MADHAV-MEENAKSHI MANAGEMENT LIMITED Filleted Accounts Cover
MADHAV-MEENAKSHI MANAGEMENT LIMITED
Company No. 11373884
Information for Filing with The Registrar
31 May 2023
MADHAV-MEENAKSHI MANAGEMENT LIMITED Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 May 2023.
Principal activities
The principal activity of the company during the year under review was Letting and operating of leased real estate.
Directors
The Directors who served at any time during the year were as follows:
A. Mishra
M. Mishra
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
A. Mishra
Director
08 February 2024
MADHAV-MEENAKSHI MANAGEMENT LIMITED Balance Sheet Registrar
at
31 May 2023
Company No.
11373884
Notes
2023
2022
£
£
Fixed assets
Investment property
4
815,971815,971
815,971815,971
Current assets
Cash at bank and in hand
18,24317,351
18,24317,351
Creditors: Amount falling due within one year
5
(268,128)
(263,520)
Net current liabilities
(249,885)
(246,169)
Total assets less current liabilities
566,086569,802
Creditors: Amounts falling due after more than one year
6
(583,125)
(583,125)
Net liabilities
(17,039)
(13,323)
Capital and reserves
Called up share capital
100100
Profit and loss account
7
(17,139)
(13,423)
Total equity
(17,039)
(13,323)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 May 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 08 February 2024
And signed on its behalf by:
A. Mishra
Director
08 February 2024
MADHAV-MEENAKSHI MANAGEMENT LIMITED Notes to the Accounts Registrar
for the year ended 31 May 2023
1
General information
Its registered number is: 11373884
Its registered office is:
8 Ruffets Wood
Kingsnorth
Ashford
TN23 3QQ
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Investment property
Freehold Investment Property
£
Valuation
At 1 June 2022
815,971
At 31 May 2023
815,971
5
Creditors:
amounts falling due within one year
2023
2022
£
£
Loans from directors
224,629220,021
Other creditors
43,00043,000
Accruals and deferred income
499499
268,128263,520
6
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
583,125583,125
583,125583,125
Liabilities repayable in more than five years after the balance sheet date
Amount repayable otherwise than by instalments
583,125
583,125
583,125583,125
Terms of the Bank loan is 15 years and secured on 3 freehold properties.
7
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
8
Related party disclosures
2023
2022
Transactions with related parties
£
£
Name of related party
Alok Mishra
Description of relationship between the parties
Director
Description of transaction and general amounts involved
Loan
Amount due from/(to) the related party
(128,851)
(124,243)
Name of related party
Meenakshi Mishra
Description of relationship between the parties
Director
Description of transaction and general amounts involved
Loan
Amount due from/(to) the related party
(95,777)
(95,777)
Name of related party
Anchika Mishra
Description of relationship between the parties
Shareholder
Description of transaction and general amounts involved
Loan
Amount due from/(to) the related party
(43,000)
(43,000)
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