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Registration number: 01359862

D.M.& P Manheim (Peter Manheim) Ltd

Unaudited Financial Statements

for the Year Ended 31 July 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

D.M.& P Manheim (Peter Manheim) Ltd

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 4

 

D.M.& P Manheim (Peter Manheim) Ltd

Company Information

Directors

J M Manheim

L E Manheim

V H Manheim

Registered office

130 Shaftesbury Avenue
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

D.M.& P Manheim (Peter Manheim) Ltd

Statement of Financial Position as at 31 July 2024

Note

2024
£

2023
£

Current assets

 

Stocks

15,894

15,894

Debtors

4

5,339

1,622

Cash at bank and in hand

 

16,321

23,362

 

37,554

40,878

Creditors: Amounts falling due within one year

5

(30,653)

(16,226)

Net assets

 

6,901

24,652

Capital and reserves

 

Called up share capital

200

200

Retained earnings

6,701

24,452

Shareholders' funds

 

6,901

24,652

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, section 444.

Approved and authorised by the Board on 29 May 2025 and signed on its behalf by:
 

.........................................

V H Manheim

Director

Company registration number: 01359862

 

D.M.& P Manheim (Peter Manheim) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
London
W1D 5EU

The principal activity of the company is that of that of dealing in fine porcelain.

2

Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company had net assets of £6,901 at 31 July 2024 including cash at bank of £16,321.

The company has few fixed overheads and no financial commitments. The company has stock of fine porcelain with a market value significantly in excess of cost and the directors believe it remains largely unaffected by changes in the economic environment.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of antiques in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue from the sale of porcelain works when the company transfers the risks and rewards of ownership to the customer.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

25% straight line

 

D.M.& P Manheim (Peter Manheim) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0).

4

Debtors

2024
£

2023
£

Other debtors

5,339

1,622

5,339

1,622

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

3,500

-

Accruals and deferred income

3,475

3,350

Other creditors

23,678

12,876

30,653

16,226