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REGISTERED NUMBER: 04233710 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

MANORWOOD PROPERTIES LIMITED

MANORWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 04233710)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MANORWOOD PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 June 2023







DIRECTORS: E Eleftheriou
O Georgiou





SECRETARY: G Georgiou





REGISTERED OFFICE: 12 Gateway Mews
Ring Way
London
N11 2UT





REGISTERED NUMBER: 04233710 (England and Wales)





ACCOUNTANTS: G. George Associates Limited
Chartered Certified Accountants
12 Gateway Mews
Ring Way
London
N11 2UT

MANORWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 04233710)

BALANCE SHEET
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 850,000 850,000

CURRENT ASSETS
Debtors 5 53,220 59,965
Cash at bank 16,278 7,525
69,498 67,490
CREDITORS
Amounts falling due within one year 6 40,157 38,151
NET CURRENT ASSETS 29,341 29,339
TOTAL ASSETS LESS CURRENT
LIABILITIES

879,341

879,339

CREDITORS
Amounts falling due after more than one
year

7

(149,047

)

(152,449

)

PROVISIONS FOR LIABILITIES (106,750 ) (81,129 )
NET ASSETS 623,544 645,761

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 9 470,880 496,501
Retained earnings 152,662 149,258
SHAREHOLDERS' FUNDS 623,544 645,761

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

MANORWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 04233710)

BALANCE SHEET - continued
30 June 2023


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 24 October 2023 and were signed on its behalf by:





E Eleftheriou - Director


MANORWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 04233710)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 June 2023

1. STATUTORY INFORMATION

Manorwood Properties 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.

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 as modified by the revaluation of certain assets.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Deferred taxation is provided on such surplus or deficit at the rate expected to apply when the property is sold.

The fair value profits on investment property is not a realised profit available for distribution. In order to differentiate the non-distributable profits with the distributable profits of the company, any fair value movements on investment property less the deferred tax on such movements is transferred from retained earnings to fair value reserves, which is a non-distributable reserve.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

MANORWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 04233710)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 June 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 850,000
NET BOOK VALUE
At 30 June 2023 850,000
At 30 June 2022 850,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2013 177,630
Valuation in 2016 475,000
Valuation in 2017 175,000
Valuation in 2021 (215,000 )
Valuation in 2022 (35,000 )
Cost 272,370
850,000

If had not been revalued would have been included at the following historical cost:

30.6.23 30.6.22
£    £   
Cost 272,370 272,370

Investment properties were valued on an open market basis on 30 June 2023 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 53,220 59,965

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 4,494 5,586
Taxation and social security 6,663 4,166
Other creditors 29,000 28,399
40,157 38,151

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 149,047 152,449

MANORWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 04233710)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 June 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 153,541 158,035

9. RESERVES
Fair
value
reserve
£   
At 1 July 2022 496,501
Fair value reserve (25,621 )

At 30 June 2023 470,880