Manissan Ltd 09429841 false 2023-03-01 2024-01-31 2024-01-31 The principal activity of the company is a Thai massage parlour Digita Accounts Production Advanced 6.30.9574.0 true true 09429841 2023-03-01 2024-01-31 09429841 2024-01-31 09429841 core:RetainedEarningsAccumulatedLosses 2024-01-31 09429841 core:ShareCapital 2024-01-31 09429841 core:CurrentFinancialInstruments 2024-01-31 09429841 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 09429841 core:Non-currentFinancialInstruments 2024-01-31 09429841 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 09429841 core:FurnitureFittingsToolsEquipment 2024-01-31 09429841 core:LandBuildings 2024-01-31 09429841 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-01-31 09429841 bus:SmallEntities 2023-03-01 2024-01-31 09429841 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-01-31 09429841 bus:FilletedAccounts 2023-03-01 2024-01-31 09429841 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-01-31 09429841 bus:RegisteredOffice 2023-03-01 2024-01-31 09429841 bus:Director1 2023-03-01 2024-01-31 09429841 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-01-31 09429841 core:Buildings 2023-03-01 2024-01-31 09429841 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-01-31 09429841 core:LandBuildings 2023-03-01 2024-01-31 09429841 core:ToolsEquipment 2023-03-01 2024-01-31 09429841 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-03-01 2024-01-31 09429841 countries:EnglandWales 2023-03-01 2024-01-31 09429841 2023-02-28 09429841 core:FurnitureFittingsToolsEquipment 2023-02-28 09429841 core:LandBuildings 2023-02-28 09429841 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-02-28 09429841 2022-03-01 2023-02-28 09429841 2023-02-28 09429841 core:RetainedEarningsAccumulatedLosses 2023-02-28 09429841 core:ShareCapital 2023-02-28 09429841 core:CurrentFinancialInstruments 2023-02-28 09429841 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 09429841 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-02-28 09429841 core:Non-currentFinancialInstruments 2023-02-28 09429841 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 09429841 core:FurnitureFittingsToolsEquipment 2023-02-28 09429841 core:LandBuildings 2023-02-28 09429841 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-02-28 09429841 core:PreviouslyStatedAmount 2023-02-28 09429841 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-03-01 2023-02-28 09429841 2022-02-28 09429841 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-02-28 iso4217:GBP xbrli:pure

Registration number: 09429841

Manissan Ltd

trading as Smile

Unaudited Filleted Financial Statements

for the Period from 1 March 2023 to 31 January 2024

 

Manissan Ltd

trading as Smile

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 9

 

Manissan Ltd

trading as Smile

(Registration number: 09429841)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

130,207

132,886

Investment property

5

124,494

124,494

 

254,701

257,380

Current assets

 

Stocks

6

1,500

1,500

Debtors

7

1,314

423

Cash at bank and in hand

 

495

1,598

 

3,309

3,521

Creditors: Amounts falling due within one year

8

(169,368)

(184,527)

Net current liabilities

 

(166,059)

(181,006)

Total assets less current liabilities

 

88,642

76,374

Creditors: Amounts falling due after more than one year

8

(10,383)

(15,575)

Net assets

 

78,259

60,799

Capital and reserves

 

Called up share capital

2

2

Retained earnings

78,257

60,797

Shareholders' funds

 

78,259

60,799

For the financial period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Manissan Ltd

trading as Smile

(Registration number: 09429841)
Balance Sheet as at 31 January 2024

Approved and authorised by the director on 16 August 2024
 

.........................................
Mrs K Maclean
Director

 

Manissan Ltd

trading as Smile

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
23 Netherhall Road
Doncaster
South Yorkshire
DN1 2PH

These financial statements were authorised for issue by the director on 16 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

 

Manissan Ltd

trading as Smile

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 31 January 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Buildings

20 years on a straight line basis

Equipment

25% per annum on a reducing balance basis

Fixtures and fittings

15% per annum on a reducing balance basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Manissan Ltd

trading as Smile

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 31 January 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

 

Manissan Ltd

trading as Smile

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 31 January 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

152,200

35,937

188,137

Additions

10,125

304

10,429

Disposals

-

(12,338)

(12,338)

At 31 January 2024

162,325

23,903

186,228

Depreciation

At 1 March 2023

34,509

20,742

55,251

Charge for the period

7,486

1,844

9,330

Eliminated on disposal

-

(8,560)

(8,560)

At 31 January 2024

41,995

14,026

56,021

Carrying amount

At 31 January 2024

120,330

9,877

130,207

At 28 February 2023

117,691

15,195

132,886

Included within the net book value of land and buildings above is £120,330 (2023 - £117,691) in respect of freehold land and buildings.
 

5

Investment properties

2024
£

At 1 March

124,494

At 31 January

124,494

There has been no valuation of investment property by an independent valuer.

6

Stocks

2024
£

2023
£

Other inventories

1,500

1,500

 

Manissan Ltd

trading as Smile

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 31 January 2024

7

Debtors

2024
£

2023
£

Prepayments

1,314

423

1,314

423

 

Manissan Ltd

trading as Smile

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 31 January 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

4,450

3,338

Amounts owed to related parties

10

114,903

137,762

Taxation and social security

 

227

-

Corporation tax

 

8,410

3,658

Other creditors

 

1,479

-

Accrued expenses

 

39,899

39,769

 

169,368

184,527

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

10,383

15,575

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

10,383

15,575

Current loans and borrowings

2024
£

2023
£

Bank borrowings

4,450

3,338

 

Manissan Ltd

trading as Smile

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 31 January 2024

10

Related party transactions

Loans from related parties

2024

Entities with joint control or significant influence
£

Total
£

At start of period

74,375

74,375

Advanced

49,300

49,300

Repaid

(49,174)

(49,174)

At end of period

74,501

74,501

2023

Entities with joint control or significant influence
£

Total
£

At start of period

42,162

42,162

Advanced

32,213

32,213

At end of period

74,375

74,375

Terms of loans from related parties

There are no repayment terms and interest is not charged on the balance.