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REGISTERED NUMBER: 06765137 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

MEN UNITED LIMITED

MEN UNITED LIMITED (REGISTERED NUMBER: 06765137)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MEN UNITED LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: R B Elson
V J Elson Smith





REGISTERED OFFICE: Victoria House
26 Queen Victoria Street
Reading
Berkshire
RG1 1TG





REGISTERED NUMBER: 06765137 (England and Wales)

MEN UNITED LIMITED (REGISTERED NUMBER: 06765137)

BALANCE SHEET
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 200 -
Investment property 5 416,690 416,690
416,890 416,690

CURRENT ASSETS
Debtors 6 37,323 127,361
Cash at bank 22,771 25,048
60,094 152,409
CREDITORS
Amounts falling due within one year 7 30,743 29,597
NET CURRENT ASSETS 29,351 122,812
TOTAL ASSETS LESS CURRENT
LIABILITIES

446,241

539,502

CREDITORS
Amounts falling due after more than one
year

8

138,931

246,179
NET ASSETS 307,310 293,323

CAPITAL AND RESERVES
Called up share capital 120 120
Revaluation reserve (96,911 ) (96,911 )
Retained earnings 404,101 390,114
SHAREHOLDERS' FUNDS 307,310 293,323

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

MEN UNITED LIMITED (REGISTERED NUMBER: 06765137)

BALANCE SHEET - continued
30 APRIL 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 February 2024 and were signed on its behalf by:





V J Elson Smith - Director


MEN UNITED LIMITED (REGISTERED NUMBER: 06765137)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Men United Limited is a private company, limited by shares, registered in England and Wales. The registered office is 26 Queen Victoria Street, Reading, Berkshire, RG1 1TG.

The principal activity of the company is that of landlords.

The financial statements are presented in Pound Sterling (£), which is also the functional currency of the company.

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 as modified by the revaluation of certain assets.

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 - 33% on cost

Investment property
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.

Taxation
Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Short term debtors are measured at transaction price, less any impairment. Short term creditors are measured at transaction price.

Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover
Turnover represents rents received from tenants on an accruals basis.

MEN UNITED LIMITED (REGISTERED NUMBER: 06765137)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2022 700
Additions 300
At 30 April 2023 1,000
DEPRECIATION
At 1 May 2022 700
Charge for year 100
At 30 April 2023 800
NET BOOK VALUE
At 30 April 2023 200
At 30 April 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 416,690
NET BOOK VALUE
At 30 April 2023 416,690
At 30 April 2022 416,690

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2023 (96,911 )
Cost 513,601
416,690

MEN UNITED LIMITED (REGISTERED NUMBER: 06765137)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

30.4.23 30.4.22
£    £   
Cost 501,911 501,911

Investment property was valued on an open market basis on 30 April 2023 by the directors .

6. DEBTORS
30.4.23 30.4.22
£    £   
Amounts falling due within one year:
Trade debtors 6,077 2,056
Other debtors 31,246 32,253
37,323 34,309

Amounts falling due after more than one year:
Other debtors - 93,052

Aggregate amounts 37,323 127,361

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 7,154 8,771
Taxation and social security 3,910 1,413
Other creditors 19,679 19,413
30,743 29,597

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans 138,931 246,179

MEN UNITED LIMITED (REGISTERED NUMBER: 06765137)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Bank loans 146,085 254,950

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23 30.4.22
£    £   
R B Elson and V J Elson Smith
Balance outstanding at start of year 93,052 94,572
Amounts repaid (93,052 ) (1,520 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 93,052