REGISTERED NUMBER: 04780995 (England and Wales)

Financial Statements for the Year Ended 29 December 2024

for

MANLEY GOLD HOLDINGS LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

27,584

32,631

Investments

5

350,000

350,000

377,584

382,631

CURRENT ASSETS

Stocks

3,000

2,500

Debtors

6

228,549

84,854

Cash at bank and in hand

2,083

2,247

233,632

89,601

CREDITORS

Amounts falling due within one year

7

1,102,952

904,198

NET CURRENT LIABILITIES

(869,320

)

(814,597

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(491,736

)

(431,966

)

CREDITORS

Amounts falling due after more than one year

8

(8,481

)

(19,024

)

PROVISIONS FOR LIABILITIES

(1,670

)

(1,670

)

NET LIABILITIES

(501,887

)

(452,660

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium

129,651

129,651

Fair value reserve

333,920

333,920

Retained earnings

(966,458

)

(917,231

)

SHAREHOLDERS' FUNDS

(501,887

)

(452,660

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 9 October 2025 and were signed by:

Mr K M Lai - Director

1.	STATUTORY INFORMATION

Manley Gold Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04780995

Registered office:

2 Wood Crescent

Stafford

Staffordshire

ST16 1NX

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis because the company is supported by the group of companies and the directors. The undertakings whom the company owes £808,244 are related companies and will not be collected until the company is in a position to pay. Currently the company is restructuring its finances.

Preparation of consolidated financial statements

The financial statements contain information about Manley Gold Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates

The preparation of the financial statements in conformity with generally accepted accounting principles requires the Directors to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results in the future could differ from those estimates. Management considers that certain accounting assumptions relating to revenue and provisions are its critical accounting policies.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when customers have received the services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on reducing balance

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

The remaining improvements to property is being written off evenly over 15 years to 2033. This is the estimated useful life of the property on which improvements were made.

Investments in subsidiaries

Investments in the subsidiary shares are included at fair value. This is reviewed annually for impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less cost to complete and sell. Costs include all costs of purchase, conversion and expenses incurred in bringing the stock to its present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The company has continued to prepare the accounts on a going concern basis and deem this appropriate. The directors do not consider that a material uncertainty about the going concern status currently exists. In making this assessment the directors have considered the likely trading conditions for a period of twelve months from the date of the approval of these accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 30 December 2023

and 29 December 2024

67,993

71,272

33,746

173,011

DEPRECIATION

At 30 December 2023

60,714

56,233

23,433

140,380

Charge for year

728

2,256

2,063

5,047

At 29 December 2024

61,442

58,489

25,496

145,427

NET BOOK VALUE

At 29 December 2024

6,551

12,783

8,250

27,584

At 29 December 2023

7,279

15,039

10,313

32,631

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 30 December 2023

and 29 December 2024

350,000

NET BOOK VALUE

At 29 December 2024

350,000

At 29 December 2023

350,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.12.24

29.12.23

£

£

Amounts owed by group undertakings

228,549

84,854

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.12.24

29.12.23

£

£

Bank loans and overdrafts

19,303

19,417

Hire purchase contracts

934

4,155

Amounts owed to group undertakings

1,014,355

781,452

Taxation and social security

29,941

54,767

Other creditors

38,419

44,407

1,102,952

904,198

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.12.24

29.12.23

£

£

Bank loans

8,481

18,055

Hire purchase contracts

-

969

8,481

19,024

9.	SECURED DEBTS

The following secured debts are included within creditors:

29.12.24

29.12.23

£

£

Hire purchase contracts

934

5,124

The hire purchase liabilities are secured upon the assets to which they relate.