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REGISTERED NUMBER: 03612470 (England and Wales)















Financial Statements for the Year Ended 31 August 2023

for

Manlow Limited

Manlow Limited (Registered number: 03612470)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Manlow Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: N Piasecki
Mrs J L Piasecki





SECRETARIES: N Piasecki
Mrs J L Piasecki





REGISTERED OFFICE: 1 Manor Farm Cottage
Peppard Common
Henley On Thames
Oxfordshire
RG9 5LB





REGISTERED NUMBER: 03612470 (England and Wales)





ACCOUNTANTS: K P Cox Accounting Ltd
35 Penpont Water
Didcot
Oxfordshire
OX11 7LR

Manlow Limited (Registered number: 03612470)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,862,625 3,707,625

CURRENT ASSETS
Stocks - 129,279
Debtors 5 5,750 18,375
Cash at bank 34,641 38,714
40,391 186,368
CREDITORS
Amounts falling due within one year 6 378,445 441,959
NET CURRENT LIABILITIES (338,054 ) (255,591 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,524,571

3,452,034

CREDITORS
Amounts falling due after more than one
year

7

(2,079,777

)

(2,085,344

)

PROVISIONS FOR LIABILITIES (46,655 ) (46,655 )
NET ASSETS 1,398,139 1,320,035

CAPITAL AND RESERVES
Called up share capital 9 4 4
Fair value reserve 10 574,272 574,272
Retained earnings 823,863 745,759
SHAREHOLDERS' FUNDS 1,398,139 1,320,035

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Manlow Limited (Registered number: 03612470)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 7 April 2024 and were signed on its behalf by:





N Piasecki - Director


Manlow Limited (Registered number: 03612470)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Manlow Limited 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is stated at the lower of cost and net realisable value. Cost comprises of direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Net realisable value is estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Manlow Limited (Registered number: 03612470)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 3,707,625
Additions 155,000
At 31 August 2023 3,862,625
NET BOOK VALUE
At 31 August 2023 3,862,625
At 31 August 2022 3,707,625

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2017 574,272
Cost 3,288,353
3,862,625

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 5,750 18,375

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors - 150
Taxation and social security 10,777 9,914
Other creditors 367,668 431,895
378,445 441,959

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 2,079,777 2,085,344

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 2,044,525 2,044,525

Manlow Limited (Registered number: 03612470)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank loans 2,079,777 2,085,344

The bank loans are secured against the company's investment properties.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
2 Ordinary A £1 2 2
2 Ordinary B £1 2 2
4 4

10. RESERVES
Fair
value
reserve
£   
At 1 September 2022
and 31 August 2023 574,272

11. RELATED PARTY DISCLOSURES

N Piasecki is a director of the company. During the year the company repaid £53,595 of the loan to N Piasecki. At the end of the year the company owed N Piasecki £338,800, (2022: £392,395). The loan is interest free and has no set date for repayment.