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REGISTERED NUMBER: SC292788 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

MANORBAY LIMITED

MANORBAY LIMITED (REGISTERED NUMBER: SC292788)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MANORBAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2021







DIRECTOR: C M Beattie





REGISTERED OFFICE: 721 Great Western Road
Glasgow
Strathclyde
G12 8QX





REGISTERED NUMBER: SC292788 (Scotland)





ACCOUNTANTS: Cornerstone Accountants
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

MANORBAY LIMITED (REGISTERED NUMBER: SC292788)

BALANCE SHEET
30 NOVEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 143,788 139,313

CURRENT ASSETS
Stocks 8,800 6,701
Debtors 5 172,923 5,209
Cash at bank and in hand 4,806 43,453
186,529 55,363
CREDITORS
Amounts falling due within one year 6 704,814 521,050
NET CURRENT LIABILITIES (518,285 ) (465,687 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(374,497

)

(326,374

)

CREDITORS
Amounts falling due after more than one
year

7

40,769

45,000
NET LIABILITIES (415,266 ) (371,374 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (415,267 ) (371,375 )
(415,266 ) (371,374 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MANORBAY LIMITED (REGISTERED NUMBER: SC292788)

BALANCE SHEET - continued
30 NOVEMBER 2021


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2022 and were signed by:





C M Beattie - Director


MANORBAY LIMITED (REGISTERED NUMBER: SC292788)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1. STATUTORY INFORMATION

Manorbay Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on a straight line basis
Plant and machinery - 25% on a reducing balance basis
Fixtures and fittings - 25% on a reducing balance basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2020 - 6 ) .

MANORBAY LIMITED (REGISTERED NUMBER: SC292788)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 December 2020 117,883 13,092 69,082 200,057
Additions 3,000 - 14,013 17,013
At 30 November 2021 120,883 13,092 83,095 217,070
DEPRECIATION
At 1 December 2020 13,586 10,506 36,652 60,744
Charge for year 2,357 646 9,535 12,538
At 30 November 2021 15,943 11,152 46,187 73,282
NET BOOK VALUE
At 30 November 2021 104,940 1,940 36,908 143,788
At 30 November 2020 104,297 2,586 32,430 139,313

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 1,708 3,721
Amounts owed by group undertakings 170,800 300
Other debtors 415 1,188
172,923 5,209

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 6,456 16,750
Amounts owed to group undertakings 422,462 430,462
Taxation and social security 9,602 2,363
Other creditors 261,294 66,475
704,814 521,050

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 40,769 45,000