Company Registration No. 06329641 (United Kingdom)
MANDORA LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
MANDORA LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
MANDORA LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
25,508
2,332,061
Current assets
Debtors
2,794,632
240,195
Investments
13,707,424
3,660,566
Cash at bank and in hand
2,096,899
247,062
18,598,955
4,147,823
Creditors: amounts falling due within one year
(1,117,799)
(1,561,444)
Net current assets
17,481,156
2,586,379
Total assets less current liabilities
17,506,664
4,918,440
Capital and reserves
Called up share capital
3
299
299
Other reserves
3,243,198
3,243,198
Profit and loss account
14,263,167
1,674,943
Shareholders' funds
17,506,664
4,918,440
For the financial year ended 31 December 2015 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 financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 September 2016
Mr Peter Ferstendik
Director
Company Registration No. 06329641
MANDORA LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for services net of VAT.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
Nil
Computer equipment
25% straight line
Motor vehicles
25% straight line
No depreciation is provided on freehold buildings as it is the company's policy to maintain these assets in a continual state of sound repair and to extend and make improvements from time to time. Accordingly the directors consider that the lives of these assets are sufficiently long and residual values, based upon prices prevailing at the time of acquisition or subsequent valuation, are high enough such that their depreciation is insignificant. Any permanent diminuition in value of such properties is provided for in the profit and loss account.
1.4
Investments
Current asset investments are stated at the lower of cost and net realisable value.
MANDORA LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015
2,362,662
Additions
23,009
Disposals
(2,324,917)
At 31 December 2015
60,754
Depreciation
At 1 January 2015
30,601
On disposals
(10,544)
Charge for the year
15,189
At 31 December 2015
35,246
Net book value
At 31 December 2015
25,508
At 31 December 2014
2,332,061
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2,400 Ordinary shares of 8.3333c each
200
200
612 Ordinary A-Shares of 8.3333c each
51
51
576 Ordinary B-Shares of 8.3333c each
48
48
299
299