Company Registration No. 5755753 (England and Wales)
Manyone London Ltd
Unaudited accounts
for the year ended 31 December 2024
Manyone London Ltd
Unaudited accounts
Contents
Manyone London Ltd
Company Information
for the year ended 31 December 2024
Director
Alexandra Jane Hills
Company Number
5755753 (England and Wales)
Registered Office
151a Tower Bridge Road
London
SE1 3JE
England
Accountants
The Accountancy Cloud
1 Fore Street Avenue
London
EC2Y 9DT
Manyone London Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
29,459
29,784
Cash at bank and in hand
26,653
19,941
Creditors: amounts falling due within one year
(80,221)
(381,786)
Net current assets
793,409
732,498
Total assets less current liabilities
822,868
762,282
Provisions for liabilities
Deferred tax
(2,280)
(2,542)
Net assets
820,588
759,740
Called up share capital
50
50
Capital redemption reserve
(127,074)
(127,074)
Profit and loss account
947,612
886,764
Shareholders' funds
820,588
759,740
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 director acknowledges her 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 and authorised for issue on 5 June 2025 and were signed on its behalf by
Alexandra Jane Hills
Director
Company Registration No. 5755753
Manyone London Ltd
Notes to the Accounts
for the year ended 31 December 2024
Manyone London Ltd is a private company, limited by shares, registered in England and Wales, registration number 5755753. The registered office is 151a Tower Bridge Road, London, SE1 3JE, England.
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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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
20% Straight Line
Computer equipment
25% Straight Line
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Manyone London Ltd
Notes to the Accounts
for the year ended 31 December 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
19,119
25,071
44,190
Additions
7,200
4,156
11,356
At 31 December 2024
26,319
29,227
55,546
At 1 January 2024
3,428
10,978
14,406
Charge for the year
5,024
6,657
11,681
At 31 December 2024
8,452
17,635
26,087
At 31 December 2024
17,867
11,592
29,459
At 31 December 2023
15,691
14,093
29,784
Amounts falling due within one year
Trade debtors
21,769
129,814
Amounts due from group undertakings etc.
677,579
848,303
Accrued income and prepayments
97,988
63,687
Amounts falling due after more than one year
Other debtors
49,639
52,539
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
14,666
37,764
Amounts owed to group undertakings and other participating interests
-
205,763
Taxes and social security
59,119
60,022
Manyone London Ltd
Notes to the Accounts
for the year ended 31 December 2024
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50
50
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Operating lease commitments
2024
2023
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
96,410
-
Later than one year and not later than five years
144,615
166,935
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Transactions with related parties
As at 31 December 2024, Manyone London Ltd was owed by its parent company Manyone A/S £251,035 (2023: £428,130). The balances attract 9% interest p.a and are repayable on demand.
As at 31 December 2024, Manyone London Ltd owed its parent company Manyone A/S £0.00 (2023: £156,128). The balances attract 9% interest and are repayable on demand.
As at 31 December 2024, Manyone London Ltd was owed by its sister company Manyone GMBH £217,628 (2023: £345,680). The balances attract 9% interest and are repayable on demand.
As at 31 December 2024, Manyone London Ltd was owed by its sister company Manyone Spain SL £15,553 (2023: £20,484). The balances attract 9% interest and are repayable on demand.
As at 31 December 2024, Manyone London Ltd was owed by its sister company Manyone Zurich GMBH £176,198 (2023: £4,374). The balances attract 9% interest and are repayable on demand.
As at 31 December 2024, Manyone London Ltd was owed by its sister company Manyone TLV Ltd £8,677 (2023: £0.00). The balances attract 9% interest and are repayable on demand.
As at 31 December 2024, Manyone London Ltd was owed by its sister company Manyone Oslo £8,488 (2023: £0.00). The balances attract 9% interest and are repayable on demand.
Manyone London Ltd is a wholly owned subsidiary of Manyone A/S, which is the ultimate controlling party.
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Average number of employees
During the year the average number of employees was 8 (2023: 8).