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REGISTERED NUMBER: 10473016 (England and Wales)















MITRATA LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






MITRATA LTD (REGISTERED NUMBER: 10473016)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


MITRATA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Dr Shanir Patel
Dr Nikhil Shah





REGISTERED OFFICE: Oaktree Dental Practice
8 West End Road
Mortimer Common
Mortimer
Reading
RG7 3SY





REGISTERED NUMBER: 10473016 (England and Wales)





ACCOUNTANTS: TG Associates Limited
Chartered Accountants
7 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

MITRATA LTD (REGISTERED NUMBER: 10473016)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,891,028 1,935,004
Tangible assets 5 114,888 98,040
Investments 6 200 200
2,006,116 2,033,244

CURRENT ASSETS
Stocks 5,446 5,446
Debtors 7 117,461 142,198
Cash at bank and in hand 211,335 247,986
334,242 395,630
CREDITORS
Amounts falling due within one year 8 1,121,336 1,211,538
NET CURRENT LIABILITIES (787,094 ) (815,908 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,219,022

1,217,336

CREDITORS
Amounts falling due after more than one
year

9

537,245

592,905
NET ASSETS 681,777 624,431

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 681,677 624,331
681,777 624,431

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

MITRATA LTD (REGISTERED NUMBER: 10473016)

BALANCE SHEET - continued
31 MARCH 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 24 December 2024 and were signed on its behalf by:




Dr Shanir Patel - Director



Dr Nikhil Shah - Director


MITRATA LTD (REGISTERED NUMBER: 10473016)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Mitrata 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.

Goodwill
On 25th August 2017 the company acquired 100% of Greg Blanchard Ltd (Reg. 08382529) and Swingbridge Newbury Ltd (Reg. 08383238) and on acquisition hived up the assets and liaibilities including the existing goodwill within both these companies. The directors believe it is appropriate to amortise both goodwill arising on hiveup and pre existing goodwill over a 20 year period from date of acquisition.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


MITRATA LTD (REGISTERED NUMBER: 10473016)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 2,354,520
AMORTISATION
At 1 April 2023 419,516
Charge for year 43,976
At 31 March 2024 463,492
NET BOOK VALUE
At 31 March 2024 1,891,028
At 31 March 2023 1,935,004

MITRATA LTD (REGISTERED NUMBER: 10473016)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023 112,918
Additions 31,266
At 31 March 2024 144,184
DEPRECIATION
At 1 April 2023 14,878
Charge for year 14,418
At 31 March 2024 29,296
NET BOOK VALUE
At 31 March 2024 114,888
At 31 March 2023 98,040

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 200
NET BOOK VALUE
At 31 March 2024 200
At 31 March 2023 200

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 22,273 7,280
Other debtors 95,188 134,918
117,461 142,198

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 66,497 66,497
Trade creditors 81,277 -
Taxation and social security 19,298 1,712
Other creditors 954,264 1,143,329
1,121,336 1,211,538

MITRATA LTD (REGISTERED NUMBER: 10473016)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 537,245 592,905

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 537,245 592,905