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Company Registration No. 00954251 (England and Wales)
MAAN & SONS LIMITED Unaudited accounts for the year ended 31 March 2023
MAAN & SONS LIMITED Unaudited accounts Contents
Page
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MAAN & SONS LIMITED Company Information for the year ended 31 March 2023
Directors
S S MAAN G K MAAN A S MAAN R K MANN M K JIVAN MAAN
Secretary
A S Maan
Company Number
00954251 (England and Wales)
Registered Office
80 NEAL STREET COVENT GARDEN LONDON WC2H 9PA
Accountants
G Finlay & Co Office 223a, Building 3 North London Business Park London N11 1GN
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MAAN & SONS LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,951,811 
7,962,120 
Current assets
Inventories
8,750 
8,500 
Debtors
78,146 
61,130 
Cash at bank and in hand
299,461 
125,847 
386,357 
195,477 
Creditors: amounts falling due within one year
(701,606)
(600,164)
Net current liabilities
(315,249)
(404,687)
Total assets less current liabilities
7,636,562 
7,557,433 
Creditors: amounts falling due after more than one year
(1,440,690)
(1,770,525)
Provisions for liabilities
Deferred tax
(432,971)
(432,971)
Net assets
5,762,901 
5,353,937 
Capital and reserves
Called up share capital
67 
67 
Revaluation reserve
1,845,826 
1,845,826 
Capital redemption reserve
33 
33 
Capital contribution reserve
1,533,334 
1,533,334 
Profit and loss account
2,383,641 
1,974,677 
Shareholders' funds
5,762,901 
5,353,937 
For the year ending 31 March 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 26 January 2024 and were signed on its behalf by
S S MAAN Director Company Registration No. 00954251
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MAAN & SONS LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
MAAN & SONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 00954251. The registered office is 80 NEAL STREET, COVENT GARDEN, LONDON, WC2H 9PA.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
1,000 
At 31 March 2023
1,000 
Amortisation
At 1 April 2022
1,000 
At 31 March 2023
1,000 
Net book value
At 31 March 2023
- 
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MAAN & SONS LIMITED Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2022
7,921,163 
223,044 
48,790 
344,853 
8,537,850 
Additions
- 
17,124 
- 
2,940 
20,064 
At 31 March 2023
7,921,163 
240,168 
48,790 
347,793 
8,557,914 
Depreciation
At 1 April 2022
60,469 
205,432 
6,099 
303,730 
575,730 
Charge for the year
- 
8,684 
10,673 
11,016 
30,373 
At 31 March 2023
60,469 
214,116 
16,772 
314,746 
606,103 
Net book value
At 31 March 2023
7,860,694 
26,052 
32,018 
33,047 
7,951,811 
At 31 March 2022
7,860,694 
17,612 
42,691 
41,123 
7,962,120 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
26,045 
16,265 
Other debtors
52,101 
44,865 
78,146 
61,130 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
391,937 
349,281 
Trade creditors
49,332 
39,941 
Taxes and social security
232,347 
170,820 
Other creditors
27,990 
40,122 
701,606 
600,164 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
1,440,690 
1,770,525 
The loan is for a term of 12 years secured by a charge on the companys freehold properties at 78,80 and 82 Neal street WC2H 9PA. At 31st March 2023 there are six years remaining The C.B.I.L loan was received in 2020 and is secured by a debenture charge filed at the land registry and also registered at the companies house.It is repayable over six years .
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MAAN & SONS LIMITED Notes to the Accounts for the year ended 31 March 2023
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
52 52 B Ordinary shares of £1 each
52 
52 
15 15 A Ordinary shares of £1 each
15 
15 
67 
67 
10
Pension commitments
Contributions in respect of the companys defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end
11
Contingent liabilities
There are no contingent liabilities
12
Loans to directors
At the end of the year the directors loan accounts outstanding was £36303 (2022 £29168) Interest charged was £799(2022£1082)
13
Average number of employees
During the year the average number of employees was 41 (2022: 35).
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