Manorshore Limited 03701835 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Rental property Digita Accounts Production Advanced 6.30.9574.0 true true 03701835 2022-04-01 2023-03-31 03701835 2023-03-31 03701835 core:CurrentFinancialInstruments 2023-03-31 03701835 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 03701835 core:Non-currentFinancialInstruments 2023-03-31 03701835 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 03701835 core:PlantMachinery 2023-03-31 03701835 bus:SmallEntities 2022-04-01 2023-03-31 03701835 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 03701835 bus:FullAccounts 2022-04-01 2023-03-31 03701835 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 03701835 bus:RegisteredOffice 2022-04-01 2023-03-31 03701835 bus:Director3 2022-04-01 2023-03-31 03701835 bus:Director4 2022-04-01 2023-03-31 03701835 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03701835 core:PlantMachinery 2022-04-01 2023-03-31 03701835 countries:EnglandWales 2022-04-01 2023-03-31 03701835 2022-03-31 03701835 core:PlantMachinery 2022-03-31 03701835 2021-04-01 2022-03-31 03701835 2022-03-31 03701835 core:CurrentFinancialInstruments 2022-03-31 03701835 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 03701835 core:Non-currentFinancialInstruments 2022-03-31 03701835 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 03701835 core:PlantMachinery 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 03701835

Manorshore Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Manorshore Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Manorshore Limited

Company Information

Directors

C Hinks

L Meikle

Registered office

44 Holton Road
Holton Heath Trading Park
Poole
Dorset
BH16 6LT

Accountants

Addicus
Chartered Accountants
4 The Axium Centre Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE

 

Manorshore Limited

(Registration number: 03701835)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

5,837

7,783

Investment property

5

2,445,000

2,295,000

 

2,450,837

2,302,783

Current assets

 

Debtors

6

3,999

13,900

Cash at bank and in hand

 

6,999

39,227

 

10,998

53,127

Creditors: Amounts falling due within one year

7

(133,824)

(109,211)

Net current liabilities

 

(122,826)

(56,084)

Total assets less current liabilities

 

2,328,011

2,246,699

Creditors: Amounts falling due after more than one year

7

(723,523)

(798,249)

Provisions for liabilities

(155,781)

(132,662)

Net assets

 

1,448,707

1,315,788

Capital and reserves

 

Called up share capital

200

200

Retained earnings

1,448,507

1,315,588

Shareholders' funds

 

1,448,707

1,315,788

For the financial 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.

 

Manorshore Limited

(Registration number: 03701835)
Balance Sheet as at 31 March 2023

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 October 2023 and signed on its behalf by:
 


C Hinks
Director


L Meikle
Director

 

Manorshore Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
44 Holton Road
Holton Heath Trading Park
Poole
Dorset
BH16 6LT

These financial statements were authorised for issue by the Board on 26 October 2023.

2

Accounting policies

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Manorshore Limited

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

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable 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 is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

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

Plant and machinery

25% on reducing balance

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.

3

Staff numbers

The average number of persons employed by the company during the year was 0 (2022 - 0).

 

Manorshore Limited

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

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2022

14,742

14,742

At 31 March 2023

14,742

14,742

Depreciation

At 1 April 2022

6,959

6,959

Charge for the year

1,946

1,946

At 31 March 2023

8,905

8,905

Carrying amount

At 31 March 2023

5,837

5,837

At 31 March 2022

7,783

7,783

5

Investment properties

2023
£

At 1 April

2,295,000

Additions

57,443

Fair value adjustments

92,557

At 31 March

2,445,000

Investment property was valued on an open market basis on 31 March 2023 by the directors.

If investment property had not been revalued it would have been included at the historical cost of £1,827,712 (2022 - £1,770,269).

There has been no valuation of investment property by an independent valuer.

 

Manorshore Limited

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

6

Debtors

2023
£

2022
£

Trade debtors

3,899

3,800

Other debtors

100

10,100

3,999

13,900

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

75,499

81,995

Trade creditors

 

8,771

1,538

Taxation and social security

 

28,583

23,023

Accruals and deferred income

 

5,196

1,880

Other creditors

 

15,775

775

 

133,824

109,211

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

723,523

798,249

 

Manorshore Limited

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

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

723,523

798,249

2023
£

2022
£

Current loans and borrowings

Bank borrowings

75,499

81,995