Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true2022-04-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00836614 2022-04-01 2023-03-31 00836614 2021-04-01 2022-03-31 00836614 2023-03-31 00836614 2022-03-31 00836614 2021-04-01 00836614 c:Director1 2022-04-01 2023-03-31 00836614 d:FreeholdInvestmentProperty 2023-03-31 00836614 d:FreeholdInvestmentProperty 2022-03-31 00836614 d:FreeholdInvestmentProperty 2 2022-04-01 2023-03-31 00836614 d:CurrentFinancialInstruments 2023-03-31 00836614 d:CurrentFinancialInstruments 2022-03-31 00836614 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00836614 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 00836614 d:ShareCapital 2023-03-31 00836614 d:ShareCapital 2022-03-31 00836614 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 00836614 d:RetainedEarningsAccumulatedLosses 2023-03-31 00836614 d:RetainedEarningsAccumulatedLosses 2022-03-31 00836614 c:FRS102 2022-04-01 2023-03-31 00836614 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 00836614 c:FullAccounts 2022-04-01 2023-03-31 00836614 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 00836614 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 00836614 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 00836614










MANOR DEVELOPMENTS (CHESTERFIELD) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
MANOR DEVELOPMENTS (CHESTERFIELD) LIMITED
REGISTERED NUMBER: 00836614

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 5 
1,087,335
801,520

Current assets
  

Debtors: amounts falling due within one year
 6 
10,066
12,043

Cash at bank and in hand
  
647,501
702,408

  
657,567
714,451

Creditors: amounts falling due within one year
 7 
(175,088)
(232,799)

Net current assets
  
 
 
482,479
 
 
481,652

Total assets less current liabilities
  
1,569,814
1,283,172

Provisions for liabilities
  

Deferred tax
 8 
(63,988)
(21,604)

Net assets
  
1,505,826
1,261,568


Capital and reserves
  

Called up share capital 
  
5,000
5,000

Profit and loss account
 9 
1,500,826
1,256,568

  
1,505,826
1,261,568


Page 1

 
MANOR DEVELOPMENTS (CHESTERFIELD) LIMITED
REGISTERED NUMBER: 00836614
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 October 2023.



J A B Short
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MANOR DEVELOPMENTS (CHESTERFIELD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Manor Developements (Chesterfield) Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 00836614). Its registered office is  33 The Bridge Business Centre, Beresford Way, Chesterfield, Derbyshire, S41 9FG. The principal activity of the Company throughout the year continued to be that of property investors.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Investment property

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

Page 3

 
MANOR DEVELOPMENTS (CHESTERFIELD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.5

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

No significant judgements have had to be made by management in preparing these financial statements.
The directors have made key assumptions in the determination of fair value of the investment property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the asset.


4.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
MANOR DEVELOPMENTS (CHESTERFIELD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
801,520


Surplus on revaluation
285,815



At 31 March 2023
1,087,335

The 2023 valuations were made by the directors, on an open market value for existing use basis.



At 31 March 2023



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
622,146
622,146


6.


Debtors

2023
2022
£
£


Trade debtors
9,972
12,041

Other debtors
94
2

10,066
12,043


Page 5

 
MANOR DEVELOPMENTS (CHESTERFIELD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
157,991
191,880

Corporation tax
-
26,539

Other taxation and social security
-
55

Other creditors
17,097
11,311

Accruals and deferred income
-
3,014

175,088
232,799



8.


Deferred taxation




2023
2022


£

£






At beginning of year
21,604
16,419


Charged to profit or loss
42,384
5,185



At end of year
63,988
21,604

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Capital gains
63,988
21,604


9.


Reserves

Profit and loss account

Both previous UK GAAP and FRS 102 require investment properties to be stated in the accounts at their current market value, with no annual depreciation charge. However, while previous UK GAAP stipulated that the surplus on revaluation of the property should be held in a revaluation reserve, which, being and unrealised surplus, did not form part of the company's distributable reserves, FRS 102 requires that these surpluses, although still not distributable, be charged through the Profit and Loss Account.
The Profit and Loss Account reserve at 31 March 2023 includes a non-distributable amount of £399,769 (2022: £157,770).

 
Page 6