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REGISTERED NUMBER: 01082277 (England and Wales)



















MANYHILL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






MANYHILL LIMITED (REGISTERED NUMBER: 01082277)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MANYHILL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mr A Edel
Mr M Gross





SECRETARY: Mr A Edel





REGISTERED OFFICE: 37/38 Hatton Garden
London
EC1N 8EB





REGISTERED NUMBER: 01082277 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS

MANYHILL LIMITED (REGISTERED NUMBER: 01082277)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 10,692 11,174

CURRENT ASSETS
Stocks 6 566,660 540,200
Debtors 7 307,518 316,598
Cash at bank and in hand 4,735 62,025
878,913 918,823
CREDITORS
Amounts falling due within one year 8 670,473 664,867
NET CURRENT ASSETS 208,440 253,956
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,132

265,130

CREDITORS
Amounts falling due after more than one
year

9

118,686

135,812
NET ASSETS 100,446 129,318

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 100,444 129,316
SHAREHOLDERS' FUNDS 100,446 129,318

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

MANYHILL LIMITED (REGISTERED NUMBER: 01082277)

BALANCE SHEET - continued
30 SEPTEMBER 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2024 and were signed on its behalf by:





Mr M Gross - Director


MANYHILL LIMITED (REGISTERED NUMBER: 01082277)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Manyhill Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Office equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

MANYHILL LIMITED (REGISTERED NUMBER: 01082277)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Office
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 October 2022
and 30 September 2023 8,768 6,500 53,243 18,678 87,189
DEPRECIATION
At 1 October 2022 - 4,796 52,569 18,650 76,015
Charge for year - 341 135 6 482
At 30 September 2023 - 5,137 52,704 18,656 76,497
NET BOOK VALUE
At 30 September 2023 8,768 1,363 539 22 10,692
At 30 September 2022 8,768 1,704 674 28 11,174

6. STOCKS
2023 2022
£    £   
Stocks 566,660 540,200

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 138,438 162,518
Other debtors 169,080 154,080
307,518 316,598

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 40,503 16,480
Trade creditors 247,541 272,137
Taxation and social security 34,973 46,132
Other creditors 347,456 330,118
670,473 664,867

MANYHILL LIMITED (REGISTERED NUMBER: 01082277)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 118,686 135,812

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by
instalments

51,474

69,892

10. LEASING AGREEMENTS
The company had annual commitments under non cancellable operating leases of £60,000 per annum.

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft 23,700 -
Bank loans 135,489 152,292
159,189 152,292

A bank loan of £97,526 (2022: £108,794) included above are secured by a fixed and floating charge over the undertaking and all property and assets.

12. RELATED PARTY DISCLOSURES

Other creditors include amounts aggregating £Nil (2022: £247,047) due to a related company under common control.