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REGISTERED NUMBER: 10696819 (England and Wales)











Manxprop Ltd

Financial Statements

for the Year Ended 30 September 2021






Manxprop Ltd (Registered number: 10696819)

Contents of the Financial Statements
for the Year Ended 30 September 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Manxprop Ltd

Company Information
for the Year Ended 30 September 2021







DIRECTORS: S Westhorpe
P Ligertwood





REGISTERED OFFICE: Swallow House
Shilton Industrial Estate
Shilton
Coventry
CV7 9JY





REGISTERED NUMBER: 10696819 (England and Wales)





AUDITORS: Haines Watts Tamworth Limited
Chartered Accountants and Statutory Auditors
Sterling House
97 Lichfield Street
Tamworth
Staffordshire
B79 7QF

Manxprop Ltd (Registered number: 10696819)

Balance Sheet
30 September 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investments 4 4,398,186 4,398,186

CURRENT ASSETS
Cash in hand 91 162

CREDITORS
Amounts falling due within one year 5 700 719
NET CURRENT LIABILITIES (609 ) (557 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,397,577

4,397,629

CAPITAL AND RESERVES
Called up share capital 6 4,398,186 4,398,186
Retained earnings (609 ) (557 )
SHAREHOLDERS' FUNDS 4,397,577 4,397,629

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 Board of Directors and authorised for issue on 2 August 2022 and were signed on its behalf by:





S Westhorpe - Director


Manxprop Ltd (Registered number: 10696819)

Notes to the Financial Statements
for the Year Ended 30 September 2021


1. STATUTORY INFORMATION

Manxprop Ltd is a private company, limited by shares , registered in England and Wales. 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.

The financial statements have been prepared on a going concern basis which assumes that the company will continue to operate for the foreseeable future.

The directors have a reasonable expectation that the company has adequate resources to continue operations for the foreseeable future. For this reason, along with the continued support of the directors, wider group and strong associates, they are continuing to adopt the going concern basis.

Preparation of consolidated financial statements
The financial statements contain information about Manxprop Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less accumulated impairment.

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.

Going concern
The directors have a reasonable expectation that the group and the parent company have adequate resources to continue operations for the foreseeable future such that it can continue to meet its liabilities for a period of not less than twelve months after the date of approval of these financial statements. For this reason, along with the continued support of the directors, they are continuing to adopt the going concern basis.

3. EMPLOYEES AND DIRECTORS

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

Manxprop Ltd (Registered number: 10696819)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2020
and 30 September 2021 4,398,186
NET BOOK VALUE
At 30 September 2021 4,398,186
At 30 September 2020 4,398,186

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Zyox Limited
Registered office: Swallow House, Shilton Industrial Estate, Shilton, Coventry, CV7 9JY
Nature of business: Rental of investment properties
%
Class of shares: holding
Ordinary 100.00
30.9.21 30.9.20
£    £   
Aggregate capital and reserves 2,888,248 3,387,068
Loss for the year (498,820 ) (837,402 )

TVCO Limited
Registered office: Unicol House, Green Road, Headington, Oxford, OX3 8EU
Nature of business: Rental of investment properties
%
Class of shares: holding
Ordinary 100.00
30.9.21 30.9.20
£    £   
Aggregate capital and reserves 6,728,113 6,057,475
Profit for the year 670,638 576,149

Kenyon Forge Management Company Limited *
Registered office: Swallow House, Shilton Industrial Estate, Shilton, Coventry, CV7 9JY
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00
30.9.21 30.9.20
£    £   
Aggregate capital and reserves 2 2

Birmingham Swallow Investments Limited *
Registered office: Swallow House, Shilton Industrial Estate, Shilton, Coventry, CV7 9JY
Nature of business: Holding company
%
Class of shares: holding
Ordinary 99.00

Manxprop Ltd (Registered number: 10696819)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021


4. FIXED ASSET INVESTMENTS - continued

Kenyon Forge Limited *
Registered office: Swallow House, Shilton Industrial Estate, Shilton, Coventry, CV7 9JY
Nature of business: Rental of investment properties
%
Class of shares: holding
Ordinary 99.00
30.9.21 30.9.20
£    £   
Aggregate capital and reserves 5,184,301 4,982,922
Profit for the year 201,379 166,916

* Indirectly held

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Amounts owed to group undertakings 700 713
Other creditors - 6
700 719

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
4,398,186 Ordinary £1 4,398,186 4,398,186

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephen Butler (Senior Statutory Auditor)
for and on behalf of Haines Watts Tamworth Limited

8. ULTIMATE CONTROLLING PARTY

The controlling party is P Ligertwood.