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REGISTERED NUMBER: SC658294 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Maniqui Nightclub Limited

Maniqui Nightclub Limited (Registered number: SC658294)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Maniqui Nightclub Limited (Registered number: SC658294)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 36,250 42,500
Tangible assets 5 481,297 517,418
517,547 559,918

CURRENT ASSETS
Stocks 7,750 10,000
Debtors 6 - 4,513
Cash at bank and in hand 2,740 20,074
10,490 34,587
CREDITORS
Amounts falling due within one year 7 (75,071 ) (82,689 )
NET CURRENT LIABILITIES (64,581 ) (48,102 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

452,966

511,816

CREDITORS
Amounts falling due after more than one year 8 (410,096 ) (399,796 )

PROVISIONS FOR LIABILITIES (17,158 ) (25,201 )
NET ASSETS 25,712 86,819

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 25,709 86,816
25,712 86,819

Maniqui Nightclub Limited (Registered number: SC658294)

Balance Sheet - continued
31 March 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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 20 September 2023 and were signed on its behalf by:





Mr Steven Dougall - Director


Maniqui Nightclub Limited (Registered number: SC658294)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Maniqui Nightclub Limited is a private company, limited by shares, domiciled in Scotland, registration number SC658294. The registered office is Unit 1 Dollar Industrial Estate, Falkirk, United Kingdom, FK2 7YS

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 net invoiced sales generated in respect of nightclub activities, excluding value added tax. Sales are recognised at the point at which the service is complete.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

Taxation
Taxation for the year 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.


Maniqui Nightclub Limited (Registered number: SC658294)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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 year 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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 50,000
AMORTISATION
At 1 April 2022 7,500
Charge for year 6,250
At 31 March 2023 13,750
NET BOOK VALUE
At 31 March 2023 36,250
At 31 March 2022 42,500

Maniqui Nightclub Limited (Registered number: SC658294)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 413,750 133,374 547,124
Additions - 1,123 1,123
At 31 March 2023 413,750 134,497 548,247
DEPRECIATION
At 1 April 2022 12,412 17,294 29,706
Charge for year 10,344 26,900 37,244
At 31 March 2023 22,756 44,194 66,950
NET BOOK VALUE
At 31 March 2023 390,994 90,303 481,297
At 31 March 2022 401,338 116,080 517,418

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors - 4,513

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors - 33,267
Taxation and social security 3,744 12,420
Other creditors 71,327 37,002
75,071 82,689

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Amounts owed to related parties 410,096 399,796

9. RELATED PARTY DISCLOSURES

Entities under common control
At the year end, the company owed £410,096 (2022: £399,796) to related parties.