Company Registration No. 11918816 (England and Wales)
Manna Properties & Developments Limited
Unaudited accounts
for the year ended 31 May 2024
Manna Properties & Developments Limited
Unaudited accounts
Contents
Manna Properties & Developments Limited
Company Information
for the year ended 31 May 2024
Directors
Herman Stewart
Donna Stewart
Company Number
11918816 (England and Wales)
Registered Office
C/O Peer Accountants
Trigate, Hagley Road West
Birmingham
B68 0NP
England
Manna Properties & Developments Limited
Statement of financial position
as at 31 May 2024
Called up share capital not paid
-
2
Investment property
190,000
190,000
Cash at bank and in hand
681
-
Creditors: amounts falling due within one year
(61,167)
(63,221)
Net current liabilities
(59,539)
(60,451)
Total assets less current liabilities
130,461
129,551
Creditors: amounts falling due after more than one year
(133,529)
(133,529)
Net liabilities
(3,068)
(3,978)
Called up share capital
2
2
Fair value reserve
3,500
3,500
Profit and loss account
(6,570)
(7,480)
Shareholders' funds
(3,068)
(3,978)
For the year ending 31 May 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 28 March 2025 and were signed on its behalf by
Herman Stewart
Director
Company Registration No. 11918816
Manna Properties & Developments Limited
Notes to the Accounts
for the year ended 31 May 2024
Manna Properties & Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 11918816. The registered office is C/O Peer Accountants, Trigate, Hagley Road West, Birmingham, B68 0NP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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.
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts due in respect of rent on investment property.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 June 2023
190,000
At the end of the year, the director has evaluated the investment property's fair value to be £190,000 based on market conditions and experience.
Amounts falling due within one year
Accrued income and prepayments
947
2,770
Manna Properties & Developments Limited
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Other creditors
3,677
1,926
Loans from directors
55,806
60,011
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
133,529
133,529
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).