IRIS Accounts Production v24.1.9.2 08373622 Board of Directors 1.1.23 31.12.23 31.12.23 29/7/2024 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh083736222022-12-31083736222023-12-31083736222023-01-012023-12-31083736222021-12-31083736222022-01-012022-12-31083736222022-12-3108373622ns15:EnglandWales2023-01-012023-12-3108373622ns14:PoundSterling2023-01-012023-12-3108373622ns10:Director12023-01-012023-12-3108373622ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3108373622ns10:SmallEntities2023-01-012023-12-3108373622ns10:Audited2023-01-012023-12-3108373622ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3108373622ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3108373622ns10:FullAccounts2023-01-012023-12-3108373622ns10:Director22023-01-012023-12-3108373622ns10:CompanySecretary12023-01-012023-12-3108373622ns10:RegisteredOffice2023-01-012023-12-3108373622ns5:CurrentFinancialInstruments2023-12-3108373622ns5:CurrentFinancialInstruments2022-12-3108373622ns5:Non-currentFinancialInstruments2023-12-3108373622ns5:Non-currentFinancialInstruments2022-12-3108373622ns5:ShareCapital2023-12-3108373622ns5:ShareCapital2022-12-3108373622ns5:RetainedEarningsAccumulatedLosses2023-12-3108373622ns5:RetainedEarningsAccumulatedLosses2022-12-3108373622ns5:LongLeaseholdAssetsns5:LandBuildings2023-01-012023-12-3108373622ns5:PlantMachinery2023-01-012023-12-3108373622ns5:FurnitureFittings2023-01-012023-12-3108373622ns5:MotorVehicles2023-01-012023-12-3108373622ns5:ComputerEquipment2023-01-012023-12-3108373622ns5:LandBuildings2022-12-3108373622ns5:LongLeaseholdAssetsns5:LandBuildings2022-12-3108373622ns5:PlantMachinery2022-12-3108373622ns5:LandBuildings2023-01-012023-12-3108373622ns5:LandBuildings2023-12-3108373622ns5:LongLeaseholdAssetsns5:LandBuildings2023-12-3108373622ns5:PlantMachinery2023-12-3108373622ns5:LandBuildings2022-12-3108373622ns5:LongLeaseholdAssetsns5:LandBuildings2022-12-3108373622ns5:PlantMachinery2022-12-3108373622ns5:FurnitureFittings2022-12-3108373622ns5:MotorVehicles2022-12-3108373622ns5:ComputerEquipment2022-12-3108373622ns5:FurnitureFittings2023-12-3108373622ns5:MotorVehicles2023-12-3108373622ns5:ComputerEquipment2023-12-3108373622ns5:FurnitureFittings2022-12-3108373622ns5:MotorVehicles2022-12-3108373622ns5:ComputerEquipment2022-12-3108373622ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3108373622ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3108373622ns5:LeasedAssetsHeldAsLessee2022-12-3108373622ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3108373622ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3108373622ns5:LeasedAssetsHeldAsLessee2023-12-3108373622ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3108373622ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3108373622ns5:LeasedAssetsHeldAsLessee2022-12-3108373622ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3108373622ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 08373622 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

The Manor By The Lake Cheltenham Ltd

The Manor By The Lake Cheltenham Ltd (Registered number: 08373622)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Manor By The Lake Cheltenham Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M Chittenden
T Madge





SECRETARY: M Chittenden





REGISTERED OFFICE: Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE





REGISTERED NUMBER: 08373622 (England and Wales)





AUDITORS: Cartwrights
Chartered Accountants and Business Advisors
Statutory Auditor
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

The Manor By The Lake Cheltenham Ltd (Registered number: 08373622)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 539,102 697,183

CURRENT ASSETS
Stocks 25,621 21,412
Debtors 5 3,692,440 3,776,278
Cash at bank and in hand 213,518 529,870
3,931,579 4,327,560
CREDITORS
Amounts falling due within one year 6 2,669,446 3,547,727
NET CURRENT ASSETS 1,262,133 779,833
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,801,235

1,477,016

CREDITORS
Amounts falling due after more than one year 7 (570,016 ) (730,709 )

PROVISIONS FOR LIABILITIES (16,460 ) (27,276 )
NET ASSETS 1,214,759 719,031

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,213,759 718,031
SHAREHOLDERS' FUNDS 1,214,759 719,031

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 22 July 2024 and were signed on its behalf by:





M Chittenden - Director


The Manor By The Lake Cheltenham Ltd (Registered number: 08373622)

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

1. STATUTORY INFORMATION

The Manor By The Lake Cheltenham Ltd 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

Compliance with accounting standards
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.

