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Registration number: 11725098

Mamucium Assets Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Mamucium Assets Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

Mamucium Assets Ltd

Company Information

Director

Mr H Lord

Registered office

Hilton House
26-28 Hilton Street
Manchester
M1 2EH

Accountants

Williamson Croft Accountants Limited
Chartered Certified Accountants
York House
20 York Street
Manchester
M2 3BB

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Mamucium Assets Ltd
for the Year Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Mamucium Assets Ltd for the year ended 30 June 2024 as set out on pages 3 to 7 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 https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Mamucium Assets Ltd, as a body, in accordance with the terms of our engagement letter dated 1 November 2022. Our work has been undertaken solely to prepare for your approval the accounts of Mamucium Assets Ltd and state those matters that we have agreed to state to the Board of Directors of Mamucium Assets Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mamucium Assets Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Mamucium Assets 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 of Mamucium Assets Ltd. You consider that Mamucium Assets 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 Mamucium Assets 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 statutory accounts.

......................................

Williamson Croft Accountants Limited
Chartered Certified Accountants
York House
20 York Street
Manchester
M2 3BB

9 January 2025

 

Mamucium Assets Ltd

(Registration number: 11725098)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

107

107

Current assets

 

Debtors

5

25,225,841

24,897,630

Cash at bank and in hand

 

2,205

129,978

 

25,228,046

25,027,608

Creditors: Amounts falling due within one year

6

(620,966)

(618,126)

Net current assets

 

24,607,080

24,409,482

Net assets

 

24,607,187

24,409,589

Capital and reserves

 

Called up share capital

7

244,385

241,399

Share premium reserve

24,193,954

23,898,190

Retained earnings

168,848

270,000

Shareholders' funds

 

24,607,187

24,409,589

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 9 January 2025
 

.........................................
Mr H Lord
Director

 

Mamucium Assets Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hilton House
26-28 Hilton Street
Manchester
M1 2EH
United Kingdom

These financial statements were authorised for issue by the director on 9 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company.

Summary of disclosure exemptions

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Group accounts not prepared

The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has therefore taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts. .

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Mamucium Assets Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Investments

2024
£

2023
£

Investments in subsidiaries

107

107

Subsidiaries

£

Cost or valuation

At 1 July 2023

107

Provision

Carrying amount

At 30 June 2024

107

At 30 June 2023

107

 

Mamucium Assets Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Debtors

Note

2024
£

2023
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

8

25,225,839

24,897,628

Other debtors

 

2

2

 

25,225,841

24,897,630

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

988

-

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

618,178

616,326

Accruals and deferred income

 

1,800

1,800

 

620,966

618,126

 

Mamucium Assets Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

Ordinary CH of £0.01 each

7,344,964

73,450

7,344,964

73,450

Ordinary FH of £0.01 each

3,177,000

31,770

3,177,000

31,770

Ordinary HH of £0.01 each

8,931,323

89,313

8,931,323

89,313

Ordinary RH of £0.01 each

1,260,750

12,608

1,134,250

11,343

Ordinary TH of £0.01 each

3,724,300

37,243

3,552,050

35,521

24,438,339

244,385

24,139,589

241,398

8

Related party transactions

The company has taken advantage of the exemption within FRS102 (Section 1A) from the requirement to disclose transactions with entities where each party to the transaction is a wholly owned member of the same group.