Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31false2023-09-0146450 - Wholesale of perfume and cosmetics22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10895301 2023-09-01 2024-08-31 10895301 2022-09-01 2023-08-31 10895301 2024-08-31 10895301 2023-08-31 10895301 c:Director2 2023-09-01 2024-08-31 10895301 d:Goodwill 2024-08-31 10895301 d:Goodwill 2023-08-31 10895301 d:CurrentFinancialInstruments 2024-08-31 10895301 d:CurrentFinancialInstruments 2023-08-31 10895301 d:Non-currentFinancialInstruments 2024-08-31 10895301 d:Non-currentFinancialInstruments 2023-08-31 10895301 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 10895301 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 10895301 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 10895301 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 10895301 d:ShareCapital 2024-08-31 10895301 d:ShareCapital 2023-08-31 10895301 d:RetainedEarningsAccumulatedLosses 2024-08-31 10895301 d:RetainedEarningsAccumulatedLosses 2023-08-31 10895301 c:OrdinaryShareClass1 2023-09-01 2024-08-31 10895301 c:OrdinaryShareClass1 2024-08-31 10895301 c:OrdinaryShareClass1 2023-08-31 10895301 c:FRS102 2023-09-01 2024-08-31 10895301 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10895301 c:FullAccounts 2023-09-01 2024-08-31 10895301 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10895301 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10895301










MNM INTERNATIONAL UK LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
MNM INTERNATIONAL UK LIMITED
REGISTERED NUMBER: 10895301

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 5 
-
23,767

Debtors: amounts falling due within one year
 6 
79,446
79,266

Cash at bank and in hand
 7 
6,349
55,661

  
85,795
158,694

  

Creditors: amounts falling due within one year
 8 
(2,700)
(3,433)

Net current assets
  
 
 
83,095
 
 
155,261

Total assets less current liabilities
  
83,095
155,261

Creditors: amounts falling due after more than one year
 9 
(278,227)
(321,678)

Net liabilities
  
(195,132)
(166,417)


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
(195,232)
(166,517)

  
(195,132)
(166,417)


Page 1

 
MNM INTERNATIONAL UK LIMITED
REGISTERED NUMBER: 10895301

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




V G Adnani
Director

Date: 19 February 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MNM INTERNATIONAL UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

MNM International UK Limited is a private limited company incorporated in England and Wales. The registered office address is 8th Floor South, Reading Bridge House, George Street, Reading, Berkshire, RG1 8LS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

 
2.2

Going concern

Although the Company has reduced its trade in the UK, the Directors have indicated their continued support to cover the Company's liabilities.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Comprehensive Income over its useful economic life.

Page 3

 
MNM INTERNATIONAL UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and Investments in ordinary shares.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
MNM INTERNATIONAL UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 September 2023
25,000



At 31 August 2024

25,000



Amortisation


At 1 September 2023
25,000



At 31 August 2024

25,000



Net book value



At 31 August 2024
-



At 31 August 2023
-




5.


Stocks

2024
2023
£
£

Closing stocks
-
23,767

-
23,767



6.


Debtors

2024
2023
£
£


Trade debtors
79,446
79,266

79,446
79,266


Page 5

 
MNM INTERNATIONAL UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,349
55,661



8.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
-
208

Accruals and deferred income
2,700
3,225

2,700
3,433



9.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Other creditors
278,227
321,678



10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



11.


Related party transactions

At the report date the Company owed one of its Directors £278,227 (2024 - £321,678). The loans are not interest bearing, without security and are not expected to be repaid within the next 12 months.


12.


Controlling party

The Company is controlled by V G Adnani, a Director of the Company, by virtue of his shareholding.


Page 6