1 January 2024 false No description of principal activity Taxfiler 2024.6 13088838business:PrivateLimitedCompanyLtd2024-01-012024-12-31 130888382023-12-31 130888382024-01-012024-12-31 13088838business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 13088838business:FilletedAccounts2024-01-012024-12-31 130888382024-12-31 130888382023-12-31 13088838core:WithinOneYear2024-12-31 13088838core:WithinOneYear2023-12-31 13088838core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 13088838core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 13088838core:SharePremiumcore:PreviouslyStatedAmount2024-12-31 13088838core:SharePremiumcore:PreviouslyStatedAmount2023-12-31 13088838core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 13088838core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 13088838core:PreviouslyStatedAmount2024-12-31 13088838core:PreviouslyStatedAmount2023-12-31 13088838business:SmallEntities2024-01-012024-12-31 13088838business:Director12024-01-012024-12-31 13088838countries:EnglandWales2024-01-012024-12-31 13088838business:RegisteredOffice2024-01-012024-12-31 13088838core:FurnitureFittings2024-01-012024-12-31 13088838core:ComputerEquipment2024-01-012024-12-31 13088838core:FurnitureFittings2023-12-31 13088838core:ComputerEquipment2023-12-31 13088838core:FurnitureFittings2024-12-31 13088838core:ComputerEquipment2024-12-31 13088838business:Director112024-01-012024-12-31 13088838business:Director112023-12-31 13088838business:Director112024-12-31 13088838business:Director22024-01-012024-12-31 13088838business:Director222024-01-012024-12-31 13088838business:Director222023-12-31 13088838business:Director222024-12-31 130888382023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 13088838 (England and Wales)
Manantial Ltd Unaudited accounts for the year ended 31 December 2024
Manantial Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,797 
9,562 
Investments
2,893 
2,893 
9,690 
12,455 
Current assets
Debtors
62,119 
92,504 
Cash at bank and in hand
306,344 
1,551,520 
368,463 
1,644,024 
Creditors: amounts falling due within one year
(115,657)
(51,968)
Net current assets
252,806 
1,592,056 
Net assets
262,496 
1,604,511 
Capital and reserves
Called up share capital
4 
4 
Share premium
3,653,438 
3,653,438 
Profit and loss account
(3,390,946)
(2,048,931)
Shareholders' funds
262,496 
1,604,511 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 January 2025 and were signed on its behalf by
Dilanka Sasindra Kalutota Director Company Registration No. 13088838
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Manantial Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Manantial Ltd is a private company, limited by shares, registered in England and Wales, registration number 13088838. The registered office is Boston House, Grove Business Park, Downsview Road, Wantage , Oxfordshire, OX12 9FF.
2
Compliance with accounting standards
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is requires to show a true and fair view.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The financial statement have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
Presentation currency
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Reporting period
The accounts have been prepared from 01 January 2024 - 31 December 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds. The pension cost charge represents contributions payable by the Company to the fund and amounted to £7,902.21 (2023 - £5,823.51).
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
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Manantial Ltd Notes to the Accounts for the year ended 31 December 2024
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measures at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment are recognised immediately in profit or loss. A subsidiary is an entity controlled by the company. control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
1,310 
20,311 
21,621 
Additions
492 
3,028 
3,520 
At 31 December 2024
1,802 
23,339 
25,141 
Depreciation
At 1 January 2024
585 
11,474 
12,059 
Charge for the year
451 
5,834 
6,285 
At 31 December 2024
1,036 
17,308 
18,344 
Net book value
At 31 December 2024
766 
6,031 
6,797 
At 31 December 2023
725 
8,837 
9,562 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2024
2,893 
Valuation at 31 December 2024
2,893 
Details of the company's subsidiaries at 31 December 2024 are as follows: Name of undertaking: Manantial (PVT) LTD Registered office: Sri Lanka Nature of business: Software engineering services Class of shares held: Ordinary shares % Held direct: 100.00 Total Equity of the subsidiary company as at 31 December 2024 was : £40,861.55. Name of undertaking:
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Manantial Ltd Notes to the Accounts for the year ended 31 December 2024
Manantial Velaris SL Registered office: Spain Nature of business: Software engineering services Class of shares held: Ordinary shares % Held direct: 100.00 Total Equity of the subsidiary company as at 31 December 2024 was : £18,193.69.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
13,857 
15,501 
Trade debtors
27,645 
11,402 
Accrued income and prepayments
20,617 
38,804 
Other debtors
- 
26,797 
62,119 
92,504 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
4,608 
3,639 
Taxes and social security
8,715 
15,815 
Other creditors
1,387 
468 
Loans from directors
1,922 
1,908 
Accruals
27,502 
18,770 
Deferred income
71,523 
11,368 
115,657 
51,968 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Dilanka Sasindra Kalutota
The following balance was owed to the Director at the year end
608 
14 
- 
622 
Jose Fernandez-Castano Riancho
The following balance was owed to the Director at the year end
1,300 
- 
- 
1,300 
1,908 
14 
- 
1,922 
- 5 -
Manantial Ltd Notes to the Accounts for the year ended 31 December 2024
9
Transactions with related parties
During the period, Manantial Ltd made purchases of £639,764.24 from Manantial (PVT) Ltd and £196,707.12 from Manantial Velaris SL. All transactions were fully paid up as at 31 December 2024.
10
Average number of employees
During the year the average number of employees was 6 (2023: 5).
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