0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,779,815 579,815 1,200,000 1,200,000 xbrli:pure xbrli:shares iso4217:GBP 04708273 2022-04-01 2023-03-31 04708273 2023-03-31 04708273 2022-03-31 04708273 2021-04-01 2022-03-31 04708273 2022-03-31 04708273 2021-03-31 04708273 bus:Director2 2022-04-01 2023-03-31 04708273 core:WithinOneYear 2023-03-31 04708273 core:WithinOneYear 2022-03-31 04708273 core:AfterOneYear 2023-03-31 04708273 core:AfterOneYear 2022-03-31 04708273 core:ShareCapital 2023-03-31 04708273 core:ShareCapital 2022-03-31 04708273 core:RetainedEarningsAccumulatedLosses 2023-03-31 04708273 core:RetainedEarningsAccumulatedLosses 2022-03-31 04708273 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 04708273 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2023-03-31 04708273 core:Non-currentFinancialInstruments 2023-03-31 04708273 core:Non-currentFinancialInstruments 2022-03-31 04708273 bus:SmallEntities 2022-04-01 2023-03-31 04708273 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04708273 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 04708273 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04708273 bus:FullAccounts 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 04708273
Bright Manor Limited
Filleted Unaudited Financial Statements
31 March 2023
Bright Manor Limited
Financial Statements
Year ended 31 March 2023
Contents
Page
Balance sheet
1
Notes to the financial statements
3
Bright Manor Limited
Balance Sheet
31 March 2023
2023
2022
Note
£
£
£
Fixed assets
Investments
4
1,200,000
1,200,000
Current assets
Debtors
5
34,580
Cash at bank and in hand
3,497
43,917
--------
--------
38,077
43,917
Creditors: amounts falling due within one year
6
63,542
64,140
--------
--------
Net current liabilities
25,465
20,223
------------
------------
Total assets less current liabilities
1,174,535
1,179,777
Creditors: amounts falling due after more than one year
7
701,798
798,798
------------
------------
Net assets
472,737
380,979
------------
------------
Capital and reserves
Called up share capital
2
2
Profit and loss account
8
472,735
380,977
---------
---------
Shareholders funds
472,737
380,979
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Bright Manor Limited
Balance Sheet (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 2 October 2023 , and are signed on behalf of the board by:
Mr N Karania
Director
Company registration number: 04708273
Bright Manor Limited
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 26 The I O Centre, Hearle Way, Hatfield, AL10 9EW, Hertfordshire.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The rental income shown in the profit and loss account represents amounts receivable during the period, exclusive of Value Added Tax.
Investments
Investment properties are revalued annually to their fair value and any surplus or deficit is dealt with through profit and loss. No depreciation or amortisation is provided in respect of investment properties.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Investments
Freehold investment property
£
Cost
At 1 April 2022 and 31 March 2023
1,779,815
------------
Impairment
At 1 April 2022 and 31 March 2023
579,815
------------
Carrying amount
At 31 March 2023
1,200,000
------------
At 31 March 2022
1,200,000
------------
The freehold investment property is stated at it's open market value in accordance with the valuation undertaken by Aitchison Raffety Property Consultants, on 16 August 2018. The directors are not aware of any material changes in the value at the reporting date and the date of the valuation.
5. Debtors
2023
2022
£
£
Trade debtors
34,580
--------
----
6. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
30,415
35,823
Corporation tax
21,523
22,925
Social security and other taxes
11,527
5,327
Other creditors
77
65
--------
--------
63,542
64,140
--------
--------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
701,798
798,798
---------
---------
At the reporting date, the company owed £701,798 (2022: £798,798) to the shareholders in respect of their interest free loans which does not have a fixed repayment date. The directors do not foresee any amount of the loans to be repaid within 12 months of the reporting date and therefore the loans have been disclosed under amounts falling due after more than one year.
8. Reserves
2023 2022
£ £
Profit and loss (distributable reserves) 1,052,550 960,792
Fair value losses on investment property (579,815) (579,815)
------------ ---------
472,735 380,977
------------ ---------