Company Registration No. 06523151 (England and Wales)
Mann's Of Covent Garden Ltd.
Unaudited accounts
for the year ended 31 March 2025
Mann's Of Covent Garden Ltd.
Unaudited accounts
Contents
Mann's Of Covent Garden Ltd.
Company Information
for the year ended 31 March 2025
Company Number
06523151 (England and Wales)
Registered Office
5 Elm Park Road
Finchley
London
N3 1EG
Accountants
G Finlay & Co
North London Business Park
Building 3
Oakleigh Road South
LONDON
N11 1GN
Mann's Of Covent Garden Ltd.
Statement of financial position
as at 31 March 2025
Tangible assets
23,043
25,730
Cash at bank and in hand
14,702
35,737
Creditors: amounts falling due within one year
(247,515)
(183,648)
Net current liabilities
(175,397)
(85,167)
Net liabilities
(151,414)
(58,497)
Called up share capital
2
2
Profit and loss account
(151,416)
(58,499)
Shareholders' funds
(151,414)
(58,497)
For the year ending 31 March 2025 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 his 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 2 December 2025 and were signed on its behalf by
A S MAAN
Director
Company Registration No. 06523151
Mann's Of Covent Garden Ltd.
Notes to the Accounts
for the year ended 31 March 2025
Mann's Of Covent Garden Ltd. is a private company, limited by shares, registered in England and Wales, registration number 06523151. The registered office is 5 Elm Park Road, Finchley, London, N3 1EG.
2
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.These are the first financial statements prepared under FRS102 Section 1a following adoption from FRS105
No adjustments were required on transition and no restatement of comparatives was necessary
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 are presented in £ sterling.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern.
While the company expects to meet its obligations for the next 12 months, significant operating losses and deteriorating liquidity create a material uncertainty regarding its ability to continue as a going concern.
Management is implementing a cost-reduction plan and has negotiated extended credit terms and payment plans with suppliers and other creditors, to preserve cash.
The average number of employees during the period was 12 (2024 9)
Leased assets-operating leases
----------------------------------------------
Rentals payable under operating leases are charged on a straight line basis.The company leases its own premises under a 7 year lease.Annual rent £155000 increasing to £162500 from november 2025
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:
Mann's Of Covent Garden Ltd.
Notes to the Accounts
for the year ended 31 March 2025
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Intangible fixed assets are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic life.
impairment of intangible assets is only reviewed where circumstances indicate that carrying value of asset may not be recoverable
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2024
14,980
14,766
29,746
At 31 March 2025
14,980
14,766
29,746
At 1 April 2024
-
4,016
4,016
Charge for the year
-
2,687
2,687
At 31 March 2025
-
6,703
6,703
At 31 March 2025
14,980
8,063
23,043
At 31 March 2024
14,980
10,750
25,730
Amounts falling due within one year
Other debtors
56,716
47,841
Mann's Of Covent Garden Ltd.
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
21,072
-
Trade creditors
43,710
31,161
Taxes and social security
663
663
Other creditors
182,070
151,824
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 the financial statements.Deferred tax is measured using tax rates and laws that have been enacted or substantially enacted by the year end and are expected to apply reversal of the timing difference.Unrelieved tax losses and other deferred tax assets are recognised only to the extend that is probable that they will be recovered against reversal of deferred tax liabilities or other future taxable profits
The company operates a defined contribution pension scheme in accordance with auto enrolment legislation.Employers contributions are charged to the profit and loss account in the period in which they are payable.
10
Operating lease commitments
2025
2024
At 31 March 2025 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
162,500
155,000
Later than one year and not later than five years
650,000
620,000
Later than five years
162,500
155,000
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Current account
5,479
7,419
-
12,898
Interest paid to the company £314
12
Average number of employees
During the year the average number of employees was 12 (2024: 9).