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REGISTERED NUMBER: 08415934 (England and Wales)










M. Holt Manchester Property Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






M. Holt Manchester Property Limited (Registered number: 08415934)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


M. Holt Manchester Property Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr S L Holt
Mr D Basger
Mrs M Basger
Mrs M D Holt





REGISTERED OFFICE: 118 Gatley Road
Gatley
Cheadle
Cheshire
SK8 4AD





REGISTERED NUMBER: 08415934 (England and Wales)





ACCOUNTANTS: SKS Shacter Cohen & Bor Ltd
Chartered Accountants
31 Sackville Street
Manchester
M1 3LZ

M. Holt Manchester Property Limited (Registered number: 08415934)

Abridged Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 64 85
Investment property 6 2,354,140 2,354,140
2,354,204 2,354,225

CURRENT ASSETS
Debtors 1,498 1,367
Cash at bank 47,867 17,045
49,365 18,412
CREDITORS
Amounts falling due within one year (1,303,394 ) (1,307,179 )
NET CURRENT LIABILITIES (1,254,029 ) (1,288,767 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,100,175

1,065,458

PROVISIONS FOR LIABILITIES (159,966 ) (159,966 )
NET ASSETS 940,209 905,492

CAPITAL AND RESERVES
Called up share capital 8 12 12
Revaluation reserve 9 841,930 841,930
Retained earnings 9 98,267 63,550
SHAREHOLDERS' FUNDS 940,209 905,492

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

M. Holt Manchester Property Limited (Registered number: 08415934)

Abridged Balance Sheet - continued
31 March 2023


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

All the members have consented to the preparation of an abridged Profit and Loss Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:




Mr D Basger - Director



Mr S L Holt - Director


M. Holt Manchester Property Limited (Registered number: 08415934)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
118 Gatley Road
Gatley
Cheadle
Cheshire
SK8 4AD
England

These financial statements were authorised for issue by the Board on

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND KEY ACCOUNTING ESTIMATES
The principal accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all the years presented, unless otherwise stated

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

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision
of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax,
returns, rebates and discounts.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and
subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and
installation.

Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class Depreciation method and rate
Office equipment 20% Reducing balance basis

M. Holt Manchester Property Limited (Registered number: 08415934)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. ACCOUNTING POLICIES - continued

INVESTMENT PROPERTY
Investment property is carried at fair value, derived from the current market prices for comparable real estate
determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss

TAXATION
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a changea ttributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.


The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or
substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

M. Holt Manchester Property Limited (Registered number: 08415934)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. ACCOUNTING POLICIES - continued

TRADE DEBTORS
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

TRADE CREDITORS
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

BORROWINGS
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

SHARE CAPITAL
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

DIVIDENDS
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

M. Holt Manchester Property Limited (Registered number: 08415934)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 552
DEPRECIATION
At 1 April 2022 467
Charge for year 21
At 31 March 2023 488
NET BOOK VALUE
At 31 March 2023 64
At 31 March 2022 85

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 2,354,140
NET BOOK VALUE
At 31 March 2023 2,354,140
At 31 March 2022 2,354,140

Land and buildings are included in the accounts at open market value. The valuation were carried out on 14 February 2018, by a firm of chartered surveyors and the directors as at 3 June 2018.
Has this class of an asset been measured on a historical cost basis, the carrying amount would have been £1,512,210 (2022 - £1,512,210).

7. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Loan - The M. Holt
(Manchester) Pension Fun 18,347 202,161
Loan Re Solmame House
M. Holt (Manchester) Pension 13,045 13,045
31,392 215,206

Loans and borrowings include loans from The M. Holt (Manchester) Pension Fund, upon which interest is paid at a commercial rate

M. Holt Manchester Property Limited (Registered number: 08415934)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
12 Ordinary shares 1 12 12

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2022 63,550 841,930 905,480
Profit for the year 73,117 73,117
Dividends (38,400 ) (38,400 )
At 31 March 2023 98,267 841,930 940,197

10. DIVIDENDS

Dividends 2023 2022
£ £

Interim dividend of £3,200.00 (2022 - £3,200.00) per ordinary share 38,400 38,400

11. DIRECTORS' REMUNERATION

The directors' remuneration for the year was as follows:

2023(£) 2022(£) Remuneration 24,000 24,000


DIVIDENDS PAID TO DIRECTORS

2023(£) 2022(£)
Mr S L Holt
Mr S L Holt 9,600 9,600
Mr D Basger
Mr D Basger 9,600 9,600
Mrs M Basger
Mrs M Basger 9,600 9,600
Mrs M D Holt
Mrs M D Holt 9,600 9,600