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REGISTERED NUMBER: SC557378 (Scotland)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

MANORBRAE LTD

MANORBRAE LTD (REGISTERED NUMBER: SC557378)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Report of the Director 2

Income Statement 3

Statement of Financial Position 4

Statement of Changes in Equity 5

Notes to the Financial Statements 6


MANORBRAE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: James Walker





REGISTERED OFFICE: 4d Auchingramont Road
Hamilton
ML3 6JT





BUSINESS ADDRESS: 4/6 82 Mitchell Street
Glasgow
G1 3NA





REGISTERED NUMBER: SC557378 (Scotland)





ACCOUNTANTS: William Duncan (UK) Limited
Chartered Accountants
4d Auchingramont Road
Hamilton
ML3 6JT

MANORBRAE LTD (REGISTERED NUMBER: SC557378)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 28 FEBRUARY 2023


The director presents his report with the financial statements of the company for the year ended 28 February 2023.

DIRECTOR
James Walker held office during the whole of the period from 1 March 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





James Walker - Director


26 January 2024

MANORBRAE LTD (REGISTERED NUMBER: SC557378)

INCOME STATEMENT
FOR THE YEAR ENDED 28 FEBRUARY 2023

28.2.23 28.2.22
£    £   

TURNOVER - -

Administrative expenses 39,982 33,646
(39,982 ) (33,646 )

Other operating income 29,505 35,538
(10,477 ) 1,892


Interest payable and similar expenses 215 184
(LOSS)/PROFIT BEFORE TAXATION (10,692 ) 1,708

Tax on (loss)/profit (325 ) 325
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(10,367

)

1,383

MANORBRAE LTD (REGISTERED NUMBER: SC557378)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £   
CURRENT ASSETS
Debtors 4 8,325 8,000
Cash at bank 15,548 27,160
23,873 35,160
CREDITORS
Amounts falling due within one year 5 7,430 10,767
NET CURRENT ASSETS 16,443 24,393
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,443

24,393

CREDITORS
Amounts falling due after more than one
year

6

2,417

-
NET ASSETS 14,026 24,393

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 14,025 24,392
14,026 24,393

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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

The financial statements were approved by the director and authorised for issue on 26 January 2024 and were signed by:





James Walker - Director


MANORBRAE LTD (REGISTERED NUMBER: SC557378)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 FEBRUARY 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 March 2021 - 23,009 23,009

Changes in equity
Issue of share capital 1 - 1
Total comprehensive income - 1,383 1,383
Balance at 28 February 2022 1 24,392 24,393

Changes in equity
Total comprehensive income - (10,367 ) (10,367 )
Balance at 28 February 2023 1 14,025 14,026

MANORBRAE LTD (REGISTERED NUMBER: SC557378)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Manorbrae Ltd is a private company, limited by shares , registered in Scotland. 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.

Financial instruments
Basic financial instruments are recognised as follows:

(i) Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method less any impairment.

(ii) Cash and cash equivalents
Cash and cash equivalents include cash at bank and in hand.

Cash and cash equivalents are shown net of bank overdrafts, which are included as current borrowings in liabilities on the statement of financial position.

(iii) Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

MANORBRAE LTD (REGISTERED NUMBER: SC557378)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued

Provision for liabilities
The company recognises a provision for annual leave accrued by employees as a result of services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 8,325 8,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 1,000 -
Corporation tax 5,710 5,710
Other creditors - 5,057
Accrued charges 720 -
7,430 10,767

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 2,417 -