Registered number
09195577
Manor House (1707) Ltd
Filleted Accounts
30 November 2023
Manor House (1707) Ltd
Registered number: 09195577
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 588,709 594,461
Investments 4 100 100
588,809 594,561
Current assets
Stocks - 1,589
Debtors 5 3,618 7,102
Cash at bank and in hand 20,420 9,496
24,038 18,187
Creditors: amounts falling due within one year 6 (56,056) (49,203)
Net current liabilities (32,018) (31,016)
Total assets less current liabilities 556,791 563,545
Creditors: amounts falling due after more than one year 7 (158,219) (178,869)
Provisions for liabilities (6,046) (6,177)
Net assets 392,526 378,499
Capital and reserves
Called up share capital 200 200
Profit and loss account 392,326 378,299
Shareholders' funds 392,526 378,499
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
E Parsons
Director
Approved by the board on 5 August 2024
Manor House (1707) Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods, rental income and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings Ranging from 0% to 10% straight line
Plant and machinery Ranging from 10% to 33.33% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 9 7
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2022 579,161 52,243 631,404
Additions 3,105 - 3,105
At 30 November 2023 582,266 52,243 634,509
Depreciation
At 1 December 2022 14,274 22,669 36,943
Charge for the year 5,091 3,766 8,857
At 30 November 2023 19,365 26,435 45,800
Net book value
At 30 November 2023 562,901 25,808 588,709
At 30 November 2022 564,887 29,574 594,461
4 Investments
Other
investments
£
Cost
At 1 December 2022 100
At 30 November 2023 100
5 Debtors 2023 2022
£ £
Trade debtors - 4,261
Other debtors 3,618 2,841
3,618 7,102
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 23,057 23,057
Trade creditors 1,933 1,296
Taxation and social security costs 8,903 5,329
Other creditors 22,163 19,521
56,056 49,203
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 158,219 178,869
8 Loans 2023 2022
£ £
Creditors include:
Instalments falling due for payment after more than five years 86,572 86,572
Secured bank loans 201,926 201,926
The bank loans are secured on the property.
9 Controlling party
The ulimate parent company is Manor House (1707) Group Limited, a company registered in England & Wales.
10 Other information
Manor House (1707) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Manor House West End
Sedgefield
Stockton-on-Tees
County Durham
TS21 2BW
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