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Registered number: 11541689










MANHATTAN ADVISORY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
MANHATTAN ADVISORY LIMITED
REGISTERED NUMBER: 11541689

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
594
792

  
594
792

Current assets
  

Debtors: amounts falling due within one year
 5 
4,175
4,038

Cash at bank and in hand
 6 
1,541
2,276

  
5,716
6,314

Creditors: amounts falling due within one year
 7 
(41,493)
(76,391)

Net current liabilities
  
 
 
(35,777)
 
 
(70,077)

Total assets less current liabilities
  
(35,183)
(69,285)

  

Net liabilities
  
(35,183)
(69,285)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(35,283)
(69,385)

  
(35,183)
(69,285)


Page 1

 
MANHATTAN ADVISORY LIMITED
REGISTERED NUMBER: 11541689
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

The director considers 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 director acknowledges his 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 profit and loss account 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 by:




Y J Magnan
Director

Date: 27 August 2024

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
MANHATTAN ADVISORY LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 September 2021
100
(106,147)
(106,047)


Comprehensive income for the year

Profit for the year
-
36,762
36,762



At 1 September 2022
100
(69,385)
(69,285)


Comprehensive income for the year

Profit for the year
-
34,102
34,102


At 31 August 2023
100
(35,283)
(35,183)


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
MANHATTAN ADVISORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

The company is a private company limited by shares, and is incorporated in England and Wales. The address of its registered office is 14th Floor, 33 Cavendish Square, London W1G 0PW.

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

Going concern

The company made a profit for the year but continues to have net liabilities. The director has provided assurance that he will continue to provide financial support to the company in order for it to meet its liabilities as they fall due.

 
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.

 
2.4

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.

Page 4

 
MANHATTAN ADVISORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

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:

Office equipment
-
25%
Reducing balance
Computer equipment
-
25%
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.

 
2.5

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.

 
2.6

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
MANHATTAN ADVISORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost 


At 1 September 2022
502
2,000
2,502



At 31 August 2023

502
2,000
2,502



Depreciation


At 1 September 2022
343
1,367
1,710


Charge for the year on owned assets
40
158
198



At 31 August 2023

383
1,525
1,908



Net book value



At 31 August 2023
119
475
594



At 31 August 2022
159
633
792


5.


Debtors

2023
2022
£
£


Other debtors
4,175
4,038



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,541
2,276


Page 6

 
MANHATTAN ADVISORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
4,018
3,263

Other creditors
35,049
69,928

Accruals and deferred income
2,426
3,200

41,493
76,391



8.


Related party transactions

At the year end the Company owed the director £35,049 (2022: £69,928). The balance was interest free and there were no fixed repayment terms.

 
Page 7