Mandalus Ltd
Statement of financial position
as at 31 March 2025
Investment property
492,172
492,172
Cash at bank and in hand
1,447
6,561
Creditors: amounts falling due within one year
(151,855)
(150,732)
Net current liabilities
(145,296)
(144,171)
Total assets less current liabilities
346,876
348,001
Creditors: amounts falling due after more than one year
(350,853)
(340,630)
Net (liabilities)/assets
(3,977)
7,371
Profit and loss account
(3,977)
7,371
Shareholders' funds
(3,977)
7,371
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 December 2025 and were signed on its behalf by
Marcel Desmily
Director
Company Registration No. 11613104
Mandalus Ltd
Notes to the Accounts
for the year ended 31 March 2025
Mandalus Ltd is a private company, limited by shares, registered in England and Wales, registration number 11613104. The registered office is 35 HUBERT GROVE, GROUND FLOOR FLAT, LONDON, SW9 9PA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Average number of employees
During the year the average number of employees was 1 (2024: 1).