REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 January 2025 |
for |
MABAPA LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 January 2025 |
for |
MABAPA LIMITED |
MABAPA LIMITED (REGISTERED NUMBER: 09949037) |
Contents of the Financial Statements |
for the year ended 31 January 2025 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
MABAPA LIMITED |
Company Information |
for the year ended 31 January 2025 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
Aissela |
46 High Street |
Esher |
Surrey |
KT10 9QY |
MABAPA LIMITED (REGISTERED NUMBER: 09949037) |
Balance Sheet |
31 January 2025 |
2025 | 2024 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investments | 5 |
Current assets |
Debtors | 6 |
Investments | 7 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 8 |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 9 |
Retained earnings |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
MABAPA LIMITED (REGISTERED NUMBER: 09949037) |
Notes to the Financial Statements |
for the year ended 31 January 2025 |
1. | Statutory information |
Mabapa Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Accounting policies |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Mabapa Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Key source of estimation, uncertainty and judgement |
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period. |
There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets. |
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 |
Plant and machinery | - |
Computer equipment | - |
Investments in associates |
Investments in associate undertakings are recognised at cost. |
Financial instruments |
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. |
Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. |
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts. |
Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. |
MABAPA LIMITED (REGISTERED NUMBER: 09949037) |
Notes to the Financial Statements - continued |
for the year ended 31 January 2025 |
2. | Accounting policies - continued |
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. |
Fixed asset investment - other loans |
The investment in other loans refers to loan notes. This financial asset is subsequently valued at amortised cost using the effective interest rate method. |
Current asset investments |
Current assets investments relate to listed investments which are subsequently valued for at fair value through profit and loss. The gain recognised in the profit and loss for the period totals £51,246 (2024: profit of £2,147). The fair value is ascertained by the stock market and the investment are held as part of trading portfolios. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Tangible fixed assets |
Plant and | Computer |
machinery | equipment | Totals |
£ | £ | £ |
Cost |
At 1 February 2024 |
Additions |
At 31 January 2025 |
Depreciation |
At 1 February 2024 |
Charge for year |
At 31 January 2025 |
Net book value |
At 31 January 2025 |
At 31 January 2024 |
5. | Fixed asset investments |
2025 | 2024 |
£ | £ |
Participating interests |
Other investments not loans |
Other loans |
MABAPA LIMITED (REGISTERED NUMBER: 09949037) |
Notes to the Financial Statements - continued |
for the year ended 31 January 2025 |
5. | Fixed asset investments - continued |
Additional information is as follows: |
Interest in |
associate |
£ |
Cost |
At 1 February 2024 |
Disposals | ( |
) |
At 31 January 2025 | - |
Net book value |
At 31 January 2025 |
At 31 January 2024 |
Investments (neither listed nor unlisted) were as follows: |
2025 | 2024 |
£ | £ |
Other investments | 17,745 | 16,595 |
Other loans |
£ |
At 1 February 2024 |
New in year |
Repayment in year | ( |
) |
At 31 January 2025 |
6. | Debtors: amounts falling due within one year |
2025 | 2024 |
£ | £ |
Trade debtors |
Other debtors |
7. | Current asset investments |
2025 | 2024 |
£ | £ |
Listed investments | 705,102 | 632,057 |
8. | Creditors: amounts falling due within one year |
2025 | 2024 |
£ | £ |
Tax | ( |
) |
Other creditors |
Directors' current accounts | 385,382 | 372,181 |
MABAPA LIMITED (REGISTERED NUMBER: 09949037) |
Notes to the Financial Statements - continued |
for the year ended 31 January 2025 |
9. | Called up share capital |
Allotted, issued and fully paid: |
Number: |
Class: |
Nominal Value: |
£ |
50 | Ordinary A | 1.00 | 50 |
50 | Ordinary B | 1.00 | 50 |
10 | Ordinary C | 1.00 | 10 |
110 |