Registered number
12060503
Mandarin Duck Limited
Filleted Accounts
25 June 2024
Mandarin Duck Limited
Registered number: 12060503
Balance Sheet
as at 25 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,261,584 2,261,584
Current assets
Cash at bank and in hand 4,201 4,598
Creditors: amounts falling due within one year 4 (59,152) (59,152)
Net current liabilities (54,951) (54,554)
Total assets less current liabilities 2,206,633 2,207,030
Creditors: amounts falling due after more than one year 5 (2,215,545) (2,227,674)
Net liabilities (8,912) (20,644)
Capital and reserves
Called up share capital 100 100
Profit and loss account (9,012) (20,744)
Shareholder's funds (8,912) (20,644)
The director is 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 director acknowledges his 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.
Julian Murphy
Director
Approved by the board on 18 June 2025
Mandarin Duck Limited
Notes to the Accounts
for the period from 27 June 2023 to 25 June 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).
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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 27 June 2023 2,261,584
At 25 June 2024 2,261,584
Depreciation
At 25 June 2024 -
Net book value
At 25 June 2024 2,261,584
At 26 June 2023 2,261,584
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 59,152 59,152
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,376,349 1,381,684
Trade creditors 300 300
Other creditors 838,896 845,690
2,215,545 2,227,674
6 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 1,440,836 1,440,836
Secured bank loans 1,440,836 1,440,836
The bank loan is secured against the Land and Buildings owned by the company. The loan is an interest only loan, repayable over the period until October 2029.
7 Controlling party
The company is controlled by the director of the company, J Murphy.
8 Other information
Mandarin Duck Limited is a private company limited by shares and incorporated in England. Its registered office is:
133 Kennington Park Road
London
SE11 4JJ
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