Registered number
08481823
Mondrian Alpha Rho Epsilon Limited
Filleted Accounts
31 October 2024
Mondrian Alpha Rho Epsilon Limited
Registered number: 08481823
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 - 96,000
Current assets
Debtors 4 228,600 284,400
Cash at bank and in hand 78,553 105,639
307,153 390,039
Creditors: amounts falling due within one year 5 (307,794) (212,674)
Net current (liabilities)/assets (641) 177,365
Net (liabilities)/assets (641) 273,365
Capital and reserves
Called up share capital 51 51
Profit and loss account (692) 273,314
Shareholder's funds (641) 273,365
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Peter Peacock
Director
Approved by the board on 15 May 2025
Mondrian Alpha Rho Epsilon Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
These financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption is dependent upon the continued support from the company's shareholder. If the company were unable to trade, adjustments would have to be made to reduce the value of the assets to their recoverable amounts and to provide for further liabilities that may arise.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Investments
Other
investments
£
Cost
At 1 November 2023 96,000
Disposals (96,000)
At 31 October 2024 -
4 Debtors 2024 2023
£ £
Trade debtors 228,600 284,400
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 636 -
Taxation and social security costs 64,650 26,203
Other creditors 242,508 186,471
307,794 212,674
6 Related party transactions
Other creditors at the year end include amount of £49,162 (2023: £53,242) due to/from the directors. This compromises:
Darren Gordois £25,601 (2023: £26,062)
Peter Peacock £26,345 (2023: £26,487)
Amounts are unsecured, interest free and repayable on demand.
Talal Lashab £2,784, debtor (2023: £693)
It is the intention of the director to repay the amount within nine months of the company accounts year end.
7 Controlling party
The ultimate controlling party is Ret Sam Limited (Registered in Dubai) by virtue of its holding 100% shares in the company.

Ret Sam Limited is the parent undertaking of the group to consolidate these financial statements.
8 Other information
Mondrian Alpha Rho Epsilon Limited is a private company limited by shares and incorporated in England. Its registered office is:
34 Dover Street
Mayfair
London W1S 4NG
Mondrian Alpha Rho Epsilon Limited 08481823 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts April 2025 Peter Peacock No description of principal activity 08481823 2022-11-01 2023-10-31 08481823 core:WithinOneYear 2023-10-31 08481823 core:ShareCapital 2023-10-31 08481823 core:RetainedEarningsAccumulatedLosses 2023-10-31 08481823 2023-11-01 2024-10-31 08481823 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08481823 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 08481823 bus:Director40 2023-11-01 2024-10-31 08481823 1 2023-11-01 2024-10-31 08481823 2 2023-11-01 2024-10-31 08481823 countries:England 2023-11-01 2024-10-31 08481823 bus:FRS102 2023-11-01 2024-10-31 08481823 bus:FilletedAccounts 2023-11-01 2024-10-31 08481823 2024-10-31 08481823 core:WithinOneYear 2024-10-31 08481823 core:ShareCapital 2024-10-31 08481823 core:RetainedEarningsAccumulatedLosses 2024-10-31 08481823 core:DisposalsRepaymentsInvestments 2024-10-31 08481823 2023-10-31 iso4217:GBP xbrli:pure