REGISTERED NUMBER: 08635906 (England and Wales)

Mondial Equine and Stud Management

Limited

Unaudited Financial Statements

for the Year Ended 31st August 2025

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

5

Director:

Ms C Green

Registered office:

Halidon House

17D Windmill Way West

Ramparts Business Park

Berwick Upon Tweed

Northumberland

TD15 1TB

Business address:

Balsdon Grange Farm

Folly Road

Inkpen

Hungerford

Berkshire

R617 9DH

Registered number:

08635906 (England and Wales)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

1,173

296

Current assets

Stocks

26,000

9,000

Debtors

5

-

8,316

Cash at bank

6

6

26,006

17,322

Creditors

Amounts falling due within one year

6

335,535

322,797

Net current liabilities

(309,529

)

(305,475

)

Total assets less current liabilities

(308,356

)

(305,179

)

Creditors

Amounts falling due after more than one year

7

21,606

25,775

Net liabilities

(329,962

)

(330,954

)

Capital and reserves

Called up share capital

1

1

Retained earnings

(329,963

)

(330,955

)

Shareholders' funds

(329,962

)

(330,954

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 28th May 2026 and were signed by:

Ms C Green - Director

1.	Statutory information

Mondial Equine and Stud Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Office equipment

-

25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks

Stock is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and appropriate proportion of fixed and variable overheads. Net realisable value is based on estimated selling prices less further costs expected to be incurred in bringing the stock to completion.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, bank loans, other loans, bank overdraft and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors, trade creditors, other loans, bank overdraft and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss in the Statement of Income and Retained Earnings.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Going concern

The company has a deficit on the balance sheet and relies on the support of its director, which has been confirmed for a period of at least twelve months from the approval of the financial statements. Accordingly the financial statements have been prepared on the going concern basis.

3.	Employees and directors

The average number of employees during the year was NIL (2024 - NIL).

4.	Tangible fixed assets

Plant and

Office

machinery

equipment

Totals

£

£

£

Cost

At 1st September 2024

545

1,475

2,020

Additions

-

1,028

1,028

At 31st August 2025

545

2,503

3,048

Depreciation

At 1st September 2024

249

1,475

1,724

Charge for year

44

107

151

At 31st August 2025

293

1,582

1,875

Net book value

At 31st August 2025

252

921

1,173

At 31st August 2024

296

-

296

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

-

8,316

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

23,220

19,939

Trade creditors

89,388

91,538

Taxation and social security

5,298

12,638

Other creditors

217,629

198,682

335,535

322,797

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

21,606

25,775