REGISTERED NUMBER: |
Manjake Limited |
Unaudited Financial Statements |
for the Year Ended 30 April 2024 |
REGISTERED NUMBER: |
Manjake Limited |
Unaudited Financial Statements |
for the Year Ended 30 April 2024 |
Manjake Limited (Registered number: 03374507) |
Contents of the Financial Statements |
for the Year Ended 30 April 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Manjake Limited |
Company Information |
for the Year Ended 30 April 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
5 Clarendon Place |
Leamington Spa |
Warwickshire |
CV32 5QL |
Manjake Limited (Registered number: 03374507) |
Balance Sheet |
30 April 2024 |
30.4.24 | 30.4.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings | 11 |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
Manjake Limited (Registered number: 03374507) |
Balance Sheet - continued |
30 April 2024 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Manjake Limited (Registered number: 03374507) |
Notes to the Financial Statements |
for the Year Ended 30 April 2024 |
1. | STATUTORY INFORMATION |
Manjake Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the rents received and receivable for the financial period. It is based on invoices raised for the commercial properties which is then reduced by the rents invoiced in the period in respect of future financial periods. The residential property rents are based on the income received in the period under review. |
Tangible fixed assets |
Plant and machinery | - |
Computer equipment | - |
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. |
Consolidated accounts |
Consolidated accounts have not been prepared as the group qualifies for exemption as a small sized group under S399(1) of the Companies Act 2006. The financial statements therefore only refer to the parent undertaking. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Manjake Limited (Registered number: 03374507) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 May 2023 |
Additions |
At 30 April 2024 |
DEPRECIATION |
At 1 May 2023 |
Charge for year |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 May 2023 |
and 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: 5 Clarendon Place Leamington Spa Warwickshire |
Nature of business: |
% |
Class of shares: | holding |
30.4.24 | 30.4.23 |
£ | £ |
Aggregate capital and reserves |
Manjake Limited (Registered number: 03374507) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
5. | FIXED ASSET INVESTMENTS - continued |
Registered office: 5 Clarendon Place Leamington Spa Warwickshire |
Nature of business: |
% |
Class of shares: | holding |
30.4.24 | 30.4.23 |
£ | £ |
Aggregate capital and reserves |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 May 2023 |
Revaluations | 257,865 |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
The investment properties were valued at the end of the year by the director, Mr P A Jakeman, on an open market basis. Mr Jakeman has several years experience as a property developer and is therefore considered to have sufficient knowledge of the property market to quantify the realisable values of the properties held. |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Trade debtors |
Prepayments and accrued income |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Bank loans and overdrafts |
Amounts owed to group undertakings |
Tax |
Social security and other taxes |
VAT | 4,112 | 5,145 |
Other creditors |
Directors' current accounts | 16,775 | 22,256 |
Accruals & deferred income |
Manjake Limited (Registered number: 03374507) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Bank loans - 2-5 years |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.4.24 | 30.4.23 |
value: | £ | £ |
Ordinary | £0.01 | 1,000 | 1,000 |
11. | RESERVES |
Retained |
earnings |
£ |
At 1 May 2023 |
Profit for the year |
Dividends | ( |
) |
At 30 April 2024 |
Within the profit and loss account reserve is £861,869 that is non-distributable as it relates to the revaluation movement on the investment properties held. There would be a deferred tax liability of £187,363 after unused capital losses in the amount of £299,781 and this has been fully provided within the accounts. |
12. | RELATED PARTY DISCLOSURES |
In prior years the subsidiary company Town & Country Scaffolding (Banbury) Limited made interest-free loans to the company in order to provide finance to fund the purchase of investment properties.The amount outstanding at the year end was £1,000 (2023 £1,000). |
The company had also been involved in the set-up in previous years of Branjake Limited and has given financial assistance to fund its activities. The balance owed to Branjake Limited by the company at the year end was £1,548 (2023 £1,548). |
The Director, Mr P A Jakeman made loans to the company to continue to finance the group activities. The sum owed to Mr P A Jakeman at the year end by the company was £16,775 (2023 £22,256). |
13. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party of the company is deemed to be Mr P. A. Jakeman due to his being the sole director and the majority shareholder. |