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REGISTERED NUMBER: 03888341 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

MANTIS WORLD LIMITED

MANTIS WORLD LIMITED (REGISTERED NUMBER: 03888341)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MANTIS WORLD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: P Bhardwaj
R Spiller



SECRETARY: A Hagfeldt



REGISTERED OFFICE: 1 Doughty Street
London
WC1N 2PH



REGISTERED NUMBER: 03888341 (England and Wales)



BANKERS: HSBC Bank Plc
584 High Road Wembley
Middlesex
HA0 2DB

MANTIS WORLD LIMITED (REGISTERED NUMBER: 03888341)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 47
Tangible assets 5 21,909 29,082
21,910 29,129

CURRENT ASSETS
Stocks 827,476 1,361,578
Debtors 6 1,795,786 1,942,741
Cash at bank and in hand 22,880 10,694
2,646,142 3,315,013
CREDITORS
Amounts falling due within one year 7 65,702 172,496
NET CURRENT ASSETS 2,580,440 3,142,517
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,602,350

3,171,646

CREDITORS
Amounts falling due after more than one year 8 1,510,350 1,836,645
NET ASSETS 1,092,000 1,335,001

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Capital redemption reserve 1,000 1,000
Retained earnings 1,087,000 1,330,001
SHAREHOLDERS' FUNDS 1,092,000 1,335,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

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.

MANTIS WORLD LIMITED (REGISTERED NUMBER: 03888341)

BALANCE SHEET - continued
31ST DECEMBER 2024


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 Board of Directors and authorised for issue on 12th March 2025 and were signed on its behalf by:





P Bhardwaj - Director


MANTIS WORLD LIMITED (REGISTERED NUMBER: 03888341)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024


1. STATUTORY INFORMATION

Mantis World Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 03888341 and registered office address is 1 Doughty Street, London, WC1N 2PH.

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 represents the value of sales of goods, excluding value added tax and net of discounts. Sales are recognised when risks and rewards of ownership are transferred to the buyer. This is usually when the goods are physically delivered to the customer.
Turnover also includes commission and charges payable for services rendered to an associate undertaking on an open market arms length basis. Income is recognised when services are rendered.

Intangible assets
The costs of registering trade marks, patents and licences are capitalised and amortised over the lesser of registration period and their estimated useful lives. Trade marks, patents and licences included in the balance sheet are being amortised on a straight line basis over 10 years.

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 machinery etc - 33% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 13 ) .

MANTIS WORLD LIMITED (REGISTERED NUMBER: 03888341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st January 2024
and 31st December 2024 46,863
AMORTISATION
At 1st January 2024 46,816
Charge for year 46
At 31st December 2024 46,862
NET BOOK VALUE
At 31st December 2024 1
At 31st December 2023 47

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2024
and 31st December 2024 250,409
DEPRECIATION
At 1st January 2024 221,327
Charge for year 7,173
At 31st December 2024 228,500
NET BOOK VALUE
At 31st December 2024 21,909
At 31st December 2023 29,082

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 60,405 58,833
Other debtors 1,735,381 1,883,908
1,795,786 1,942,741

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 36,972 132,061
Taxation and social security 9,671 7,245
Other creditors 19,059 33,190
65,702 172,496

MANTIS WORLD LIMITED (REGISTERED NUMBER: 03888341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 1,510,350 1,836,645

9. RELATED PARTY DISCLOSURES

The director, Ms P Bhardwaj has given a personal guarantee to the bank to secure the banking facilities on behalf of the company. She also has provided an interest bearing loan of £1,000,000 to the company. The balance due to her at the year end was £680,000 (2023 : £1,017,078). The director obtained a personal loan secured by a charge over her home to provide this loan to the company.

10. ULTIMATE CONTROLLING PARTY

The company was under the control of the majority shareholder and director, Ms Prama Bhardwaj throughout the current and previous year.