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Registered Number: 10695687
England and Wales

 

 

 

M&N PARTNERS LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2024

End date: 31 March 2025
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 3 589    895 
589    895 
Current assets      
Debtors 4 13,501    11,271 
Cash at bank and in hand 111    346 
13,612    11,617 
Creditors: amount falling due within one year 5 (13,281)   (12,175)
Net current assets 331    (558)
 
Total assets less current liabilities 920    337 
Provisions for liabilities 6 (112)   (170)
Net assets 808    167 
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account 806    165 
Shareholders' funds 808    167 
 


For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 20 July 2025 and were signed on its behalf by:


-------------------------------
Stefano Novelli
Director
1
General Information
M&N Partners Ltd is a private company, limited by shares, registered in England and Wales, registration number 10695687, registration address 7 Mcnair Road, Southall, UB2 4XG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Pensions
The company operates a defined contribution pension scheme. The pension contributions are expensed as incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33.33 Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2024 : 2).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 April 2024 1,411    1,411 
Additions 246    246 
Disposals  
At 31 March 2025 1,657    1,657 
Depreciation
At 01 April 2024 516    516 
Charge for year 552    552 
On disposals  
At 31 March 2025 1,068    1,068 
Net book values
Closing balance as at 31 March 2025 589    589 
Opening balance as at 01 April 2024 895    895 


4.

Debtors: amounts falling due within one year

2025
£
  2024
£
Trade Debtors 9,369    9,861 
Other Debtors 4,132    1,410 
13,501    11,271 

5.

Creditors: amount falling due within one year

2025
£
  2024
£
Taxation and Social Security 10,656    8,851 
Other Creditors 2,625    3,324 
13,281    12,175 

6.

Provisions for liabilities

2025
£
  2024
£
Deferred Tax 112    170 
112    170 

7.

Related party disclosure

Included in the other debtors is an amount of £2,883 owed from directors of the company. The loan was fully repaid post the balance sheet date.
2