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REGISTERED NUMBER: 03374507 (England and Wales)

















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: P A Jakeman





SECRETARY: Mrs K M Pollock





REGISTERED OFFICE: Unit 12
Shottery Brook Office Park
Timothy's Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NR





REGISTERED NUMBER: 03374507 (England and Wales)





ACCOUNTANTS: Moffat Gilbert
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 1,063 755
Investments 5 1,101 1,101
Investment property 6 2,337,865 2,080,000
2,340,029 2,081,856

CURRENT ASSETS
Debtors 7 9,398 9,355
Cash at bank 34,341 55,115
43,739 64,470
CREDITORS
Amounts falling due within one year 8 213,469 183,838
NET CURRENT LIABILITIES (169,730 ) (119,368 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,170,299

1,962,488

CREDITORS
Amounts falling due after more than one
year

9

-

(25,352

)

PROVISIONS FOR LIABILITIES (187,612 ) (123,065 )
NET ASSETS 1,982,687 1,814,071

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 11 1,981,687 1,813,071
SHAREHOLDERS' FUNDS 1,982,687 1,814,071

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

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


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 director and authorised for issue on 15 January 2025 and were signed by:





P A Jakeman - Director


Manjake Limited (Registered number: 03374507)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Manjake 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. 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Computer equipment - 25% on cost

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 5 (2023 - 5 ) .

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 16,679
Additions 626
At 30 April 2024 17,305
DEPRECIATION
At 1 May 2023 15,924
Charge for year 318
At 30 April 2024 16,242
NET BOOK VALUE
At 30 April 2024 1,063
At 30 April 2023 755

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 1,101
NET BOOK VALUE
At 30 April 2024 1,101
At 30 April 2023 1,101

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Town & Country Scaffolding(Banbury) Limited
Registered office: 5 Clarendon Place Leamington Spa Warwickshire
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
30.4.24 30.4.23
£    £   
Aggregate capital and reserves 1,000 1,000

Manjake Limited (Registered number: 03374507)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. FIXED ASSET INVESTMENTS - continued

Branjake Limited
Registered office: 5 Clarendon Place Leamington Spa Warwickshire
Nature of business: Dormant
%
Class of shares: holding
Ordinary 50.00
30.4.24 30.4.23
£    £   
Aggregate capital and reserves 1,556 1,556

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 2,080,000
Revaluations 257,865
At 30 April 2024 2,337,865
NET BOOK VALUE
At 30 April 2024 2,337,865
At 30 April 2023 2,080,000

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 7,328 7,328
Prepayments and accrued income 2,070 2,027
9,398 9,355

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts - 9,935
Amounts owed to group undertakings 2,548 2,548
Tax 19,192 15,630
Social security and other taxes 22 100
VAT 4,112 5,145
Other creditors 95,724 54,268
Directors' current accounts 16,775 22,256
Accruals & deferred income 75,096 73,956
213,469 183,838

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 - 25,352

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100,000 Ordinary £0.01 1,000 1,000

11. RESERVES
Retained
earnings
£   

At 1 May 2023 1,813,071
Profit for the year 253,917
Dividends (85,301 )
At 30 April 2024 1,981,687

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.