MAANCH LIMITED

MAANCH LIMITED

MAANCH LIMITED - Company Information

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MAANCH LIMITED

Company Registration Number:
11336422 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2020

Period of accounts

Start date: 01 April 2020

End date: 31 December 2020

MAANCH LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2020

Balance sheet
Notes

MAANCH LIMITED

Balance sheet

As at 31 December 2020


Notes
31 December 2020
31 March 2020


£
£
Fixed assets
Intangible assets: 3 2,182,759 1,382,570
Tangible assets: 4 5,130 1,098
Total fixed assets: 2,187,889 1,383,668
Current assets
Debtors:   152,762 150,170
Cash at bank and in hand: 6,837 5,333
Total current assets: 159,599 155,503
Creditors: amounts falling due within one year:   (101,131) (51,053)
Net current assets (liabilities): 58,468 104,450
Total assets less current liabilities: 2,246,357 1,488,118
Creditors: amounts falling due after more than one year:   (1,548,487) (1,380,691)
Total net assets (liabilities): 697,870 107,427
Capital and reserves
Called up share capital: 11,105 10,000
Share premium account: 477,335 0
Profit and loss account: 209,430 97,427
Shareholders funds: 697,870 107,427

The notes form part of these financial statements

MAANCH LIMITED

Balance sheet statements

For the year ending 31 December 2020 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 January 2021
and signed on behalf of the board by:

Name: Darshita Gillies
Status: Director

The notes form part of these financial statements

MAANCH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discountsand value added taxes. Turnover includes revenue earned from the sale of goods and from therendering of services. Turnover from the sale of goods is recognised when the significant risks andrewards of ownership of the goods have transferred to the buyer. Turnover from the rendering ofservices is recognised by reference to the stage of completion of the contract. The stage ofcompletion of a contract is measured by comparing the costs incurred for work performed to date tothe total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulativeimpairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, atrates calculated to write off the cost, less estimated residual value, of each asset evenly over itsexpected useful life, as follows:Computer equipment 33.33% straight line basisFixture & fittings 33.33% straight line basis

Intangible fixed assets and amortisation policy

Intangible fixed assets (including purchased goodwill and patents) are included at cost.

MAANCH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

2. Employees

31 December 2020 31 March 2020
Average number of employees during the period 7 0

MAANCH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

3. Intangible Assets

Total
Cost £
At 01 April 2020 1,382,570
Additions 800,189
At 31 December 2020 2,182,759
Net book value
At 31 December 2020 2,182,759
At 31 March 2020 1,382,570

MAANCH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

4. Tangible Assets

Total
Cost £
At 01 April 2020 3,292
Additions 5,536
At 31 December 2020 8,828
Depreciation
At 01 April 2020 2,194
Charge for year 1,504
At 31 December 2020 3,698
Net book value
At 31 December 2020 5,130
At 31 March 2020 1,098