Poundbury (Manco 3) Limited 04969598 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is Maintaining Communal land contained in part of the Poundbury development in Dorchester, Dorset. Digita Accounts Production Advanced 6.30.9574.0 true 04969598 2023-01-01 2023-12-31 04969598 2023-12-31 04969598 bus:Director21 2023-12-31 04969598 bus:OrdinaryShareClass1 2023-12-31 04969598 bus:OrdinaryShareClass2 2023-12-31 04969598 core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 04969598 core:OtherReservesSubtotal 2023-12-31 04969598 core:RetainedEarningsAccumulatedLosses 2023-12-31 04969598 core:ShareCapital 2023-12-31 04969598 core:CurrentFinancialInstruments 2023-12-31 04969598 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 04969598 core:PlantMachinery 2023-12-31 04969598 bus:SmallEntities 2023-01-01 2023-12-31 04969598 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04969598 bus:FullAccounts 2023-01-01 2023-12-31 04969598 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04969598 bus:RegisteredOffice 2023-01-01 2023-12-31 04969598 bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 04969598 bus:Director12 2023-01-01 2023-12-31 04969598 bus:Director17 2023-01-01 2023-12-31 04969598 bus:Director19 2023-01-01 2023-12-31 04969598 bus:Director21 2023-01-01 2023-12-31 04969598 bus:Director8 2023-01-01 2023-12-31 04969598 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 04969598 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 04969598 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04969598 bus:Agent1 2023-01-01 2023-12-31 04969598 core:FurtherSpecificReserve1ComponentTotalEquity 2023-01-01 2023-12-31 04969598 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 04969598 core:ShareCapital 2023-01-01 2023-12-31 04969598 core:Vehicles 2023-01-01 2023-12-31 04969598 countries:EnglandWales 2023-01-01 2023-12-31 04969598 2022-12-31 04969598 core:FurtherSpecificReserve1ComponentTotalEquity 2022-12-31 04969598 core:RetainedEarningsAccumulatedLosses 2022-12-31 04969598 core:ShareCapital 2022-12-31 04969598 core:PlantMachinery 2022-12-31 04969598 2022-01-01 2022-12-31 04969598 2022-12-31 04969598 bus:OrdinaryShareClass1 2022-12-31 04969598 bus:OrdinaryShareClass2 2022-12-31 04969598 core:FurtherSpecificReserve1ComponentTotalEquity 2022-12-31 04969598 core:OtherReservesSubtotal 2022-12-31 04969598 core:RetainedEarningsAccumulatedLosses 2022-12-31 04969598 core:ShareCapital 2022-12-31 04969598 core:CurrentFinancialInstruments 2022-12-31 04969598 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 04969598 core:PlantMachinery 2022-12-31 04969598 core:FurtherSpecificReserve1ComponentTotalEquity 2022-01-01 2022-12-31 04969598 core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 04969598 core:ShareCapital 2022-01-01 2022-12-31 04969598 2021-12-31 04969598 core:FurtherSpecificReserve1ComponentTotalEquity 2021-12-31 04969598 core:RetainedEarningsAccumulatedLosses 2021-12-31 04969598 core:ShareCapital 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04969598

Poundbury (Manco 3) Limited

Annual Report and Unaudited Financial Statements Year Ended 31 December 2023

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Chartered Accountants

 

Poundbury (Manco 3) Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Independent Assurance Report

3

Income and Expenditure Account

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 9

 

Poundbury (Manco 3) Limited

Company Information

Directors

Mr P A L Lacey

Mrs P R Thorniley

Mr G Taylor

Dr A C Wyatt

Mr J D Bowerman

Mr R W E R James

Company secretary

Mrs P R Thorniley

Registered office

Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

Accountants

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Poundbury (Manco 3) Limited

Directors' Report
for the Year Ended 31 December 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Principal activity

Maintaining Communal land contained in part of the Poundbury development in Dorchester, Dorset.

Directors of the company

The directors who held office during the year were as follows:

Mr P A L Lacey

Mrs P R Thorniley - Company secretary and director

Mr G Taylor

Dr A C Wyatt

Mr J D Bowerman

Mr R W E R James (appointed 19 June 2023)

Statement of directors responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small companies provision statement

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

Approved by the Board on 6 March 2024 and signed on its behalf by:




Mrs P R Thorniley
Company secretary and director

 

Chartered Accountants' Independent Assurance Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of Poundbury (Manco 3) Limited
for the Year Ended 31 December 2023

We have reviewed the financial statements of Poundbury (Manco 3) Limited for the year ended 31 December 2023, which comprise the Income and Expenditure Account, the Balance Sheet and the related notes 1 to 7. The financial reporting framework that has been applied in their preparation is applicable law and the Financial Reporting Standard 102 (Section 1A).

This report is made solely to the Company's directors, as a body, in accordance with the terms of our engagement letter dated 31 January 2021. Our review has been undertaken so that we may state to the company’s directors those matters we have agreed with them in our engagement letter and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors as a body for our work, for this report or the conclusions we have formed.

