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REGISTERED NUMBER: 12480963 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Mandarax Music Limited

Mandarax Music Limited (Registered number: 12480963)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mandarax Music Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: R Simmons





REGISTERED OFFICE: 34 Mayow Road
Sydenham
London
SE26 4JA





REGISTERED NUMBER: 12480963 (England and Wales)






Mandarax Music Limited (Registered number: 12480963)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,877 1,262

CURRENT ASSETS
Debtors 5 44,479 16,645
Cash at bank 35,646 82,054
80,125 98,699
CREDITORS
Amounts falling due within one year 6 14,252 33,094
NET CURRENT ASSETS 65,873 65,605
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,750

66,867

PROVISIONS FOR LIABILITIES 357 240
NET ASSETS 67,393 66,627

CAPITAL AND RESERVES
Called up share capital 7 101 101
Retained earnings 8 67,292 66,526
SHAREHOLDERS' FUNDS 67,393 66,627

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 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.

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 7 January 2025 and were signed by:





R Simmons - Director


Mandarax Music Limited (Registered number: 12480963)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Mandarax Music 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 Equipment - 25% on cost
Computer equipment - 25% on cost

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 2 (2023 - 1 ) .

Mandarax Music Limited (Registered number: 12480963)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
Equipment equipment Totals
£    £    £   
COST
At 1 April 2023 - 2,525 2,525
Additions 1,662 - 1,662
At 31 March 2024 1,662 2,525 4,187
DEPRECIATION
At 1 April 2023 - 1,263 1,263
Charge for year 416 631 1,047
At 31 March 2024 416 1,894 2,310
NET BOOK VALUE
At 31 March 2024 1,246 631 1,877
At 31 March 2023 - 1,262 1,262

5. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 6,479 16,645

Amounts falling due after more than one year:
Other debtors 38,000 -

Aggregate amounts 44,479 16,645

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 2,440 7,354
Taxation and social security 9,221 21,916
Other creditors 2,591 3,824
14,252 33,094

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100
1 Ordinary Class "B" £1 1 1
101 101

The one Ordinary Class "B" share has a right to dividends only. It does not have any rights to receive notice of, attend and vote at general meetings, nor any rights to capital distributions, including upon winding up.

Mandarax Music Limited (Registered number: 12480963)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. RESERVES
Retained
earnings
£   

At 1 April 2023 66,526
Profit for the year 27,766
Dividends (27,000 )
At 31 March 2024 67,292

9. RELATED PARTY DISCLOSURES

Included in long term debtors is a loan of £38,000 (2023 - £Nil) made to Elnife Holdings Limited, in which Mr R Simmons is a director and a 50% shareholder. The loan has no fixed date of repayment and is interest free.