Registered number
12629720
Manon Copthall Limited
Filleted Accounts
31 May 2024
Manon Copthall Limited
Registered number: 12629720
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 5,483 6,384
Tangible assets 4 192 520
5,675 6,904
Current assets
Stocks 3,454 3,454
Debtors 5 14,892 14,482
Cash at bank and in hand 370 1,804
18,716 19,740
Creditors: amounts falling due within one year 6 (132,672) (123,252)
Net current liabilities (113,956) (103,512)
Net liabilities (108,281) (96,608)
Capital and reserves
Called up share capital 100 100
Profit and loss account (108,381) (96,708)
Shareholders' funds (108,281) (96,608)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
James Nicholls
Director
Approved by the board on 27 May 2025
Manon Copthall Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2023 9,013
At 31 May 2024 9,013
Amortisation
At 1 June 2023 2,629
Provided during the year 901
At 31 May 2024 3,530
Net book value
At 31 May 2024 5,483
At 31 May 2023 6,384
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 1,313
At 31 May 2024 1,313
Depreciation
At 1 June 2023 793
Charge for the year 328
At 31 May 2024 1,121
Net book value
At 31 May 2024 192
At 31 May 2023 520
5 Debtors 2024 2023
£ £
Other debtors 14,892 14,482
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,632 144
Amounts owed to group undertakings and undertakings in which the company has a participating interest 456 456
Other creditors 130,584 122,652
132,672 123,252
7 Other information
Manon Copthall Limited is a private company limited by shares and incorporated in England. Its registered office is:
56 Leman Street
London
E1 8EU
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