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REGISTERED NUMBER: 09939974 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Obeetee Ltd

Previously known as
Manor & Mews Ltd

Obeetee Ltd (Registered number: 09939974)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Obeetee Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R Chatterjee
G Sharma



REGISTERED OFFICE: 2 Craven Road
Ealing
London
W5 2UA



REGISTERED NUMBER: 09939974 (England and Wales)



SENIOR STATUTORY AUDITOR: Ketan Ramesh Patel FCCA



AUDITORS: Merchant Mackinlay Simpson Ltd
Statutory Auditors
2 Craven Road
Ealing
London
W5 2UA

Obeetee Ltd (Registered number: 09939974)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 94,485 98,997
Cash at bank and in hand 8,440 15,780
102,925 114,777
CREDITORS
Amounts falling due within one year 5 29,372 30,335
NET CURRENT ASSETS 73,553 84,442
TOTAL ASSETS LESS CURRENT LIABILITIES 73,553 84,442

CAPITAL AND RESERVES
Called up share capital 6 1,481,000 1,481,000
Retained earnings 7 (1,407,447 ) (1,396,558 )
SHAREHOLDERS' FUNDS 73,553 84,442

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





G Sharma - Director


Obeetee Ltd (Registered number: 09939974)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Obeetee Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover relates to the sale of furniture and commission received as agents.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
The financial statements have been prepared on the basis of going concern, which assumes that the company will be in operational existence for the foreseeable future. The validity of this assumption depends on the company being able to trade profitably in the future and the continued support from the ultimate controlling party. The financial statements do not include any adjustments that would result if such support is withdrawn.

Obeetee Ltd (Registered number: 09939974)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 94,453 94,453
Other debtors 32 4,544
94,485 98,997

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 21,410 21,410
Other creditors 7,962 8,925
29,372 30,335

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,481,000 Ordinary £1 1,481,000 1,481,000

Obeetee Ltd (Registered number: 09939974)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. RESERVES
Retained
earnings
£   

At 1 April 2023 (1,396,558 )
Deficit for the year (10,889 )
At 31 March 2024 (1,407,447 )

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ketan Ramesh Patel FCCA (Senior Statutory Auditor)
for and on behalf of Merchant Mackinlay Simpson Ltd

9. RELATED PARTY DISCLOSURES

Obeetee lnc
At the balance sheet date, the balance due from Obeetee lnc was £Nil (2023: NIL). Obeetee Inc is a fellow subsidiary company of Manor & Mews Ltd.

Manor & Mews Private Limited
At the balance sheet date, the balance due from Manor & Mews Private Limited, India was £94,453 (2023: £94,453). Manor & Mews Private Limited, India is a holding company of Manor & Mews Ltd.