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Registered number: 13664999
Manday Bath Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Goldwyns London LLP
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 13664999
31 October 2023 31 October 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 494,243 494,243
494,243 494,243
CURRENT ASSETS
Debtors 4 46,695 13,241
Cash at bank and in hand 14,228 5,048
60,923 18,289
Creditors: Amounts Falling Due Within One Year 5 (198,284 ) (155,779 )
NET CURRENT ASSETS (LIABILITIES) (137,361 ) (137,490 )
TOTAL ASSETS LESS CURRENT LIABILITIES 356,882 356,753
Creditors: Amounts Falling Due After More Than One Year 6 (348,661 ) (348,661 )
NET ASSETS 8,221 8,092
CAPITAL AND RESERVES
Called up share capital 7 2 2
Income Statement 8,219 8,090
SHAREHOLDERS' FUNDS 8,221 8,092
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For the year ending 31 October 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mrs J K Bath
Director
30/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
These financial statements are prepared in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
These financial statements for the year ended 31 October 2023 are the first financial statements of Manday Bath Ltd prepared in accordance with FRS 102 (Section 1A), The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 (Section 1A) was 1 November 2022.  The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.
The financial statements are prepared in UK sterling, which is the financial currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
1.2. Going Concern Disclosure
The directors have considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The directors have also pledged their financial support to assist with this if required. On this basis, the directors will continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.4. Investment Properties
All investment properties are carried at fair value, reviewed every three years and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
1.5. Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it related 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 statement of financial position date.
1.6. Financial Instruments
The company only enters into basic financial transactions that result in the recoginition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other parties, loans to related parties and investments in non- puttable ordinary shares.
1.7. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.8. Critical Accounting Judgements and Key Sources of Estimation Uncertainity
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other soureces. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates amd underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key area of estimation uncertainity that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2022: 2)
2 2
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3. Tangible Assets
Investment Properties
£
Cost
As at 1 November 2022 494,243
As at 31 October 2023 494,243
Net Book Value
As at 31 October 2023 494,243
As at 1 November 2022 494,243
4. Debtors
31 October 2023 31 October 2022
£ £
Due within one year
Amounts due by connected undertakings 46,695 13,241
46,695 13,241
5. Creditors: Amounts Falling Due Within One Year
31 October 2023 31 October 2022
£ £
Corporation tax 1,928 1,898
Accruals and deferred income 28,200 -
Directors' loan accounts 168,156 153,881
198,284 155,779
6. Creditors: Amounts Falling Due After More Than One Year
31 October 2023 31 October 2022
£ £
Bank loans 348,661 348,661
348,661 348,661
7. Share Capital
31 October 2023 31 October 2022
£ £
Allotted, Called up and fully paid 2 2
The nominal value per share is £1 and as at the year-end there are 2 Ordinary shares in issue.
8. Related Party Transactions
The Director's loan account balance of Mr B S Bath of £84,078 as at the year end, is a current liability, interest free and repayable on demand.
The Director's loan account balance of Mrs J K Bath of £84,078 as at the year end, is a current liability, interest free and repayable on demand.
The amount owed by Pagh Vala Ltd a company related via common directorship and ownership, totalled £46,695 as at the year end, which is a current asset, interest free and repayable on demand. 
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9. General Information
Manday Bath Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13664999 . The registered office is 43 Eton Avenue, Hounslow, England, TW5 0HB.
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