Mandarina Ltd is a private company limited by shares, incorporated in England and Wales. The address of its registered office is 22-24 Prince Of Wales Road, London, United Kingdom, NW5 3LG.
These financial statements are the first prepared under FRS 105 (The Financial Reporting Standard applicable to the Micro-entities Regime). The prior year’s financial statements were prepared under FRS 102 Section 1A. The company meets the qualifying conditions of the micro-entities regime and has adopted FRS 105 from this reporting period.
As part of this transition, the revaluation model previously applied to investment property under FRS 102 has been discontinued. The property is now presented as property, plant and equipment and held at cost, less depreciation applied to post-acquisition improvements, down to a residual value equal to the original leasehold purchase cost.
Comparative figures have been restated where necessary to reflect the measurement and classification principles of FRS 105.