IRIS Accounts Production v23.3.0.418 11109203 Board of Directors 1.1.22 31.12.22 31.12.22 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111092032021-12-31111092032022-12-31111092032022-01-012022-12-31111092032020-12-31111092032021-01-012021-12-31111092032021-12-3111109203ns10:Originalns15:EnglandWales2022-01-012022-12-3111109203ns14:PoundSterlingns10:Original2022-01-012022-12-3111109203ns10:Originalns10:Director12022-01-012022-12-3111109203ns10:Original2022-01-012022-12-3111109203ns10:Original2022-12-3111109203ns10:Originalns10:PrivateLimitedCompanyLtd2022-01-012022-12-3111109203ns10:Originalns10:SmallEntities2022-01-012022-12-3111109203ns10:Originalns10:AuditExempt-NoAccountantsReport2022-01-012022-12-3111109203ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3111109203ns10:SmallCompaniesRegimeForAccountsns10:Original2022-01-012022-12-3111109203ns10:Originalns10:FullAccounts2022-01-012022-12-3111109203ns10:Original12022-01-012022-12-3111109203ns10:Originalns10:OrdinaryShareClass12022-01-012022-12-3111109203ns10:Originalns10:Director22022-01-012022-12-3111109203ns10:Originalns10:RegisteredOffice2022-01-012022-12-3111109203ns10:Original2021-12-3111109203ns10:Originalns5:CurrentFinancialInstruments2022-12-3111109203ns10:Originalns5:CurrentFinancialInstruments2021-12-3111109203ns10:Originalns5:Non-currentFinancialInstruments2022-12-3111109203ns10:Originalns5:Non-currentFinancialInstruments2021-12-3111109203ns5:ShareCapitalns10:Original2022-12-3111109203ns5:ShareCapitalns10:Original2021-12-3111109203ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3111109203ns10:Originalns5:NetGoodwill2022-01-012022-12-3111109203ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-01-012022-12-3111109203ns10:Originalns5:FurnitureFittings2022-01-012022-12-3111109203ns10:Originalns5:MotorVehicles2022-01-012022-12-3111109203ns10:Original2021-01-012021-12-3111109203ns10:Originalns5:NetGoodwill2022-12-3111109203ns10:Originalns5:FurnitureFittings2021-12-3111109203ns10:Originalns5:MotorVehicles2021-12-3111109203ns10:Original2021-12-3111109203ns10:Originalns5:FurnitureFittings2022-12-3111109203ns10:Originalns5:MotorVehicles2022-12-3111109203ns10:Originalns5:FurnitureFittings2021-12-3111109203ns10:Originalns5:MotorVehicles2021-12-3111109203ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3111109203ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-12-3111109203ns10:Originalns10:OrdinaryShareClass12022-12-31
REGISTERED NUMBER: 11109203 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2022

for

Manhatten Property Management Limited

Manhatten Property Management Limited (Registered number: 11109203)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Manhatten Property Management Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: D Smith
S Smith





REGISTERED OFFICE: Lien House
High Street
Skelton-in-Cleveland
Saltburn-by-the-Sea
TS12 2EA





REGISTERED NUMBER: 11109203 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff LLP
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Manhatten Property Management Limited (Registered number: 11109203)

Balance Sheet
31 December 2022

2022 2021
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 244,489 -
Tangible assets 5 19,717 23,428
264,206 23,428

CURRENT ASSETS
Debtors 6 2,013,528 1,062,689
Cash at bank 27,281 50,929
2,040,809 1,113,618
CREDITORS
Amounts falling due within one year 7 1,510,376 1,019,777
NET CURRENT ASSETS 530,433 93,841
TOTAL ASSETS LESS CURRENT
LIABILITIES

794,639

117,269

CREDITORS
Amounts falling due after more than one
year

8

(657,039

)

-

PROVISIONS FOR LIABILITIES (4,929 ) (4,451 )
NET ASSETS 132,671 112,818

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 132,571 112,718
SHAREHOLDERS' FUNDS 132,671 112,818

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Manhatten Property Management Limited (Registered number: 11109203)

Balance Sheet - continued
31 December 2022


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 19 October 2023 and were signed on its behalf by:





D Smith - Director


Manhatten Property Management Limited (Registered number: 11109203)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Manhatten Property Management Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
The company provides arranging and facilitating letting of holiday cottages for its property owners and receives a commission fee for the services provided. The company remits the gross rental fee received from the guest to the property owner, net of the company's commission. Commission is recognised when the performance obligation of arranging and facilitating the customer to enter into individual contracts with property owners is satisfied, usually on delivery of the booking confirmation.

Booking fees are earned from the guest as the company acts as a booking agent by arranging the holiday let and providing owner details. The booking fee is recognised when the performance obligation of arranging and providing the property details to the customer has been satisfied, usually on delivery of the booking confirmation.

The company estimates, using historical experience, the amount of revenue that is expected to be reversed resulting from cancellations and establishes a cancellation provision for that amount upon booking.

The company also provides additional services to the property owners (e.g., property management); the revenue attributed to these services is recognised when the services are provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Between 10% and 35% on cost
Motor vehicles - 25% on cost

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.


Manhatten Property Management Limited (Registered number: 11109203)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2021 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 271,655
At 31 December 2022 271,655
AMORTISATION
Charge for year 27,166
At 31 December 2022 27,166
NET BOOK VALUE
At 31 December 2022 244,489

Manhatten Property Management Limited (Registered number: 11109203)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2022 15,892 15,751 31,643
Additions 4,641 - 4,641
At 31 December 2022 20,533 15,751 36,284
DEPRECIATION
At 1 January 2022 3,248 4,967 8,215
Charge for year 4,414 3,938 8,352
At 31 December 2022 7,662 8,905 16,567
NET BOOK VALUE
At 31 December 2022 12,871 6,846 19,717
At 31 December 2021 12,644 10,784 23,428

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
as restated
£    £   
Trade debtors 50,119 629,067
Amounts owed by group undertakings 1,911,720 295,386
Other debtors 51,689 138,236
2,013,528 1,062,689

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
as restated
£    £   
Trade creditors 55,852 342,789
Amounts owed to group undertakings 800,702 205,713
Taxation and social security 191,442 191,577
Other creditors 462,380 279,698
1,510,376 1,019,777

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
as restated
£    £   
Amounts owed to group undertakings 551,693 -
Other creditors 105,346 -
657,039 -

Manhatten Property Management Limited (Registered number: 11109203)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: as restated
£    £   
100 Ordinary £1 100 100

10. PARENT UNDERTAKING

The immediate and ultimate parent company is SDDE Smith Group Limited. These financial statements are included in the consolidated financial statements of SDDE Smith Group Limited. The parent's registered office address is Lien House 120 High Street, Skelton-In-Cleveland, Saltburn-By-The-Sea, England, TS12 2EA.