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REGISTERED NUMBER: 10719723 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Mangenie Limited

Mangenie Limited (Registered number: 10719723)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Mangenie Limited (Registered number: 10719723)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 3,048,033 3,025,589
3,048,033 3,025,589

CURRENT ASSETS
Debtors 6 50,101 491,810
Cash at bank 124,585 116,520
174,686 608,330
CREDITORS
Amounts falling due within one year 7 1,175,829 1,530,936
NET CURRENT LIABILITIES (1,001,143 ) (922,606 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,046,890

2,102,983

CREDITORS
Amounts falling due after more than one year 8 1,612,500 1,612,500
NET ASSETS 434,390 490,483

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 433,390 489,483
434,390 490,483

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

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

Mangenie Limited (Registered number: 10719723)

Statement of Financial Position - continued
31 December 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2025 and were signed on its behalf by:





S Obadia - Director


Mangenie Limited (Registered number: 10719723)

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

1. STATUTORY INFORMATION

Mangenie Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10719723

Registered office: 5th Floor
10 Brook Street
Mayfair
London
W1S 1BG

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.

Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

Mangenie Limited (Registered number: 10719723)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2024
and 31 December 2024 2,651
DEPRECIATION
At 1 January 2024
and 31 December 2024 2,651
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery: 25% straight line

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 3,025,589
Additions 22,444
At 31 December 2024 3,048,033
NET BOOK VALUE
At 31 December 2024 3,048,033
At 31 December 2023 3,025,589

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 30,795 500
Directors' loan accounts - 477,951
VAT - 1,470
Prepayments 19,306 11,881
Accrued income - 8
50,101 491,810

Mangenie Limited (Registered number: 10719723)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 1,086,660 1,507,099
Trade creditors 1,980 2,837
Directors' loan accounts 22,362 -
Accruals and deferred income 51,000 6,492
Accrued expenses 13,827 14,508
1,175,829 1,530,936

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,612,500 1,612,500

9. RELATED PARTY DISCLOSURES

At the end of the year, the following balances were outstanding with related parties:

Included in creditors:

Directors loan account, S Obadia - £22,362
Other loans, Mangenie Sprl Belgium - £1,200,314
Other loans, Mangenie Sarl France - (£113,654)