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REGISTERED NUMBER: 12394591 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Mahne & Mahne Ltd
(previously known as
M91 Property Group Ltd)

Mahne & Mahne Ltd (Registered number: 12394591)
(previously known as
M91 Property Group Ltd)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Mahne & Mahne Ltd
(previously known as
M91 Property Group Ltd)

Company Information
for the Year Ended 31 January 2024







DIRECTORS: M A B Mahne
B C Mahne





REGISTERED OFFICE: 174 Battersea Park Road
London
SW11 4ND





REGISTERED NUMBER: 12394591 (England and Wales)





ACCOUNTANTS: Roberts York Limited
York House
4A Highfield Gardens
Liss
Hampshire
GU33 7NQ

Mahne & Mahne Ltd (Registered number: 12394591)
(previously known as
M91 Property Group Ltd)

Abridged Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 57,075 87,775
Tangible assets 5 25,530 736
82,605 88,511

CURRENT ASSETS
Debtors 88,032 63,650
Cash at bank 4,214 19,531
92,246 83,181
CREDITORS
Amounts falling due within one year 123,916 115,468
NET CURRENT LIABILITIES (31,670 ) (32,287 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,935

56,224

CREDITORS
Amounts falling due after more than one
year

(36,732

)

(54,981

)

PROVISIONS FOR LIABILITIES (4,851 ) (140 )
NET ASSETS 9,352 1,103

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9,252 1,003
9,352 1,103

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Mahne & Mahne Ltd (Registered number: 12394591)
(previously known as
M91 Property Group Ltd)

Abridged Balance Sheet - continued
31 January 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:





B C Mahne - Director


Mahne & Mahne Ltd (Registered number: 12394591)
(previously known as
M91 Property Group Ltd)

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

1. STATUTORY INFORMATION

Mahne & Mahne 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instrument transactions in accordance with Section 11. Financial assets and liabilities are measured at cost and financial assets are assessed at the end of each reporting period for objective evidence of impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Mahne & Mahne Ltd (Registered number: 12394591)
(previously known as
M91 Property Group Ltd)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 97,000
Disposals (24,556 )
At 31 January 2024 72,444
AMORTISATION
At 1 February 2023 9,225
Amortisation for year 8,894
Eliminated on disposal (2,750 )
At 31 January 2024 15,369
NET BOOK VALUE

At 31 January 2024 57,075
At 31 January 2023 87,775

Mahne & Mahne Ltd (Registered number: 12394591)
(previously known as
M91 Property Group Ltd)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 1,478
Additions 25,500
At 31 January 2024 26,978
DEPRECIATION
At 1 February 2023 742
Charge for year 706
At 31 January 2024 1,448
NET BOOK VALUE
At 31 January 2024 25,530
At 31 January 2023 736

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 25,500
At 31 January 2024 25,500
DEPRECIATION
Charge for year 213
At 31 January 2024 213
NET BOOK VALUE
At 31 January 2024 25,287