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Registered number: 11904895 MANALO ADVISORS LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
Chartered Accountants
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ
MANALO ADVISORS LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MANALO ADVISORS LIMITED FOR THE YEAR ENDED 31 MARCH 2025 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Manalo Advisors Limited for the year ended 31 March 2025 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation. This report is made solely to the Board of Directors of Manalo Advisors Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Manalo Advisors Limited and state those matters that we have agreed to state to the Board of Directors of Manalo Advisors Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Manalo Advisors Limited and its Board of Directors, as a body, for our work or for this report. It is your duty to ensure that Manalo Advisors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Manalo Advisors Limited. You consider that Manalo Advisors Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or review of the financial statements of Manalo Advisors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. Haggards Crowther LLP Chartered Accountants 2nd Floor, Heathmans House 19 Heathmans Road London SW6 4TJ 22 July 2025 Page 1
MANALO ADVISORS LIMITED REGISTERED NUMBER:11904895
BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 7 |  | 4,835 |  | 5,368
Investments |  |  | 25,120 |  | -
|  |  | 29,955 |  | 5,368
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 8 | 69,816 |  | 138,551 |
Current asset investments | 9 | 409,246 |  | 338,580 |
Cash at bank |  | 363,797 |  | 630,362 |
|  | 842,859 |  | 1,107,493 |
Creditors: amounts falling due within one year | 11 | (156,217) |  | (229,691) |
Net current assets |  |  | 686,642 |  | 877,802
Total assets less current liabilities |  |  | 716,597 |  | 883,170
Net assets |  |  | 716,597 |  | 883,170
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Share premium account |  |  | 64,900 |  | 64,900
Profit and loss account |  |  | 651,597 |  | 818,170
|  |  | 716,597 |  | 883,170
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 July 2025. Page 2
MANALO ADVISORS LIMITED REGISTERED NUMBER:11904895
BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025
___________________________ R A Manalo
Director
Page 3
MANALO ADVISORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Manalo Advisers Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 11904895 and its registered address is 2nd Floor, Heathmans House, 19 Heathmans Road, England, SW6 4TJ. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
| 2.2 | Turnover
Turnover is stated net of VAT. Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the services provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.
| 2.3 | 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.
| 2.4 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 4
MANALO ADVISORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.4 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Office equipment | - | 33% |
|  |  |  | Computer equipment | - | 33% |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the income statement.
| 2.5 | 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.
| 2.6 | Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease
| 2.7 | Investments
i) Fixed asset investments are long term investments in unlisted securities which are initially recorded at cost and subsequently stated at cost less any accumulated impairment losses. The carrying value is reviewed for impairment annually. ii) Current asset investments are short term, highly liquid, listed and unlisted securities, which are measured at fair value. Changes in fair value are recognised in the Income Statement. Fair value is estimated by using a valuation technique based on market value. Page 5
MANALO ADVISORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
3. | Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the directors there are no judgements or key sources of estimation uncertainty that affect the preparation of the financial statements.
4. | Operating (loss)/profit
| The operating (loss)/profit is stated after charging:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Depreciation - owned assets | 2,988 | 2,455
5. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
6. | Taxation
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax |  |
| Current tax on profits for the year | (8,996) | 95,409
|  | (8,996) | 95,409
| Total current tax | (8,996) | 95,409
| Deferred tax |  |
| Total deferred tax | - | -
|  | (8,996) | 95,409
| UK corporation tax was charged at 25% in 2024.
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MANALO ADVISORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. | Tangible fixed assets
|  | Office equipment | Computer equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 April 2024 | 10,367 | 3,749 | 14,116
| Additions | 1,326 | 1,129 | 2,455
| At 31 March 2025 | 11,693 | 4,878 | 16,571
| Depreciation |  |  |
| At 1 April 2024 | 6,566 | 2,182 | 8,748
| Charge for the year | 2,137 | 851 | 2,988
| At 31 March 2025 | 8,703 | 3,033 | 11,736
| Net book value |  |  |
| At 31 March 2025 | 2,990 | 1,845 | 4,835
| At 31 March 2024 | 3,801 | 1,567 | 5,368
8. | Fixed asset investments
|  | Unlisted investments
|  | £
| Cost or valuation |
| Additions | 25,120
| At 31 March 2025 | 25,120
| The company holds 0.2% of capital in S.A Golf Country Club de Cannes Mougins, a company registered in France, a private golf club.
Page 7
MANALO ADVISORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
9. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 1,675 | 27,702
| Other debtors | 8,996 | -
| Prepayments and accrued income | 59,145 | 110,849
|  | 69,816 | 138,551
10. | Current asset investments
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Listed investments | 385,884 | 45,646
| Unlisted investments | 23,362 | 292,934
|  | 409,246 | 338,580
11. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 1,929 | -
| Corporation tax | - | 95,409
| Other taxation and social security | 4,653 | 33,501
| Other creditors | 136,262 | 71,068
| Accruals and deferred income | 13,373 | 29,713
|  | 156,217 | 229,691
Page 8
MANALO ADVISORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
12. | Retained earnings
|  |  |  |  | 2025
|  |  |  |  | £
| At 1 April 2024 | 818,170
| Loss for the year | (36,573)
| Dividends | (130,000)
| At 31 March 2025 | 651,597
13. | Related party transactions
| During the year, Mr R Manalo, a director of the company, has invoiced Manalo Advisors Limited rent in the value of £5,143 (2024: £21,223) as per conditions stated in the licence agreement, all of which have been paid by the year end. During the year, Manalo SAS, a company registered in France of which Mr R Manalo and Mrs N Manalo are also directors, has invoiced Manalo Advisors Limited consulting fees in the value of £62,549 (2023: £47,577), all of which have been paid by the year end.
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