Mangata Developments Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14594389

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		18,308		40,564

			18,308		40,564
CURRENT ASSETS
Stocks	5	676,880		383,207
Debtors	6	44,659		59,630
Cash at bank and in hand		2,577		1

		724,116		442,838
Creditors: Amounts Falling Due Within One Year	7	(926,392 )		(674,938 )

NET CURRENT ASSETS (LIABILITIES)			(202,276 )		(232,100 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(183,968 )		(191,536 )

NET LIABILITIES			(183,968 )		(191,536 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(184,068 )		(191,636 )

SHAREHOLDERS' FUNDS			(183,968)		(191,536)

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Mangata Developments Ltd

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Kenny Gray

Director

20/08/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Mangata Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14594389 . The registered office is Sumatra House, 215 West End Lane, West Hampstead, NW6 1XJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% reducing balance base
Fixtures & Fittings	20% reducing balance basis

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

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Mangata Developments Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 February 2025	51,495	2,429	53,924
Disposals	(24,000 )	-	(24,000 )

As at 31 January 2026	27,495	2,429	29,924

Depreciation
As at 1 February 2025	12,874	486	13,360
Provided during the period	3,867	389	4,256
Disposals	(6,000 )	-	(6,000 )

As at 31 January 2026	10,741	875	11,616

Net Book Value
As at 31 January 2026	16,754	1,554	18,308

As at 1 February 2025	38,621	1,943	40,564

5. Stocks

	2026	2025
	£	£
Stock	263,207	263,207
Work in progress	413,673	120,000

	676,880	383,207

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	-	13,500
VAT	12,149	13,620
Amounts owed by group undertakings	32,510	32,510

	44,659	59,630

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Mangata Developments Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	117,163	142,110
Bank loans and overdrafts	-	12,912
Other taxes and social security	3,274	6,982
Other creditors	-	42,809
Accruals and deferred income	1,500	1,500
Directors' loan accounts	483,148	152,918
Amounts owed to group undertakings	321,307	315,707

	926,392	674,938

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

Mr K Gray was a director and shareholder of Mangata Developments Ltd.

Mr K Gray was sole director and shareholder of Mangata GM Ltd. Mangata Developments Ltd owed Mangata GM Ltd at 31 January 2026 £88,490 (2025: £84,390). The company made sales to Mangata GM Ltd of £NIL (2025: £NIL).

Mr K Gray was sole director and shareholder of Mangata CIS Ltd. Mangata Developments Ltd were owed by Mangata CIS Ltd at 31 January 2026 £32,510 (2025: £32,510). The company owed Mangata CIS Ltd £60,068 (2025: £103,328) within trade creditors at the financial year end. The company had other direct costs of £NIL (2025: £319,165) during the financial year.

Mr K Gray was a director and majority shareholder of Radlet Motor Centre Ltd. The company made sales to Radlett Motor Centre Ltd of £NIL (2025: £10,553). The company had services provided from Radlett Motor Centre Ltd of £5,493 (2025: £7,736).

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