Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30false2022-10-01falseNo description of principal activity89truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03380238 2022-10-01 2023-09-30 03380238 2021-10-01 2022-09-30 03380238 2023-09-30 03380238 2022-09-30 03380238 c:Director3 2022-10-01 2023-09-30 03380238 d:PlantMachinery 2023-09-30 03380238 d:PlantMachinery 2022-09-30 03380238 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-10-01 2023-09-30 03380238 d:MotorVehicles 2022-10-01 2023-09-30 03380238 d:MotorVehicles 2023-09-30 03380238 d:MotorVehicles 2022-09-30 03380238 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-10-01 2023-09-30 03380238 d:FurnitureFittings 2023-09-30 03380238 d:FurnitureFittings 2022-09-30 03380238 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-10-01 2023-09-30 03380238 d:LeasedAssetsHeldAsLessee 2022-10-01 2023-09-30 03380238 d:CurrentFinancialInstruments 2023-09-30 03380238 d:CurrentFinancialInstruments 2022-09-30 03380238 d:Non-currentFinancialInstruments 2023-09-30 03380238 d:Non-currentFinancialInstruments 2022-09-30 03380238 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 03380238 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 03380238 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 03380238 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 03380238 d:ShareCapital 2023-09-30 03380238 d:ShareCapital 2022-09-30 03380238 d:RetainedEarningsAccumulatedLosses 2023-09-30 03380238 d:RetainedEarningsAccumulatedLosses 2022-09-30 03380238 c:OrdinaryShareClass1 2022-10-01 2023-09-30 03380238 c:OrdinaryShareClass1 2023-09-30 03380238 c:FRS102 2022-10-01 2023-09-30 03380238 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 03380238 c:FullAccounts 2022-10-01 2023-09-30 03380238 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 03380238 d:Subsidiary1 2022-10-01 2023-09-30 03380238 d:Subsidiary1 1 2022-10-01 2023-09-30 03380238 d:Subsidiary2 2022-10-01 2023-09-30 03380238 d:Subsidiary2 1 2022-10-01 2023-09-30 03380238 d:Subsidiary3 2022-10-01 2023-09-30 03380238 d:Subsidiary3 1 2022-10-01 2023-09-30 03380238 d:Subsidiary4 2022-10-01 2023-09-30 03380238 d:Subsidiary4 1 2022-10-01 2023-09-30 03380238 6 2022-10-01 2023-09-30 03380238 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 03380238









MANNA MANAGEMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
MANNA MANAGEMENT LIMITED
REGISTERED NUMBER: 03380238

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible Fixed Assets
 4 
50,172
62,715

Investments
 5 
2,500,105
2,500,105

  
2,550,277
2,562,820

Current assets
  

Debtors: amounts falling due within one year
 6 
7,611,578
6,679,222

Cash at bank and in hand
  
109,770
341,489

  
7,721,348
7,020,711

Creditors: amounts falling due within one year
 7 
(362,655)
(348,801)

Net current assets
  
 
 
7,358,693
 
 
6,671,910

Total assets less current liabilities
  
9,908,970
9,234,730

Creditors: amounts falling due after more than one year
 8 
(415,359)
(621,979)

  

Net assets
  
9,493,611
8,612,751


Capital and reserves
  

Called up share capital 
 9 
300,000
300,000

Profit and loss account
  
9,193,611
8,312,751

  
9,493,611
8,612,751


Page 1

 
MANNA MANAGEMENT LIMITED
REGISTERED NUMBER: 03380238
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2023

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.

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 19 August 2024.




V Fieldgrass
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MANNA MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Manna Management Limited is a private company limited by shares registered in England and Wales. The company's registered adress is 103 Hammersmith Road, London, W14 0QH.

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

 
MANNA MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 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.

 
2.5

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.

 
2.6

Borrowing costs

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

 
2.7

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 statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

 
2.8

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
Reducing balance

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.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 4

 
MANNA MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

  
2.10

Debtors

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

  
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.12

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.

  
2.13

Financial instruments

The company only enters into basic financial instrument 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, loans to related parties.

 
2.14

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 8 (2022 - 9).

Page 5

 
MANNA MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 October 2022
133,104
62,890
14,539
210,533



At 30 September 2023

133,104
62,890
14,539
210,533



Depreciation


At 1 October 2022
133,104
175
14,539
147,818


Charge for the year on financed assets
-
12,543
-
12,543



At 30 September 2023

133,104
12,718
14,539
160,361



Net book value



At 30 September 2023
-
50,172
-
50,172



At 30 September 2022
-
62,715
-
62,715

Page 6

 
MANNA MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2022
2,500,105



At 30 September 2023
2,500,105





Subsidiary undertakings


The following were subsidiary undertakings of the company:

Name

Registered office

Class of shares

Holding

The Beautiful Body Company (UK) Limited
England and Wales
Ordinary
100%
Parisian Fashions Limited
England and Wales
Ordinary
100%
EFM (Knightsbridge) Limited
England and Wales
Ordinary
100%
EF Skincare Limited
England and Wales
Ordinary
75%

The aggregate of the share capital and reserves as at 30 September 2023 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)
£
£

The Beautiful Body Company (UK) Limited
(7,266,357)
(1,175,300)

Parisian Fashions Limited
2
-

EFM (Knightsbridge) Limited
(106,545)
(4,545)

EF Skincare Limited
91,086
62,293


6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
7,505,450
6,635,983

Other debtors
25,216
1,537

Prepayments and accrued income
80,912
41,702

7,611,578
6,679,222


Page 7

 
MANNA MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
243,658
219,293

Trade creditors
89,918
58,085

Amounts owed to group undertakings
975
-

Other taxation and social security
5,282
22,746

Obligations under finance lease and hire purchase contracts
12,648
12,648

Other creditors
1,621
2,129

Accruals and deferred income
8,553
33,900

362,655
348,801



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
385,654
582,610

Net obligations under finance leases and hire purchase contracts
29,705
39,369

415,359
621,979



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



300,000 Ordinary shares of £1.00 each
300,000
300,000



10.


Transactions with directors

At the year end £21,679 was owed by a director of the company. The amount was repaid in full within 9 months of the year end.


11.


Related party transactions

As permitted by FRS 102 paragraphs 1.12e and 33.1a, the company has taken advantage of the exemption from disclosing the transactions entered into between two or more members of a group as all subsidary undertakings are wholly-owned by a member of that group.

 
Page 8