Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activitytrue2023-01-01false1112trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 6939060 2023-01-01 2023-12-31 6939060 2022-01-01 2022-12-31 6939060 2023-12-31 6939060 2022-12-31 6939060 2022-01-01 6939060 c:Director1 2023-01-01 2023-12-31 6939060 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 6939060 d:Buildings d:ShortLeaseholdAssets 2023-12-31 6939060 d:Buildings d:ShortLeaseholdAssets 2022-12-31 6939060 d:FurnitureFittings 2023-01-01 2023-12-31 6939060 d:FurnitureFittings 2023-12-31 6939060 d:FurnitureFittings 2022-12-31 6939060 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 6939060 d:OfficeEquipment 2023-01-01 2023-12-31 6939060 d:OfficeEquipment 2023-12-31 6939060 d:OfficeEquipment 2022-12-31 6939060 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 6939060 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 6939060 d:CurrentFinancialInstruments 2023-12-31 6939060 d:CurrentFinancialInstruments 2022-12-31 6939060 d:Non-currentFinancialInstruments 2023-12-31 6939060 d:Non-currentFinancialInstruments 2022-12-31 6939060 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 6939060 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 6939060 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 6939060 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 6939060 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 6939060 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 6939060 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 6939060 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 6939060 d:ShareCapital 2023-12-31 6939060 d:ShareCapital 2022-12-31 6939060 d:RetainedEarningsAccumulatedLosses 2023-12-31 6939060 d:RetainedEarningsAccumulatedLosses 2022-12-31 6939060 c:FRS102 2023-01-01 2023-12-31 6939060 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 6939060 c:FullAccounts 2023-01-01 2023-12-31 6939060 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 6939060 2 2023-01-01 2023-12-31 6939060 6 2023-01-01 2023-12-31 6939060 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 6939060 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 6939060 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 6939060









MANASIAN & CO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
MANASIAN & CO LIMITED
REGISTERED NUMBER: 6939060

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
29,727
26,083

Investments
 5 
100,000
100,000

  
129,727
126,083

Current assets
  

Stocks
 6 
6,006
1,902

Debtors: amounts falling due within one year
 7 
1,077,363
1,103,599

Cash at bank and in hand
  
1,002,575
608,768

  
2,085,944
1,714,269

Creditors: amounts falling due within one year
 8 
(1,930,022)
(982,635)

Net current assets
  
 
 
155,922
 
 
731,634

Total assets less current liabilities
  
285,649
857,717

Creditors: amounts falling due after more than one year
 9 
(85,097)
(175,000)

Provisions for liabilities
  

Deferred tax
 11 
(7,120)
(4,803)

  
 
 
(7,120)
 
 
(4,803)

Net assets
  
193,432
677,914


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
193,332
677,814

  
193,432
677,914


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question 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 financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Page 1

 
MANASIAN & CO LIMITED
REGISTERED NUMBER: 6939060
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 August 2024.




................................................
K Manasian
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
MANASIAN & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Manasian & Co Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 1 The Green, Richmond, Surrey, TW9 1PL.
The principle activity of the business is providing strategic brand consultancy.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
MANASIAN & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
MANASIAN & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

S/Term Leasehold Property
-
3
years
Fixtures & fittings
-
4
years
Office equipment
-
3
years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
MANASIAN & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

  
2.12

Research and development

IIn the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred.
Development expenditure is recognised as an expense when incurred and is not capitalised.

 
2.13

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.14

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.15

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.16

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.

 
2.17

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
MANASIAN & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.18

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2022 - 12).


4.


Tangible fixed assets





S/Term Leasehold Property
Fixtures & fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
52,876
51,903
137,213
241,992


Additions
1,251
4,552
20,695
26,498



At 31 December 2023

54,127
56,455
157,908
268,490



Depreciation


At 1 January 2023
49,114
45,623
121,172
215,909


Charge for the year on owned assets
4,358
5,074
13,422
22,854



At 31 December 2023

53,472
50,697
134,594
238,763



Net book value



At 31 December 2023
655
5,758
23,314
29,727



At 31 December 2022
3,762
6,280
16,041
26,083

Page 7

 
MANASIAN & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 January 2023
100,000



At 31 December 2023
100,000





6.


Stocks

2023
2022
£
£

Work in progress
6,006
1,902

6,006
1,902



7.


Debtors

2023
2022
£
£


Trade debtors
674,486
1,089,715

Amounts owed by group undertakings
368,001
-

Other debtors
2,043
4,054

Prepayments and accrued income
32,833
9,830

1,077,363
1,103,599


Page 8

 
MANASIAN & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
87,500
87,500

Trade creditors
235,517
228,440

Corporation tax
4,442
478,287

Other taxation and social security
45,592
144,644

Other creditors
28,787
33,569

Accruals and deferred income
1,528,184
10,195

1,930,022
982,635


2023
2022
£
£

Other taxation and social security

PAYE/NI control
27,384
56,938

VAT control
18,208
87,706

45,592
144,644



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
85,097
175,000

85,097
175,000


Page 9

 
MANASIAN & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Other loans
87,500
87,500


87,500
87,500

Amounts falling due 1-2 years

Other loans
76,082
87,500


76,082
87,500

Amounts falling due 2-5 years

Other loans
9,015
87,500


9,015
87,500


172,597
262,500


Page 10

 
MANASIAN & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Deferred taxation




2023
2022


£

£






At beginning of year
(4,803)
(3,052)


Charged to profit or loss
(2,317)
(1,751)



At end of year
(7,120)
(4,803)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(7,120)
(4,803)


12.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £16,406 (2022 - £92,403). Contributions totalling £5,885 (2022 - £10,667) were payable to the fund at the balance sheet date.


13.


Controlling party

The controlling party of Manasian & Co Limited is Haddam House Limited, the sole shareholder.

 
Page 11