| REGISTERED NUMBER: |
| MANDRAKE BEAUREGARD LIMITED |
| Unaudited Financial Statements |
| for the Year Ended 31 August 2024 |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| Investment property | 5 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 8 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery | - |
| Motor vehicles | - |
| 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Motor |
| machinery | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 September 2023 |
| Additions |
| At 31 August 2024 |
| DEPRECIATION |
| At 1 September 2023 |
| Charge for year |
| At 31 August 2024 |
| NET BOOK VALUE |
| At 31 August 2024 |
| At 31 August 2023 |
| 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 |
| Additions |
| At 31 August 2024 |
| NET BOOK VALUE |
| At 31 August 2024 |
| At 31 August 2023 |
| 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 |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.8.24 | 31.8.23 |
| £ | £ |
| Other creditors |
| 8. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 September 2023 |
| and 31 August 2024 |
| 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. |