 November 2024 and were signed by:





M Patel - Director


MANTEL INVESTMENTS (UK) LIMITED (REGISTERED NUMBER: 04487758)

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

1. STATUTORY INFORMATION

Mantel Investments (UK) 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.

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 as modified by the revaluation of certain 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.

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).

MANTEL INVESTMENTS (UK) LIMITED (REGISTERED NUMBER: 04487758)

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 August 2022 1,440,733
Disposals (250,000 )
Revaluations 650,267
At 31 July 2023 1,841,000
NET BOOK VALUE
At 31 July 2023 1,841,000
At 31 July 2022 1,440,733

Cost or valuation at 31 July 2023 is represented by:

Land and
buildings
£   
Valuation in 2018 1,440,733
Valuation in 2019 63,365
Valuation in 2020 18,672
Valuation in 2021 (42,770 )
Valuation in 2023 361,000
1,841,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 208,649 986,084
Other debtors 136 2,808
208,785 988,892

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 207,295 82,513
Trade creditors 12,416 9,255
Taxation and social security 31,302 (22,135 )
Other creditors 6,750 1,320
257,763 70,953

MANTEL INVESTMENTS (UK) LIMITED (REGISTERED NUMBER: 04487758)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 1,569,981 1,348,562
Other creditors (1,200,878 ) 47,062
369,103 1,395,624

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 740,801 1,010,650
Other loans (1,282,904 ) -
(542,103 ) 1,010,650

8. RESERVES
Revaluation
reserve
£   
At 1 August 2022 39,267
Revaluation 494,910

At 31 July 2023 534,177