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REGISTERED NUMBER: 02075362 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

MANDELA STREET STUDIOS LIMITED

MANDELA STREET STUDIOS LIMITED (REGISTERED NUMBER: 02075362)

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


MANDELA STREET STUDIOS LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: G Henderson
A Henderson
C Kasicki
J Henderson





SECRETARY: A Henderson





REGISTERED OFFICE: 23 Silver Street
Buckden
St Neots
Cambridgeshire
PE19 5TS





REGISTERED NUMBER: 02075362 (England and Wales)





ACCOUNTANTS: Russell & Co
Station House
Station Approach
East Horsley
Leatherhead
Surrey
KT24 6QX

MANDELA STREET STUDIOS LIMITED (REGISTERED NUMBER: 02075362)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,528 -
Investment property 5 485,000 485,000
507,528 485,000

CURRENT ASSETS
Debtors 6 - 875
Cash at bank 140,808 160,260
140,808 161,135
CREDITORS
Amounts falling due within one year 7 10,198 16,047
NET CURRENT ASSETS 130,610 145,088
TOTAL ASSETS LESS CURRENT
LIABILITIES

638,138

630,088

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 290,489 290,489
Retained earnings 347,549 339,499
SHAREHOLDERS' FUNDS 638,138 630,088

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.

MANDELA STREET STUDIOS LIMITED (REGISTERED NUMBER: 02075362)

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 November 2024 and were signed on its behalf by:





G Henderson - Director


MANDELA STREET STUDIOS LIMITED (REGISTERED NUMBER: 02075362)

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


1. STATUTORY INFORMATION

Mandela Street Studios 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.

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.

Investments
The investment property is valued annually at open market value and any surplus transferred to a revaluation reserve and any deficit to the extent that it is not covered by the revaluation reserve charged to the profit and loss account. No amortisation is charged in respect of the long leasehold property and the directors consider that this accounting policy results in the financial statements giving a true and fair view. Amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 30,038
At 30 April 2024 30,038
DEPRECIATION
Charge for year 7,510
At 30 April 2024 7,510
NET BOOK VALUE
At 30 April 2024 22,528

MANDELA STREET STUDIOS LIMITED (REGISTERED NUMBER: 02075362)

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


5. INVESTMENT PROPERTY

A professional valuation in November 2017 indicated that the open market valuation of the property was £485,000.

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2004 194,511
Valuation in 2014 196,489
Valuation in 2017 94,000
485,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 875

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 4,245
Other creditors 10,198 11,802
10,198 16,047

8. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 290,489