Company registration number: 04889008
Unaudited financial statements
for the year ended 31 March 2024
for
Manh Han Ltd
Pages for filing with the Registrar
Company registration number: 04889008
Manh Han Ltd
Balance sheet
as at 31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 1,893,893 640,120
Investment property 5 317,035 317,035
2,210,928 957,155
Current assets
Stocks 190,000 100,000
Debtors 233,376 334,123
Cash at bank and in hand 570,210 1,521,513
993,586 1,955,636
Creditors: amounts falling due within
one year
(237,229) (247,034)
Net current assets 756,357 1,708,602
Total assets less current liabilities 2,967,285 2,665,757
NET ASSETS 2,967,285 2,665,757
Capital and reserves
Called up share capital 5 5
Profit and loss account 2,967,280 2,665,752
TOTAL EQUITY 2,967,285 2,665,757
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 04889008
Manh Han Ltd
Balance sheet - continued
as at 31 March 2024
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 to the Registrar.
Signed by:
Mr M Han, Director
26 November 2024
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Manh Han Ltd
Notes to the financial statements
for the year ended 31 March 2024
1 Company information
Manh Han Ltd is a private company registered in England and Wales. Its registered number is 04889008. The company is limited by shares. Its registered office is Manh Han Ltd, 38, Hallmark Trading Estate, Fourth Way, Wembley, Middlesex, HA9 0LB.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - The Freehold Properties are held at historical costs.
Plant and machinery etc.:
Plant and machinery - 25% reducing balance
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
3
Manh Han Ltd
Notes to the financial statements - continued
for the year ended 31 March 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 3 (2023 - 3).
4 Tangible fixed assets
Land and
buildings
Plant and
machinery
etc.
Totals
£ £ £
Cost
At 1 April 2023 616,048 35,086 651,134
Additions 1,260,480 216 1,260,696
At 31 March 2024 1,876,528 35,302 1,911,830
Depreciation
At 1 April 2023 - 11,014 11,014
Charge for year - 6,923 6,923
At 31 March 2024 - 17,937 17,937
Net book value
At 31 March 2024 1,876,528 17,365 1,893,893
At 31 March 2023 616,048 24,072 640,120
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Manh Han Ltd
Notes to the financial statements - continued
for the year ended 31 March 2024
5 Investment property
£
Valuation
At 1 April 2023 317,035
At 31 March 2024 317,035
6 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023.
2024 2023
£ £
Mr Manh Han
Balance outstanding at start of year 96,625 (20,852)
Amounts advanced 54,717 117,477
Balance outstanding at end of year 151,342 96,625
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