Manhead_UK_Limited - Accounts

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 May 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

Manhead UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is 55 Loundoun Road, St John's Wood, London, NW8 0DL.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The financial statements have been prepared on the going concern basis, as the directors have confirmed that funds will continue to be made available from the company's parent company, Manhead LLC, if required, to enable the company to continue to meet its day to day commitments for the foreseeable future.

Turnover represents amounts receivable for goods and services supplied to customers, net of VAT and trade discounts. Sales of goods and services are recognised as revenue when the goods have been delivered or the services rendered.

Cash and cash equivalents represent cash held at bank.

During the period to 31 May 2017, the company incurred royalties and management charges totalling £10,172 from its parent company, Manhead LLC.

As at 31 May 2017, the company owed an amount of £9,927 to Manhead LLC. This amount is interest free and there are no formal terms for repayment.

The immediate and ultimate parent company is Manhead LLC, a company registered in The United States of America.