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REGISTERED NUMBER: 11097403 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2021 TO 31 MARCH 2022

FOR

MYANA LTD

MYANA LTD (REGISTERED NUMBER: 11097403)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2021 TO 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MYANA LTD

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2021 TO 31 MARCH 2022







DIRECTORS: R Brown
Mrs M J G Brown





REGISTERED OFFICE: Lothing House
7 Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD





REGISTERED NUMBER: 11097403 (England and Wales)





ACCOUNTANTS: Juler Tooke
Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD

MYANA LTD (REGISTERED NUMBER: 11097403)

BALANCE SHEET
31 MARCH 2022

31.3.22 31.12.20
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,886 4,352

CURRENT ASSETS
Debtors 5 13,200 13,200
Cash at bank 8,418 5,677
21,618 18,877
CREDITORS
Amounts falling due within one year 6 (18,349 ) (17,381 )
NET CURRENT ASSETS 3,269 1,496
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,155

5,848

CREDITORS
Amounts falling due after more than one
year

7

(3,836

)

(4,556

)

PROVISIONS FOR LIABILITIES 8 (738 ) (827 )
NET ASSETS 2,581 465

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 2,481 365
SHAREHOLDERS' FUNDS 2,581 465

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MYANA LTD (REGISTERED NUMBER: 11097403)

BALANCE SHEET - continued
31 MARCH 2022


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 June 2022 and were signed on its behalf by:





R Brown - Director


MYANA LTD (REGISTERED NUMBER: 11097403)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2021 TO 31 MARCH 2022

1. STATUTORY INFORMATION

MYANA Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2020 - 2 ) .

MYANA LTD (REGISTERED NUMBER: 11097403)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2021 TO 31 MARCH 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 6,086
Additions 271
At 31 March 2022 6,357
DEPRECIATION
At 1 January 2021 1,734
Charge for period 737
At 31 March 2022 2,471
NET BOOK VALUE
At 31 March 2022 3,886
At 31 December 2020 4,352

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.12.20
£    £   
Other debtors 13,200 13,200

Other debtors is stated at £13,200 which represents an intercompany loan with Innovate Property Group Limited of which the director Mr R Brown is also a director of and listed as a person of significant control.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.12.20
£    £   
Trade creditors 1,450 1,085
Taxation and social security 2,719 3,789
Other creditors 14,180 12,507
18,349 17,381

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.12.20
£    £   
Bank loans 3,836 4,556

8. PROVISIONS FOR LIABILITIES
31.3.22 31.12.20
£    £   
Deferred tax 738 827

MYANA LTD (REGISTERED NUMBER: 11097403)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2021 TO 31 MARCH 2022

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2021 827
Accelerated capital allowances (89 )
Balance at 31 March 2022 738

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.22 31.12.20
value: £    £   
100 Ordinary A £1 100 100

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr & Mrs R Brown.

The ultimate controlling party is Mr & Mrs R Brown.

The company was under the control of the directors Mr R Brown and Mrs M Brown as holders of the entire share capital of the company throughout the period.

The company operates a loan account with the directors and as at the 31 March 2022 the balance was correctly stated at £14,180.