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Company Registration No. 13207257 (England and Wales)
Manorgate Five Limited Unaudited accounts for the year ended 28 February 2023
Manorgate Five Limited Unaudited accounts Contents
Page
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Manorgate Five Limited Company Information for the year ended 28 February 2023
Directors
Mark Rickard Darren Surman
Company Number
13207257 (England and Wales)
Registered Office
17 Lake Walk Adderbury Banbury Oxon OX17 3PF United Kingdom
Accountants
Andrew Donaldson 17 Lake Walk Adderbury Banbury OX17 3PF
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Manorgate Five Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,042 
1,934 
Current assets
Inventories
1,712,974 
1,677,919 
Debtors
25 
128 
Cash at bank and in hand
1,787 
75,540 
1,714,786 
1,753,587 
Creditors: amounts falling due within one year
(1,896,981)
(1,845,280)
Net current liabilities
(182,195)
(91,693)
Net liabilities
(181,153)
(89,759)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(181,163)
(89,769)
Shareholders' funds
(181,153)
(89,759)
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by
Darren Surman Director Company Registration No. 13207257
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Manorgate Five Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Manorgate Five Limited is a private company, limited by shares, registered in England and Wales, registration number 13207257. The registered office is 17 Lake Walk, Adderbury, Banbury, Oxon, OX17 3PF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years
Going concern
At 28 February 2023 the company had net liabilities of £181,153 and is reliant on the support of the directors and fellow group companies. This support is expected to continue and these accounts have been prepared on the going concern basis.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2022
2,677 
At 28 February 2023
2,677 
Depreciation
At 1 March 2022
743 
Charge for the year
892 
At 28 February 2023
1,635 
Net book value
At 28 February 2023
1,042 
At 28 February 2022
1,934 
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Manorgate Five Limited Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
25 
128 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
950,609 
931,075 
Loans from directors
807,872 
845,305 
Accruals
138,500 
68,900 
1,896,981 
1,845,280 
7
Transactions with related parties
Current liabilities includes £950,609 (2022 - £931,075) due to Manorgate Group Limited, a fellow group company. This loan is interest free and is repayable on demand. During the period management fees of £19,534 (2022 - £18,562) were charged to the company by Manorgate Group Limited.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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