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REGISTERED NUMBER: 03849024 (England and Wales)















MANDRAKE BEAUREGARD LIMITED

Unaudited Financial Statements

for the Year Ended 31 August 2024






MANDRAKE BEAUREGARD LIMITED (REGISTERED NUMBER: 03849024)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MANDRAKE BEAUREGARD LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTORS: J McElhiney
R Poissant





REGISTERED OFFICE: Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
CF37 5YR





REGISTERED NUMBER: 03849024 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
Accountants & Business Advisors
Suite 2d,
Building 1 Eastern Business Park
St Mellons
Cardiff
CF3 5EA

MANDRAKE BEAUREGARD LIMITED (REGISTERED NUMBER: 03849024)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 69,614 47,424
Investment property 5 9,001,628 8,915,628
9,071,242 8,963,052

CURRENT ASSETS
Cash at bank 124,859 53,093

CREDITORS
Amounts falling due within one year 6 8,497,657 8,400,851
NET CURRENT LIABILITIES (8,372,798 ) (8,347,758 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

698,444

615,294

CREDITORS
Amounts falling due after more than one year 7 2,493,643 2,547,524
NET LIABILITIES (1,795,199 ) (1,932,230 )

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 2,785,552 2,785,552
Retained earnings (4,580,851 ) (4,717,882 )
SHAREHOLDERS' FUNDS (1,795,199 ) (1,932,230 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 21 May 2025 and were signed on its behalf by:





R Poissant - Director


MANDRAKE BEAUREGARD LIMITED (REGISTERED NUMBER: 03849024)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Mandrake Beauregard Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

The financial statements have been prepared under the going concern basis which assumes that the company's lenders will provide adequate financial resources to maintain it over the next twelve months.

Turnover
Turnover represents income received from the rental of property.

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 - 10% on reducing balance
Motor vehicles - 10% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Non monetary assets and liabilities and 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2023 705,427 14,967 720,394
Additions 29,994 - 29,994
At 31 August 2024 735,421 14,967 750,388
DEPRECIATION
At 1 September 2023 658,003 14,967 672,970
Charge for year 7,804 - 7,804
At 31 August 2024 665,807 14,967 680,774
NET BOOK VALUE
At 31 August 2024 69,614 - 69,614
At 31 August 2023 47,424 - 47,424

MANDRAKE BEAUREGARD LIMITED (REGISTERED NUMBER: 03849024)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 8,915,628
Additions 86,000
At 31 August 2024 9,001,628
NET BOOK VALUE
At 31 August 2024 9,001,628
At 31 August 2023 8,915,628

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2011 2,785,552
Cost 6,216,076
9,001,628

If the investment property had not been revalued it would have been included at the following historical cost:

31.8.24 31.8.23
£    £   
Cost 6,216,076 6,130,076
Aggregate depreciation (824,532 ) (824,532 )

The investment property was valued on an open market basis on 31 August 2021 by the directors .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 9,848 44,751
Other creditors 8,487,809 8,356,100
8,497,657 8,400,851

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Other creditors 2,493,643 2,547,524

8. RESERVES
Revaluation
reserve
£   
At 1 September 2023
and 31 August 2024 2,785,552

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The director, Mr J McElhiney, made a further loan of £131,648 to the company during the year. The outstanding loan at the balance sheet date was £8,481,309 (2023: £8,349,661). The balance of the loan at the balance sheet date reflects the foreign exchange rate at 31 August 2024. No interest is charged on the loan.

MANDRAKE BEAUREGARD LIMITED (REGISTERED NUMBER: 03849024)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

10. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Hasteren Services Limited and the equal shareholders of the parent company, and thus who have ultimate control, are Mr J McElhiney and Mrs J Barnaby.