Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11877865 Mr Vinicius Gholmie Mr Rafael Vieira Mr Vinicius Gholmie true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11877865 2023-03-31 11877865 2024-03-31 11877865 2023-04-01 2024-03-31 11877865 frs-core:CurrentFinancialInstruments 2024-03-31 11877865 frs-core:ShareCapital 2024-03-31 11877865 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11877865 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11877865 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11877865 frs-bus:SmallEntities 2023-04-01 2024-03-31 11877865 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11877865 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11877865 1 2023-04-01 2024-03-31 11877865 frs-core:UnlistedNon-exchangeTraded 2024-03-31 11877865 frs-core:UnlistedNon-exchangeTraded 2023-03-31 11877865 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 11877865 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 11877865 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 11877865 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 11877865 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 11877865 frs-bus:Director1 2023-04-01 2024-03-31 11877865 frs-bus:Director2 2023-04-01 2024-03-31 11877865 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 11877865 frs-countries:EnglandWales 2023-04-01 2024-03-31 11877865 2022-03-31 11877865 2023-03-31 11877865 2022-04-01 2023-03-31 11877865 frs-core:CurrentFinancialInstruments 2023-03-31 11877865 frs-core:ShareCapital 2023-03-31 11877865 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 11877865
Mantis-Ai Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11877865
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 438,672 357,508
438,672 357,508
CURRENT ASSETS
Debtors 5 2,305,312 340,345
Cash at bank and in hand 83 189,566
2,305,395 529,911
Creditors: Amounts Falling Due Within One Year 6 (1,203,476 ) (1,186,450 )
NET CURRENT ASSETS (LIABILITIES) 1,101,919 (656,539 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,540,591 (299,031 )
NET ASSETS/(LIABILITIES) 1,540,591 (299,031 )
CAPITAL AND RESERVES
Called up share capital 7 1,979,412 1,000
Profit and Loss Account (438,821 ) (300,031 )
SHAREHOLDERS' FUNDS 1,540,591 (299,031)
Page 1
Page 2
For the year ending 31 March 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Vinicius Gholmie
Director
27th March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mantis-Ai Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11877865 . The registered office is 128 City Road, London, EC1V 2NX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.4. Investments - Company
Investments in an unlisted subsidiary company are held at cost less accumulated impairment losses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investments
Unlisted
£
Cost
As at 1 April 2023 357,508
Additions 81,164
As at 31 March 2024 438,672
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 438,672
As at 1 April 2023 357,508
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5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 366,354 339,798
Other debtors 1,938,958 547
2,305,312 340,345
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,728 2,028
Other creditors 1,190,750 1,184,217
Taxation and social security 10,998 205
1,203,476 1,186,450
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,979,412 1,000
8. Related Party Transactions
During the period, and included within Administrative expenses are amounts totalling £86,243 (2023: £84,740) paid to the directors for the provision of consultancy services.
As at the year end and included in Other Debtors is £180,854 (2023: £154,298) owed from iSportistics Portugal LDA, a Portuguese company under common control. This loan is non-interest bearing and repayable on demand.
Also as at the year end and included in Other Debtors is £185,500 (2023: £185,500) owed from iSportistics Servicos De Technologia LTDA, a Brazilian wholly owned subsidiary. This loan is non-interest bearing and repayable on demand.
9. Ultimate Controlling Party
The company has no ultimate controlling party.
Page 4