Company Registration No. 13073906 (England and Wales)
MANDY PROPERTY LIMITED
Unaudited accounts
for the year ended 31 December 2024
MANDY PROPERTY LIMITED
Unaudited accounts
Contents
MANDY PROPERTY LIMITED
Company Information
for the year ended 31 December 2024
Company Number
13073906 (England and Wales)
Registered Office
27 OLD GLOUCESTER STREET
LONDON
WC1N 3AX
UNITED KINGDOM
Accountants
KONG KUEN LEO HO
KONSIO CONSULTING SERVICE LIMITED
196 CROXLEY VIEW
WATFORD
HERTFORDSHIRE
WD18 6PQ
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
MANDY PROPERTY LIMITED
for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
MANDY PROPERTY LIMITED for the year ended
31 December 2024 as set out on pages
5 -
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/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of MANDY PROPERTY LIMITED, as a body, in accordance with the terms of our engagement letter dated 9 February 2022. Our work has been undertaken solely to prepare for your approval the accounts of MANDY PROPERTY LIMITED and state those matters that we have agreed to state to the Board of Directors of MANDY PROPERTY LIMITED, 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/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 MANDY PROPERTY LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MANDY PROPERTY LIMITED 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 MANDY PROPERTY LIMITED. You consider that MANDY PROPERTY LIMITED 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 MANDY PROPERTY LIMITED. 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.
KONG KUEN LEO HO
Chartered Certified Accountants
KONSIO CONSULTING SERVICE LIMITED
196 CROXLEY VIEW
WATFORD
HERTFORDSHIRE
WD18 6PQ
17 March 2025
MANDY PROPERTY LIMITED
Statement of financial position
as at 31 December 2024
Tangible assets
429,113
331,152
Cash at bank and in hand
5,898
13,056
Creditors: amounts falling due within one year
(8,384)
(6,024)
Net current (liabilities)/assets
(2,486)
7,032
Total assets less current liabilities
426,627
338,184
Creditors: amounts falling due after more than one year
(428,945)
(349,945)
Net liabilities
(2,318)
(11,761)
Called up share capital
1
1
Profit and loss account
(2,319)
(11,762)
Shareholders' funds
(2,318)
(11,761)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 March 2025 and were signed on its behalf by
Hung Ha Wong
Director
Company Registration No. 13073906
MANDY PROPERTY LIMITED
Notes to the Accounts
for the year ended 31 December 2024
MANDY PROPERTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13073906. The registered office is 27 OLD GLOUCESTER STREET, LONDON, WC1N 3AX, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
50 years straight line @2%
4
Tangible fixed assets
Land & buildings
At 31 December 2024
451,950
At 31 December 2024
22,837
At 31 December 2024
429,113
At 31 December 2023
331,152
MANDY PROPERTY LIMITED
Notes to the Accounts
for the year ended 31 December 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
4,453
2,640
Proposed dividends
-
1,000
Loans from directors
2,491
944
6
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
428,945
349,945
Included within creditors due after one year is a balance of £428,945.
Of this amount £428,945 is a long term loan that the director has invested into the company. The director has waived her right to charge interest in this in the tax year. The loan is unsecured.
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Transactions with related parties
The ultimate controlling party are the directors of the company:
Ms Hung Ha Wong (Director)
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).