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Company No: 06329645 (England and Wales)

MANDORA INVESTMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

MANDORA INVESTMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

MANDORA INVESTMENTS LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
MANDORA INVESTMENTS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS Ida Dyan
Peter Stephen Ferstendik
SECRETARY Linda Ferstendik
REGISTERED OFFICE 2 Leman Street
London
E1W 9US
United Kingdom
COMPANY NUMBER 06329645 (England and Wales)
ACCOUNTANT Gravita II LLP
Aldgate Tower
2 Leman Street
London
E1 8FA
United Kingdom
MANDORA INVESTMENTS LIMITED

BALANCE SHEET

As at 31 December 2023
MANDORA INVESTMENTS LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 106,578 100,890
106,578 100,890
Current assets
Debtors 4 1,570,622 1,574,011
Cash at bank and in hand 2,152 2,245
1,572,774 1,576,256
Creditors: amounts falling due within one year 5 ( 6,273) ( 4,620)
Net current assets 1,566,501 1,571,636
Total assets less current liabilities 1,673,079 1,672,526
Net assets 1,673,079 1,672,526
Capital and reserves
Called-up share capital 6 299 299
Other reserves 1,057,928 1,057,928
Profit and loss account 614,852 614,299
Total shareholders' funds 1,673,079 1,672,526

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Mandora Investments Limited (registered number: 06329645) were approved and authorised for issue by the Board of Directors on 19 November 2024. They were signed on its behalf by:

Peter Stephen Ferstendik
Director
MANDORA INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
MANDORA INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Mandora Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Leman Street, London, E1W 9US, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. Transaction costs are expensed to profit or loss as incurred.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 January 2023 100,890 100,890
Additions 2,000 2,000
Disposals ( 1,275) ( 1,275)
Movement in fair value 4,963 4,963
At 31 December 2023 106,578 106,578
Carrying value at 31 December 2023 106,578 106,578
Carrying value at 31 December 2022 100,890 100,890

4. Debtors

2023 2022
£ £
Amounts owed by related parties 1,570,622 1,574,011

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 1,652 0
Other creditors 4,621 4,620
6,273 4,620

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
2,400 Class A ordinary shares of £ 0.083333 each 200 200
612 Class B ordinary shares of £ 0.083333 each 51 51
576 Class C ordinary shares of £ 0.083333 each 48 48
299 299

7. Related party transactions

Other related party transactions

2023 2022
£ £
Amounts due from related parties 1,570,622 1,574,011