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REGISTERED NUMBER: 01250007 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

MANITEE LIMITED

MANITEE LIMITED (REGISTERED NUMBER: 01250007)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MANITEE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr N S Gahir
Mrs H D Gahir





SECRETARY: Mrs H D Gahir





REGISTERED OFFICE: 106 Alleyn Road
West Dulwich
London
SE21 8AH





REGISTERED NUMBER: 01250007 (England and Wales)






MANITEE LIMITED (REGISTERED NUMBER: 01250007)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 210 272
Investment property 5 100,000 100,000
100,210 100,272

CURRENT ASSETS
Debtors 6 500 500
Cash at bank and in hand 30,536 27,554
31,036 28,054
CREDITORS
Amounts falling due within one year 7 59,775 57,789
NET CURRENT LIABILITIES (28,739 ) (29,735 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,471

70,537

CREDITORS
Amounts falling due after more than one year 8 58,800 58,800
NET ASSETS 12,671 11,737

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Retained earnings 2,671 1,737
SHAREHOLDERS' FUNDS 12,671 11,737

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th October 2024 and were signed on its behalf by:





Mr N S Gahir - Director


MANITEE LIMITED (REGISTERED NUMBER: 01250007)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Manitee Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 01250007 and registered office address is 106 Alleyn Road, West Dulwich, London, SE21 8AH.

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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Turnover
Turnover represents net invoiced sales of goods and services excluding value added tax.

3. EMPLOYEES AND DIRECTORS

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

MANITEE LIMITED (REGISTERED NUMBER: 01250007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 21,964
DEPRECIATION
At 1st April 2023 21,692
Charge for year 62
At 31st March 2024 21,754
NET BOOK VALUE
At 31st March 2024 210
At 31st March 2023 272

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st March 2024 100,000
NET BOOK VALUE
At 31st March 2024 100,000
At 31st March 2023 100,000

Investment property was valued at £100,000 by directors on an open market basis on 31st March 2024.

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2015 (75,414 )
Valuation in 2023 (20,000 )
Cost 195,414
100,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 500 500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 570 553
Other creditors 59,205 57,236
59,775 57,789

Other creditors include £4,624 remaining in dilapidation account brought forward from the previous year.

MANITEE LIMITED (REGISTERED NUMBER: 01250007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 58,800 58,800

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary Shares £1 10,000 10,000

10. RELATED PARTY DISCLOSURES

1)The Directors have given an unsecured interest free loan of £58,800 to the company which is repayable at the company's option more than one year from the date of the balance sheet.

2) The company owed Mr N.S.Gahir and Mrs H.D.Gahir £37,521and £15,740 respectively at the year end.

11. ULTIMATE CONTROLLING PARTY

The company was controlled by the directors throughout the current and previous period.