Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31false2022-06-01No description of principal activity00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02323391 2022-06-01 2023-05-31 02323391 2021-06-01 2022-05-31 02323391 2023-05-31 02323391 2022-05-31 02323391 c:Director2 2022-06-01 2023-05-31 02323391 d:FurnitureFittings 2022-06-01 2023-05-31 02323391 d:FurnitureFittings 2023-05-31 02323391 d:FurnitureFittings 2022-05-31 02323391 d:CurrentFinancialInstruments 2023-05-31 02323391 d:CurrentFinancialInstruments 2022-05-31 02323391 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 02323391 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 02323391 d:ShareCapital 2023-05-31 02323391 d:ShareCapital 2022-05-31 02323391 d:RevaluationReserve 2023-05-31 02323391 d:RevaluationReserve 2022-05-31 02323391 d:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 02323391 d:RetainedEarningsAccumulatedLosses 2023-05-31 02323391 d:RetainedEarningsAccumulatedLosses 2022-05-31 02323391 c:FRS102 2022-06-01 2023-05-31 02323391 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 02323391 c:FullAccounts 2022-06-01 2023-05-31 02323391 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 02323391 6 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 02323391










MANDEN PROPERTIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Year Ended 31 May 2023

 
MANDEN PROPERTIES LIMITED
Registered number: 02323391

STATEMENT OF FINANCIAL POSITION
As at 31 May 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
175,000
175,000

  
175,000
175,000

Current assets
  

Debtors: amounts falling due within one year
 5 
208,270
208,201

Cash at bank and in hand
  
92,228
79,902

  
300,498
288,103

Creditors: amounts falling due within one year
 6 
(32,569)
(26,518)

Net current assets
  
 
 
267,929
 
 
261,585

Total assets less current liabilities
  
442,929
436,585

  

Net assets
  
442,929
436,585


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
 7 
(67,886)
(67,886)

Profit and loss account
 7 
510,715
504,371

  
442,929
436,585


Page 1

 
MANDEN PROPERTIES LIMITED
Registered number: 02323391
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
As at 31 May 2023

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






M J J Isherwood
Director
Date: 22 January 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MANDEN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 May 2023

1.


General information

Manden Properties Limited, (02323391), is a private company limited by shares. It is incorporated in England & Wales. The registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Page 3

 
MANDEN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 May 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit and loss account

 
2.7

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.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.9

Creditors

Short term creditors are measured at the transaction price.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 4

 
MANDEN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 May 2023

2.Accounting policies (continued)

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Tangible fixed assets





Fixtures & fittings

£



Cost or valuation


At 1 June 2022
403



At 31 May 2023

403



Depreciation


At 1 June 2022
403



At 31 May 2023

403



Net book value



At 31 May 2023
-



At 31 May 2022
-


4.


Investment property





Investment property

£



Cost or valuation


At 1 June 2022
175,000



At 31 May 2023
175,000




The director has assessed that the market value at the year end has remained at the current level.

Page 5

 
MANDEN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 May 2023

5.


Debtors

2023
2022
£
£


Amounts owed by joint ventures and associated undertakings
7,000
7,000

Other debtors
200,654
200,653

Prepayments and accrued income
616
548

208,270
208,201



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
16,066
11,321

Other creditors
14,503
13,197

Accruals and deferred income
2,000
2,000

32,569
26,518



7.


Reserves

Profit & loss account

This reserve represents the accumulated distributable reserves of the company

Investment property reserve
This reserve represents the non-distributable element of the profit and loss account.  It is the accumulated gains and losses on the fair value adjustment of the investment property.


8.


Related party transactions

During a previous year a loan of £150,000 was made to Clemanic Limited, to facilitate a purchase of 50% of Manden Properties Limited's shareholding. The loan remains outstanding as at the year end and is recognised within other debtors.

 
Page 6