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Registered number: 07183173
Mango Property Solutions Ltd
ABRIDGED Financial Statements
For The Year Ended 31 March 2024
C K R
Chartered Certified Accountants
C K R House
70 East Hill
Dartford
Kent
DA1 1RZ
Contents
Page
Accountants' Report 1
Abridged Balance Sheet 2—3
Notes to the Abridged Financial Statements 4—5
Page 1
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of Mango Property Solutions Ltd for the year ended 31 March 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Mango Property Solutions Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Mango Property Solutions Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Mango Property Solutions Ltd and state those matters that we have agreed to state to the director of Mango Property Solutions Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mango Property Solutions Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Mango Property Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Mango Property Solutions Ltd . You consider that Mango Property Solutions Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Mango Property Solutions Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
24 December 2024
C K R
Chartered Certified Accountants
C K R House
70 East Hill
Dartford
Kent
DA1 1RZ
Page 1
Page 2
Abridged Balance Sheet
Registered number: 07183173
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 31,500 36,750
Tangible Assets 5 3,454 4,605
34,954 41,355
CURRENT ASSETS
Debtors 13,734 12,475
Cash at bank and in hand 514 1,353
14,248 13,828
Creditors: Amounts Falling Due Within One Year (51,838 ) (31,587 )
NET CURRENT ASSETS (LIABILITIES) (37,590 ) (17,759 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,636 ) 23,596
Creditors: Amounts Falling Due After More Than One Year (11,761 ) (21,707 )
NET (LIABILITIES)/ASSETS (14,397 ) 1,889
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account (14,398 ) 1,888
SHAREHOLDERS' FUNDS (14,397) 1,889
Page 2
Page 3
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Miss Amanda Masterman
Director
24 December 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Abridged Financial Statements
1. General Information
Mango Property Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07183173 . The registered office is C K R House, 70 East Hill, Dartford, DA1 1RZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are franchise fees. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.6. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10 years straight line
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 3 years straight line
2.7. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 2 2
2 2
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4. Intangible Assets
Total
£
Cost
As at 1 April 2023 123,824
As at 31 March 2024 123,824
Amortisation
As at 1 April 2023 87,074
Provided during the period 5,250
As at 31 March 2024 92,324
Net Book Value
As at 31 March 2024 31,500
As at 1 April 2023 36,750
5. Tangible Assets
Total
£
Cost
As at 1 April 2023 44,432
As at 31 March 2024 44,432
Depreciation
As at 1 April 2023 39,827
Provided during the period 1,151
As at 31 March 2024 40,978
Net Book Value
As at 31 March 2024 3,454
As at 1 April 2023 4,605
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
7. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid - 3,500
Final dividend paid - 10,500
- 14,000
Page 5