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

Wedding services
Turnover is recognised on the day of the wedding taken place when the company has earned the income and services have been provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 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.

The Manor By The Lake Cheltenham Ltd (Registered number: 08373622)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets
Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at the transaction value.

They are then subsequently carried at amortised cost using the effective interest rate method.

At the end of each reporting period financial assets are assessed for impairment. If an impairment exists the impairment loss is recognised in the income statement.

Financial assets are derecognised when:
- the contractual right to cash flows from the asset are settled or expire,
- substantially all the risk and rewards of the ownership of the asset are transferred to another party or
- despite retaining some significant risks and rewards, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset without additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors are initially recognised at the transaction value.

They are then subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the liability is discharged, cancelled or expires.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 64 (2022 - 65 ) .

The Manor By The Lake Cheltenham Ltd (Registered number: 08373622)

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

4. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST
At 1 January 2023 286,166 236,354 204,714
Additions - - 1,159
At 31 December 2023 286,166 236,354 205,873
DEPRECIATION
At 1 January 2023 3,327 206,663 197,529
Charge for year 5,723 19,021 3,604
At 31 December 2023 9,050 225,684 201,133
NET BOOK VALUE
At 31 December 2023 277,116 10,670 4,740
At 31 December 2022 282,839 29,691 7,185

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 1,630,916 135,591 58,614 2,552,355
Additions 38,373 - 3,787 43,319
At 31 December 2023 1,669,289 135,591 62,401 2,595,674
DEPRECIATION
At 1 January 2023 1,342,758 48,068 56,827 1,855,172
Charge for year 147,106 24,760 1,186 201,400
At 31 December 2023 1,489,864 72,828 58,013 2,056,572
NET BOOK VALUE
At 31 December 2023 179,425 62,763 4,388 539,102
At 31 December 2022 288,158 87,523 1,787 697,183

The Manor By The Lake Cheltenham Ltd (Registered number: 08373622)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 70,288 24,758 95,046
DEPRECIATION
At 1 January 2023
and 31 December 2023 70,288 18,569 88,857
NET BOOK VALUE
At 31 December 2023 - 6,189 6,189
At 31 December 2022 - 6,189 6,189

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 84,175 637,033
Amounts owed by group undertakings 257,277 114,170
Other debtors 3,350,988 3,025,075
3,692,440 3,776,278

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 54,207 52,500
Trade creditors 41,479 31,923
Amounts owed to group undertakings 620,381 1,182,852
Taxation and social security 288,999 260,452
Other creditors 1,664,380 2,020,000
2,669,446 3,547,727

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Bank loans 328,125 380,625
Other creditors 241,891 350,084
570,016 730,709

The Manor By The Lake Cheltenham Ltd (Registered number: 08373622)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31/12/23 31/12/22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 118,125 170,625

8. SECURED DEBTS

Santander UK plc holds a debenture dated 3 December 2018 over the company's assets.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Eric McIntyre (Senior Statutory Auditor)
for and on behalf of Cartwrights

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in other debtors at the balance sheet date, the company was owed the following amounts from companies controlled by the director, M Chittenden:
2023 2022
£    £   
Eastgate Street Ltd 885,230 885,230
International House (CI) Ltd 350,000 350,000
MRM 47 Ltd 537,500 556,470
Manor Studios Ltd 651 651
Sand Dunes (Essex) Ltd 180,000 180,000
The Ordnance Depot Ltd 310,000 365,000
Capcoin Investments Ltd 565,200 465,000
Seckford Properties Ltd 294,617 690


During the reporting period, the company paid rent of £212,700 (2022: £169,100) to the directors, for the building from which the company operates.

Mr Chittenden and Ms Madge have personally guaranteed the amounts due on the hire purchase contracts.

At the balance sheet date, the amount of £2,235 (2022: £7,049) was owed to the directors of the company.

11. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Heritage Rocks Ltd, which is jointly owned by the directors.