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REGISTERED NUMBER: 10821081 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Manor Retail Group Limited

Manor Retail Group Limited (Registered number: 10821081)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Manor Retail Group Limited (Registered number: 10821081)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,328,957 1,344,539

CURRENT ASSETS
Stocks 113,812 130,909
Debtors 5 11,209 25,103
Cash at bank 103,993 160,523
229,014 316,535
CREDITORS
Amounts falling due within one year 6 316,030 457,945
NET CURRENT LIABILITIES (87,016 ) (141,410 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,241,941 1,203,129

CREDITORS
Amounts falling due after more than one year 7 1,390,000 1,390,000
NET LIABILITIES (148,059 ) (186,871 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (148,159 ) (186,971 )
SHAREHOLDERS' FUNDS (148,059 ) (186,871 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2024 and were signed on its behalf by:





J E Brough - Director


Manor Retail Group Limited (Registered number: 10821081)

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

1. STATUTORY INFORMATION

Manor Retail Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10821081

Registered office: 5 Prestbury Road
Macclesfield
Cheshire
SK10 1AU

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on a going concern basis notwithstanding the deficit in net assets. The main creditor of the company is its preference share capital of £1,390,000 (2022: £1,390,000). This preference share capital is not redeemable for the foreseeable future and therefore the directors are satisfied that the development of the company will be supported for the next year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the goods supplied.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Manor Retail Group Limited (Registered number: 10821081)

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

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 October 2022 1,482,861 298,052 1,780,913
Additions - 21,765 21,765
At 30 September 2023 1,482,861 319,817 1,802,678
DEPRECIATION
At 1 October 2022 142,941 293,433 436,374
Charge for year 29,658 7,689 37,347
At 30 September 2023 172,599 301,122 473,721
NET BOOK VALUE
At 30 September 2023 1,310,262 18,695 1,328,957
At 30 September 2022 1,339,920 4,619 1,344,539

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,281 17,291
Other debtors 4,928 7,812
11,209 25,103

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 154,665 169,563
Taxation and social security 27,201 37,616
Other creditors 134,164 250,766
316,030 457,945

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 1,390,000 1,390,000

Manor Retail Group Limited (Registered number: 10821081)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Preference shares 1,390,000 1,390,000

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Preference shares 1,390,000 1,390,000

Allotted, issued and fully paid:

Number:Class:Nominal
value:£
1,390,0000% Redeemable preference£11,390,000

1,390,000 0% Redeemable preference shares of £1

The 0% redeemable preference shares are non-equity shares which carry an entitlement to a dividend at the rate of 0p per share per annum. The 0% redeemable preference shares carry no voting rights but rank before the ordinary shares on winding up.