Registration number: 04183936

Mango Mercantile Ltd

Contents

Company Information	1
Balance Sheet	2
Statement of Changes in Equity	3
Notes to the Unaudited Financial Statements	4 to 9

Mango Mercantile Ltd

Company Information

Directors

A Feroze L Hamilton

Registered office

590 Green Lanes Palmers Green London N13 5RY

Accountants

Thomas Alexander & Co Ltd 590 Green Lanes Palmers Green London N13 5RY

Mango Mercantile Ltd

(Registration number: 04183936)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	3,936	4,630
Current assets
Debtors	5	218,681	299,263
Cash at bank and in hand		90,527	542,652
		309,208	841,915
Creditors: Amounts falling due within one year	6	(15,091)	(566,282)
Net current assets		294,117	275,633
Total assets less current liabilities		298,053	280,263
Creditors: Amounts falling due after more than one year	6	(3,843)	(8,843)
Net assets		294,210	271,420
Capital and reserves
Called up share capital	7	100	100
Retained earnings		294,110	271,320
Shareholders' funds		294,210	271,420

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 June 2026 and signed on its behalf by:
 

......................................... A Feroze Director

Mango Mercantile Ltd

Statement of Changes in Equity for the Year Ended 30 September 2025

	Share capital £	Retained earnings £	Total £
At 1 October 2024	100	271,320	271,420
Profit for the year	-	22,790	22,790
At 30 September 2025	100	294,110	294,210

	Share capital £	Retained earnings £	Total £
At 1 October 2023	100	247,352	247,452
Profit for the year	-	26,468	26,468
Dividends	-	(2,500)	(2,500)
At 30 September 2024	100	271,320	271,420

Mango Mercantile Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
590 Green Lanes
Palmers Green
London
N13 5RY

The principal place of business is:
4 Mickleton Drive
Evington
Leicester
LE5 6GD

These financial statements were authorised for issue by the Board on 15 June 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Mango Mercantile Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
equipment	15% Reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Mango Mercantile Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Mango Mercantile Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 October 2024	8,138	8,138
At 30 September 2025	8,138	8,138
Depreciation
At 1 October 2024	3,508	3,508
Charge for the year	694	694
At 30 September 2025	4,202	4,202
Carrying amount
At 30 September 2025	3,936	3,936
At 30 September 2024	4,630	4,630

5

Debtors

Current	2025 £	2024 £
Trade debtors	118,225	299,263
Other debtors	100,456	-
	218,681	299,263

Mango Mercantile Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	5,324	5,324
Taxation and social security		6,767	8,339
Accruals and deferred income		3,000	3,000
Other creditors		-	549,619
		15,091	566,282

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	3,843	8,843

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £1 each	100	100	100	100

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	3,843	8,843

Mango Mercantile Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Bank borrowings

Bounce back loan is denominated in Pounds Sterling with a nominal interest rate of 2.5%, and the final instalment is due on 2 June 2027. The carrying amount at year end is £9,167 (2024 - £14,167).

9

Dividends

		2025		2024
		£		£
Interim dividend of £Nil (2024 - £25.00) per ordinary share		-		2,500

10	Related party transactions

Summary of transactions with other related parties

Included in other debtors is an amount of £100,381 owed by Equifyve Limited, a company under common control