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Company Registration No. 10623887 (England and Wales)
MAX MANIKAM LIMITED Unaudited Financial Statements for the year ended 28 February 2023
MAX MANIKAM LIMITED Unaudited Financial Statements Contents
Page
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MAX MANIKAM LIMITED Company Information for the year ended 28 February 2023
Directors
M Bin Muhammad Taib A R Binti Asnan N A Muhammad
Company Number
10623887 (England and Wales)
Registered Office
Unit 1 Monks Pond Street Northampton NN1 2LF United Kingdom
Accountants
Adelita Shah Chartered Accountants 1 Monks Pond Street Northampton NN1 2LF
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MAX MANIKAM LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
1,368,695 
1,368,695 
Current assets
Debtors
700 
51,534 
Cash at bank and in hand
561 
8,611 
1,261 
60,145 
Creditors: amounts falling due within one year
(1,404,414)
(1,453,395)
Net current liabilities
(1,403,153)
(1,393,250)
Net liabilities
(34,458)
(24,555)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(34,460)
(24,557)
Shareholders' funds
(34,458)
(24,555)
For the year ending 28 February 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by
M Bin Muhammad Taib Director Company Registration No. 10623887
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MAX MANIKAM LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
MAX MANIKAM LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10623887. The registered office is Unit 1, Monks Pond Street, Northampton, NN1 2LF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33%
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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MAX MANIKAM LIMITED Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2022
6,306 
At 28 February 2023
6,306 
Depreciation
At 1 March 2022
6,306 
At 28 February 2023
6,306 
Net book value
At 28 February 2023
- 
5
Investment property
2023 
£ 
Fair value at 1 March 2022
1,368,695 
At 28 February 2023
1,368,695 
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
50,834 
Other debtors
700 
700 
700 
51,534 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
50,834 
Loans from directors
1,402,661 
1,401,061 
Accruals
1,753 
1,500 
1,404,414 
1,453,395 
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MAX MANIKAM LIMITED Notes to the Accounts for the year ended 28 February 2023
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
M Bin Muhammad Taib
Amount owing to Director
1,401,061 
1,600 
- 
1,402,661 
1,401,061 
1,600 
- 
1,402,661 
The Director, Mr M Bin Muhammad Taib maintains a loan account with the company. At the start of the year the company owed the Director a balance of £1,401,061. During the course of the year Mr M Bin Muhammad Taib further lent the company £1,600. The balance owed to the Director at the end of the year was £1,402,661. All loans made to the company are repayable on demand with 0% interest.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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