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Registered number: 14806473
Manna Care Homes Ltd
Unaudited Financial Statements
For the Period 1 May 2024 to 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14806473
30 November 2024 30 April 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,224,375 1,224,486
Investments 5 847,359 847,359
2,071,734 2,071,845
CURRENT ASSETS
Debtors 6 - 2,124
Cash at bank and in hand 505 1,135
505 3,259
Creditors: Amounts Falling Due Within One Year 7 (1,049,824 ) (1,071,168 )
NET CURRENT ASSETS (LIABILITIES) (1,049,319 ) (1,067,909 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,022,415 1,003,936
Creditors: Amounts Falling Due After More Than One Year 8 (996,562 ) (1,003,500 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,490 ) -
NET ASSETS 20,363 436
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 20,361 434
SHAREHOLDERS' FUNDS 20,363 436
Page 1
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For the period ending 30 November 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Tintu Tojo
Director
Ms Nicy Sebastian
Director
31 May 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Manna Care Homes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14806473 . The registered office is 5 Kendal Gardens, Sutton, London, SM1 3LL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Held at cost
Computer Equipment 25% straight line
2.4. Financial Instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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2.6. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
2.7. Fixed Asset Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2024: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost
As at 1 May 2024 1,223,917 759 1,224,676
As at 30 November 2024 1,223,917 759 1,224,676
Depreciation
As at 1 May 2024 - 190 190
Provided during the period - 111 111
As at 30 November 2024 - 301 301
Net Book Value
As at 30 November 2024 1,223,917 458 1,224,375
As at 1 May 2024 1,223,917 569 1,224,486
5. Investments
Subsidiaries
£
Cost
As at 1 May 2024 847,359
As at 30 November 2024 847,359
Provision
As at 1 May 2024 -
As at 30 November 2024 -
Net Book Value
As at 30 November 2024 847,359
As at 1 May 2024 847,359
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6. Debtors
30 November 2024 30 April 2024
£ £
Due within one year
Prepayments and accrued income - 419
Other debtors - 1,705
- 2,124
7. Creditors: Amounts Falling Due Within One Year
30 November 2024 30 April 2024
£ £
Trade creditors - 20,013
Bank loans and overdrafts 12,100 11,500
Other creditors 5,857 4,809
Accruals and deferred income 7,988 35,717
Directors' loan accounts 341,603 561,075
Amounts owed to subsidiaries 682,276 438,054
1,049,824 1,071,168
The bank loan is secured by a fixed and floating charge over the property and undertakings of the company and the company's wholly owned subsidiary.
8. Creditors: Amounts Falling Due After More Than One Year
30 November 2024 30 April 2024
£ £
Bank loans 996,562 1,003,500
The bank loan is secured by a fixed and floating charge over the property and undertakings of the company and the company's wholly owned subsidiary.
9. Share Capital
30 November 2024 30 April 2024
£ £
Allotted, Called up and fully paid 2 2
10. Related Party Transactions
At the period end, 30 November 2024, the company owed the directors £341,603 (30 April 2024: £561,075) in respect of loans held with the company. These amounts are interest free and repayable on demand.
At the period end, 30 November 2024, the company owed a subsidiary company £682,276 (30 April 2024: £438,054) in respect of amounts borrowed during the period. These amounts are interest free and repayable on demand.
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