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REGISTERED NUMBER: 08576663 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Manchester Real Estate Ltd

Manchester Real Estate Ltd (Registered number: 08576663)






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


Manchester Real Estate Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: C Bruce





REGISTERED OFFICE: 10-16 Coronation Walk
Southport
Merseyside
PR8 1RE





REGISTERED NUMBER: 08576663 (England and Wales)





ACCOUNTANTS: Haines Watts
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ

Manchester Real Estate Ltd (Registered number: 08576663)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 6,585 9,954
Investment property 5 3,564,400 4,056,449
3,570,985 4,066,403

CURRENT ASSETS
Debtors 6 22,585 8,310
Cash at bank 207,330 139,846
229,915 148,156
CREDITORS
Amounts falling due within one year 7 519,572 568,389
NET CURRENT LIABILITIES (289,657 ) (420,233 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,281,328

3,646,170

CREDITORS
Amounts falling due after more than one
year

8

(3,240,570

)

(3,448,579

)

PROVISIONS FOR LIABILITIES (258,420 ) (378,187 )
NET LIABILITIES (217,662 ) (180,596 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 10 307,917 307,917
Retained earnings (526,579 ) (489,513 )
SHAREHOLDERS' FUNDS (217,662 ) (180,596 )

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 director acknowledges his 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.

Manchester Real Estate Ltd (Registered number: 08576663)

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 director and authorised for issue on 16 November 2023 and were signed by:





C Bruce - Director


Manchester Real Estate Ltd (Registered number: 08576663)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Manchester Real Estate Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Computer equipment - 20% straight line

Investment property
Investment properties are measured at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 July 2022 32,284
Additions 697
At 30 June 2023 32,981
DEPRECIATION
At 1 July 2022 22,330
Charge for year 4,066
At 30 June 2023 26,396
NET BOOK VALUE
At 30 June 2023 6,585
At 30 June 2022 9,954

Manchester Real Estate Ltd (Registered number: 08576663)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. INVESTMENT PROPERTY
Total
£
COST OR VALUATION
At 1 July 2022 4,056,449
Additions 27,743
Disposals (519,792 )
At 30 June 2023 3,564,400
NET BOOK VALUE
At 30 June 2023 3,564,400
At 30 June 2022 4,056,449

Cost or valuation at 30 June 2023 is represented by:
£
Valuation in 2023 3,564,400

The Investment properties have all been professionally valued.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£ £
Other debtors 22,585 8,310

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£ £
Bank loans and overdrafts 192,492 208,753
Trade creditors 16,416 13,771
Taxation and social security 151,645 127,923
Other creditors 159,019 217,942
519,572 568,389

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£ £
Bank loans 1,930,932 2,153,973
Other creditors 1,309,638 1,294,606
3,240,570 3,448,579

Manchester Real Estate Ltd (Registered number: 08576663)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£ £
Secured Debts 2,087,591 2,323,662

Together Commercial Finance Limited holds a fixed and floating charge over all the assets of the company dated 23rd November 2022.

Together Commercial Finance Limited holds a fixed charge over West street car park, west street, PR8 1QN dated 23rd November 2022.

Together Commercial Finance Limited holds a fixed and floating charge over all the assets of the company dated 22 June 2022

Together Commercial Finance Limited holds a fixed and floating charge over Flats 1-7 Coronation Walk, Southport, PR8 1RE dated 24th June 2022

Together Commercial Finance Limited holds a fixed and floating charge over Ground floor and basement at 18 - 20 Coronation Walk, Southport, PR8 1RE dated 24th June 2022

Together Commercial Finance Limited hold charges over 10 to 16 coronation walk and 1 and 3 west street, southport dated 24th June 2022

Together Commercial Finance Limited hold charges over 21B Stanley Street Southport PR9 OBS dated 6 September 2019

10. RESERVES
Revaluation
reserve
£
At 1 July 2022
and 30 June 2023 307,917