Registered number
07473050
Mondrian Alpha Recruitment Solutions Limited
Filleted Accounts
31 December 2024
Mondrian Alpha Recruitment Solutions Limited
Registered number: 07473050
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1,145,624 534,697
Tangible assets 4 100,997 115,014
Investments 5 170,124 1,699,511
1,416,745 2,349,222
Current assets
Debtors 6 2,274,538 1,537,551
Cash at bank and in hand 269,280 790,143
2,543,818 2,327,694
Creditors: amounts falling due within one year 7 (1,449,518) (2,220,169)
Net current assets 1,094,300 107,525
Total assets less current liabilities 2,511,045 2,456,747
Creditors: amounts falling due after more than one year 8 (70,054) (99,036)
Provisions for liabilities (221,828) (71,174)
Net assets 2,219,163 2,286,537
Capital and reserves
Called up share capital 31 31
Share premium 19,980 19,980
Revaluation reserve 9 665,486 213,523
Profit and loss account 1,533,666 2,053,003
Shareholders' funds 2,219,163 2,286,537
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 members have 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 30 September 2025
Mondrian Alpha Recruitment Solutions Limited
Notes to the Accounts
for the year ended 31 December 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.
Intangible fixed assets
Intangible fixed assets are crypto currency initially measured at cost and subsequently measured at fair value. Changes in fair value are included in other comprehensive income. Any deficits in excess of previously accumulated income are included in profit and loss account. As there is an active market of crypto currencies, the asset has an indefinite life and no amortisation is provided.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 34 31
3 Intangible fixed assets
Bitcoin
£
Cost / Value
At 1 January 2024 534,697
Revaluation 610,927
At 31 December 2024 1,145,624
Amortisation
At 31 December 2024 -
Net book value
At 31 December 2024 1,145,624
At 31 December 2023 534,697
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 355,159
Additions 29,523
At 31 December 2024 384,682
Depreciation
At 1 January 2024 240,145
Charge for the year 43,540
At 31 December 2024 283,685
Net book value
At 31 December 2024 100,997
At 31 December 2023 115,014
5 Investments
Other
investments
£
Cost
At 1 January 2024 1,699,511
Additions 4,447
Revaluation (33,190)
Disposals (1,500,644)
At 31 December 2024 170,124
6 Debtors 2024 2023
£ £
Trade debtors 954,146 605,162
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1,242,231 894,228
Other debtors 78,161 38,161
2,274,538 1,537,551
7 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 116,746 94,994
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 205,364
Taxation and social security costs 532,926 941,836
Other creditors 799,846 977,975
1,449,518 2,220,169
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 70,054 99,036
The bank loans are secured by a debenture fixed and floating charge over the the assets of the company.
9 Revaluation reserve 2024 2023
£ £
At 1 January 2024 213,523 82,345
Gain on revaluation of intangible assets 451,963 131,178
At 31 December 2024 665,486 213,523
10 Related party transactions
Other creditors at the year end include amount of £26,521 (2023: £7,672) due to the directors. This comprises Darran Gordois £12,043 (2023: £2,674), Peter Peacock £8,769 (2023: £3,002) and Talal Lashab £5,709 (2023: £1,996). The amounts are unsecured, interest free and repayable on demand.
11 Controlling party
In the opinion of the directors there is no controlling party.
12 Other information
Mondrian Alpha Recruitment Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
34 Dover Street
Mayfair
London W1S 4NG
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