Directors’ Responsibility for the Financial Statements
As explained more fully in the Directors’ Responsibilities Statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view.

Accountants’ Responsibility
Our responsibility is to express a conclusion based on our review of the financial statements. We conducted our review in accordance with International Standard on Review Engagements (ISRE) 2400 (Revised), Engagements to review historical financial statements and ICAEW Technical Release TECH 09/13AAF Assurance review engagements on historical financial statements. ISRE 2400 also requires us to comply with the ICAEW Code of Ethics.

Scope of the Assurance Review
A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement. We have performed additional procedures to those required under a compilation engagement. These primarily consist of making enquiries of management and others within the entity, as appropriate, applying analytical procedures and evaluating the evidence obtained. The procedures performed in a review are substantially less than those performed in an audit conducted in accordance with International Standards on Auditing (UK and Ireland). Accordingly, we do not express an audit opinion on these financial statements.

Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared:

so as to give a true and fair view of the state of the company’s affairs as at 31 December 2023, and of its surplus for the year then ended;

in accordance with United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities; and

in accordance with the requirements of the Companies Act 2006.






Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

6 March 2024

 

Poundbury (Manco 3) Limited

Income and expenditure account
for the Year Ended 31 December 2023

2023
£

2022
£

Turnover

134,060

108,205

Gross surplus

134,060

108,205

Administrative expenses

(118,474)

(103,912)

Other operating income

29,000

-

Operating surplus

44,586

4,293

Other interest receivable and similar income

2,777

1,038

Surplus before tax

47,363

5,331

Tax on surplus

(528)

(197)

Surplus for the financial year

46,835

5,134

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Poundbury (Manco 3) Limited

(Registration number: 04969598)
Balance Sheet as at 31 December 2023

Note

2023
 

2022
 

   

£

£

£

£

Fixed assets

   

 

Tangible assets

4

 

-

 

-

Current assets

   

 

Debtors

5

50,560

 

11,369

 

Cash at bank and in hand

 

380,648

 

371,324

 

   

431,208

 

382,693

Creditors: Amounts falling due within one year

6

 

(23,545)

 

(21,867)

Net current assets

   

407,663

 

360,826

Net assets

   

407,663

 

360,826

Capital and reserves

   

 

Called up share capital

7

815

 

813

 

Repairs reserve

400,000

 

350,000

 

Income and expenditure account

6,848

 

10,013

 

Shareholders' funds

   

407,663

 

360,826

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 6 March 2024 and signed on its behalf by:
 



Mr G Taylor
Director

 

Poundbury (Manco 3) Limited

Statement of Changes in Equity
for the Year Ended 31 December 2023

Share capital
£

Repairs reserve
£

Income and expenditure account
£

Total
£

At 1 January 2023

813

350,000

10,013

360,826

Surplus for the year

-

-

46,835

46,835

Total comprehensive income

-

-

46,835

46,835

New share capital subscribed

2

-

-

2

Transfers

-

50,000

(50,000)

-

At 31 December 2023

815

400,000

6,848

407,663

Share capital
£

Repair reserves
£

Income and expenditure account
£

Total
£

At 1 January 2022

813

345,000

9,879

355,692

Surplus for the year

-

-

5,134

5,134

Total comprehensive income

-

-

5,134

5,134

Transfers

-

5,000

(5,000)

-

At 31 December 2022

813

350,000

10,013

360,826

 

Poundbury (Manco 3) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA
 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax and rebates.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax on investment income only.

The current 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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Plant and Machinery - 5 years

 

Poundbury (Manco 3) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023

Cash and cash equivalents

Cash and cash equivalents comprises of cash on hand.

Trade debtors

Trade debtors are amounts due from shareholders for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2022 - 0). The average number of directors on the board during the year, was 6 (2022 - 6).

4

Tangible assets

Plant and machinery
£

Total
£

Cost

At 1 January 2023

46,132

46,132

At 31 December 2023

46,132

46,132

Depreciation

At 1 January 2023

46,132

46,132

At 31 December 2023

46,132

46,132

Carrying amount

At 31 December 2023

-

-

At 31 December 2022

-

-

5

Debtors

Current

2023
£

2022
£

Trade debtors

462

184

Prepayments

2,790

4,812

Other debtors

47,308

6,373

 

50,560

11,369

 

Poundbury (Manco 3) Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023

6

Creditors

2023
£

2022
£

Due within one year

 

Trade creditors

 

8,395

12,651

VAT Control account

 

1,504

-

Corporation Tax

 

722

337

Accruals and deferred income

 

12,924

8,879

 

23,545

21,867

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

814

814

812

812

'A' share of £1 each

1

1

1

1

 

815

815

813

813

2 additional ordinary shares were allotted during the year at par.

The 'A' share carries enhanced voting rights as a result of which no resolution can be passed in general meeting of the company unless the holder of this share, or his representative, has voted in favour.