Company registration number 14681433 (England and Wales)
MONDU UK LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
MONDU UK LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
MONDU UK LTD
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,161
5,414
Current assets
Debtors
4
69,861
60,772
Cash at bank and in hand
148,954
86,905
218,815
147,677
Creditors: amounts falling due within one year
5
(195,148)
(654,620)
Net current assets/(liabilities)
23,667
(506,943)
Total assets less current liabilities
26,828
(501,529)
Creditors: amounts falling due after more than one year
6
(1,144,405)
-
0
Net liabilities
(1,117,577)
(501,529)
Capital and reserves
Called up share capital
7
50,000
50,000
Profit and loss reserves
(1,167,577)
(551,529)
Total equity
(1,117,577)
(501,529)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 16 May 2025 and are signed on its behalf by:
P Povel
Director
Company registration number 14681433 (England and Wales)
MONDU UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Mondu UK Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Cannon Place, 78 Cannon Street, London, EC4N 6AF.

1.1
Reporting period

The financial statements for the previous accounting period were prepared from 28 February 2023 to 31 December 2023. The comparative amounts (including the related notes) presented in the financial statements were for a period of less than one year and therefore not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

As at the balance sheet date, the financial statements show that the company has liabilities in excess of assets of £1,117,577 (2023: £501,529) as a result of losses made to date. The financial statements have been prepared on a going concern basis as fellow group companies have confirmed that they will continue to support the company for the foreseeable future.true

1.4
Turnover

Turnover represents amounts derived from the provision of services which fall within the company's principal activity, stated net of value added tax. Turnover from the rendering of services is recognised when services are rendered, no matter when cash is received.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
3 years straight-line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

MONDU UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the year are included in profit or loss.

MONDU UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
5
3
Tangible fixed assets
Computer equipment
£
Cost
At 1 January 2024 and 31 December 2024
6,761
Depreciation and impairment
At 1 January 2024
1,347
Depreciation charged in the year
2,253
At 31 December 2024
3,600
Carrying amount
At 31 December 2024
3,161
At 31 December 2023
5,414
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
58,485
-
0
Other debtors
11,376
60,772
69,861
60,772
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
16,304
15,968
Taxation and social security
7,788
12,991
Other creditors
171,056
625,661
195,148
654,620
MONDU UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
1,144,405
-
0
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
50,000 ordinary shares of £1 each
50,000
50,000
50,000
50,000
8
Controlling party

The parent undertaking of Mondu UK Limited is Mondu GmbH and its registered office is Unter den Linden 16, 10117 Berlin, Germany.

 

The financial statements of Mondu UK Limited are consolidated in the financial statements of Mondu GmbH.

9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

Senior Statutory Auditor:
Richard Thacker
Statutory Auditor:
Beavis Morgan Audit Limited
Date of audit report:
15 May 2025
10
Related party transactions

At the balance sheet date, the company owed £152,300 (2023: £18,945), £68 (2023: £Nil), and £1,144,405 (2023: £568,337) to Mondu Capital S.à r.l., Mondu Financial Services B.V., and Mondu GmbH, respectively, all of which are group undertakings.

 

At the balance sheet date, the company was owed £58,485 (2023: £Nil) by Mondu Capital S.à r.l., a group undertaking.

 

These companies are related by virtue of common directorship and shareholding.

 

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