Company Registration No. 5755753 (England and Wales)
Manyone London Ltd
Unaudited accounts
for the year ended 31 December 2021
Manyone London Ltd
Unaudited accounts
Contents
Manyone London Ltd
Company Information
for the year ended 31 December 2021
Director
Alexandra Jane Hills
Company Number
5755753 (England and Wales)
Registered Office
9 Appold Street
London
EC2A 2AP
United Kingdom
Accountants
The Accountancy Cloud
12-18 Hoxton Street
London
N1 6NG
UK
Manyone London Ltd
Statement of financial position
as at 31 December 2021
Tangible assets
4,811
3,171
Cash at bank and in hand
123,067
76,734
Creditors: amounts falling due within one year
(50,017)
(84,738)
Net current assets
590,094
511,531
Net assets
594,905
514,702
Called up share capital
50
50
Capital redemption reserve
(127,074)
(127,074)
Profit and loss account
721,929
641,726
Shareholders' funds
594,905
514,702
For the year ending 31 December 2021 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 her 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 28 September 2022 and were signed on its behalf by
Alexandra Jane Hills
Director
Company Registration No. 5755753
Manyone London Ltd
Notes to the Accounts
for the year ended 31 December 2021
Manyone London Ltd is a private company, limited by shares, registered in England and Wales, registration number 5755753. The registered office is 9 Appold Street, London, EC2A 2AP, United Kingdom.
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.
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 have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Expenditure on research and development is written off in the year in which it is incurred.
Research and development tax credit
During the financial year, the company received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Income Statement in line with disclosure requirements under FRS 102.
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Manyone London Ltd
Notes to the Accounts
for the year ended 31 December 2021
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2021
13,735
38,683
52,418
Disposals
(13,735)
(36,334)
(50,069)
At 31 December 2021
-
8,054
8,054
At 1 January 2021
12,623
36,624
49,247
Charge for the year
232
1,575
1,807
On disposals
(12,855)
(34,956)
(47,811)
At 31 December 2021
-
3,243
3,243
At 31 December 2021
-
4,811
4,811
At 31 December 2020
1,112
2,059
3,171
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
44,843
39,647
Amounts due from group undertakings etc.
-
54,322
Accrued income and prepayments
2,766
566
Debtors: amounts falling due after more than one year
Amounts due from group undertakings etc.
467,606
425,000
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
531
14,273
Taxes and social security
11,469
36,054
Loans from directors
529
3,161
Deferred income
3,696
3,000
Manyone London Ltd
Notes to the Accounts
for the year ended 31 December 2021
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50
50
8
Transactions with related parties
As at 31 December 2021, the company owed the director Anja Kluver £529 (2020: £3,161) and are included within 'Creditors: amounts falling due within one year'.
As at 31 December 2021, Manyone London Ltd was owed by its parent company Manyone A/S £453,467 (2020: £425,000). The balances attract 5% interest p.a and are repayable on demand.
As at 31 December 2021, Manyone London Ltd was owed by its parent company Manyone A/S £14,138 (2020: £54,323). The balances attract 0% interest and are repayable on demand.
Manyone London Ltd is a wholly owned subsidiary of Manyone A/S, which is the ultimate controlling party.
10
Average number of employees
During the year the average number of employees was 4 (2020: 4).
