0 false false false false false false false false false true false false false false false false No description of principal activity 2022-08-01 Sage Accounts Production Advanced 2021 - FRS102_2021 489,250 489,250 489,250 xbrli:pure xbrli:shares iso4217:GBP 01060400 2022-08-01 2023-07-31 01060400 2023-07-31 01060400 2022-07-31 01060400 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 01060400 bus:Director2 2022-08-01 2023-07-31 01060400 core:WithinOneYear 2023-07-31 01060400 core:WithinOneYear 2022-07-31 01060400 core:ShareCapital 2023-07-31 01060400 core:ShareCapital 2022-07-31 01060400 core:RetainedEarningsAccumulatedLosses 2023-07-31 01060400 core:RetainedEarningsAccumulatedLosses 2022-07-31 01060400 core:LandBuildings 2023-07-31 01060400 core:LandBuildings 2022-07-31 01060400 bus:SmallEntities 2022-08-01 2023-07-31 01060400 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 01060400 bus:FullAccounts 2022-08-01 2023-07-31 01060400 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 01060400 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 01060400 bus:OrdinaryShareClass1 2023-07-31 01060400 bus:OrdinaryShareClass1 2022-07-31
COMPANY REGISTRATION NUMBER: 01060400
Manning of Fishponds Limited
Filleted Unaudited Financial Statements
31 July 2023
Manning of Fishponds Limited
Statement of Financial Position
31 July 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
489,250
489,250
Current assets
Debtors
5
100,549
87,486
Cash at bank and in hand
208,659
172,582
---------
---------
309,208
260,068
Creditors: amounts falling due within one year
6
36,443
23,625
---------
---------
Net current assets
272,765
236,443
---------
---------
Total assets less current liabilities
762,015
725,693
---------
---------
Net assets
762,015
725,693
---------
---------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
761,915
725,593
---------
---------
Shareholder funds
762,015
725,693
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Manning of Fishponds Limited
Statement of Financial Position (continued)
31 July 2023
These financial statements were approved by the board of directors and authorised for issue on 10 April 2024 , and are signed on behalf of the board by:
Mr M W Manning
Director
Company registration number: 01060400
Manning of Fishponds Limited
Notes to the Financial Statements
Year ended 31 July 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Serridge House, Ruffet Road, Henfield, South Glos, BS36 2UY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents rental income receivable. Rental income is recognised evenly over the rental period to which it relates.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Tangible assets
Land and buildings
£
Cost
At 1 August 2022 and 31 July 2023
489,250
---------
Depreciation
At 1 August 2022 and 31 July 2023
---------
Carrying amount
At 31 July 2023
489,250
---------
At 31 July 2022
489,250
---------
Included within the above is investment property as follows:
£
---------
At 1 August 2022 and 31 July 2023
489,250
---------
The investment property is included in the balance sheet at open market value on 31 July 2023 as valued by Mr M Manning, a director.
5. Debtors
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
100,549
87,486
---------
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
25,636
16,082
Other creditors
10,807
7,543
--------
--------
36,443
23,625
--------
--------
7. Financial instruments
The carrying amount for each category of financial instrument is as follows:
2023
2022
£
£
Financial assets measured at fair value through profit or loss
Financial assets measured at fair value through profit or loss
489,250
489,250
---------
---------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
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