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 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

MAANCH LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

MAANCH LIMITED

Balance sheet

As at 31 December 2023


Notes
2023
2022


£
£
Fixed assets
Intangible assets: 3 4,132,565 3,642,414
Tangible assets: 4 268 1,806
Total fixed assets: 4,132,833 3,644,220
Current assets
Debtors:   240,466 316,494
Cash at bank and in hand: 949 6,462
Total current assets: 241,415 322,956
Creditors: amounts falling due within one year:   (243,187) (278,127)
Net current assets (liabilities): (1,772) 44,829
Total assets less current liabilities: 4,131,061 3,689,049
Creditors: amounts falling due after more than one year:   (2,019,290) (2,495,216)
Total net assets (liabilities): 2,111,771 1,193,833
Capital and reserves
Called up share capital: 14,213 12,214
Share premium account: 2,175,560 977,557
Profit and loss account: (78,002) 204,062
Shareholders funds: 2,111,771 1,193,833

The notes form part of these financial statements

MAANCH LIMITED

Balance sheet statements

For the year ending 31 December 2023 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 08 April 2024
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 2023

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 discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Computer equipment 33.33% straight line basis Fixture & 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 2023

2. Employees

2023 2022
Average number of employees during the period 6 6

MAANCH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 3,642,414
Additions 490,151
At 31 December 2023 4,132,565
Net book value
At 31 December 2023 4,132,565
At 31 December 2022 3,642,414

MAANCH LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 9,946
At 31 December 2023 9,946
Depreciation
At 01 January 2023 8,140
Charge for year 1,538
At 31 December 2023 9,678
Net book value
At 31 December 2023 268
At 31 December 2022 1,806