MANGREEN COUNTRY HOUSE RETREATS LTD

Company Registration Number:
10269184 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

MANGREEN COUNTRY HOUSE RETREATS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

MANGREEN COUNTRY HOUSE RETREATS LTD

Company Information

for the Period Ended 31 December 2023




Director: Angela Mary Sellens Drake
Susan Ann Eagle
Sarah Caroline Coleman
Timothy Eagle
Patricia Holton
Jon Fisher
Registered office: Mangreen Hall
Mangreen
Swardeston
Norwich
GBR
NR14 8DD
Company Registration Number: 10269184 (England and Wales)

MANGREEN COUNTRY HOUSE RETREATS LTD

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 32,160 36,425
Total fixed assets: 32,160 36,425
Current assets
Stocks: 300 0
Debtors: 5,008 5,218
Cash at bank and in hand: 112,735 112,623
Total current assets: 118,043 117,841
Creditors: amounts falling due within one year: ( 22,393 ) ( 8,395 )
Net current assets (liabilities): 95,650 109,446
Total assets less current liabilities: 127,810 145,871
Creditors: amounts falling due after more than one year: ( 44,000 ) ( 64,000 )
Total net assets (liabilities): 83,810 81,871

The notes form part of these financial statements

MANGREEN COUNTRY HOUSE RETREATS LTD

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 83,710 81,771
Shareholders funds: 83,810 81,871

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 June 2024
And Signed On Behalf Of The Board By:

Name: Susan Ann Eagle
Status: Director

Name: Timothy Eagle
Status: Director

The notes form part of these financial statements

MANGREEN COUNTRY HOUSE RETREATS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises of the invoiced value of goods and services supplied by the company, net of Value Added Tax

    Tangible fixed assets depreciation policy

    Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment.
    Assets are written off at 15% on a reducing balance

    Other accounting policies

    The Financial Statements are prepared on a Going Concern basis. Mangreen Country House Retreats Ltd continues to be supported by Mangreen Trust including by means of the intercompany loan

MANGREEN COUNTRY HOUSE RETREATS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 5 5

MANGREEN COUNTRY HOUSE RETREATS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

MANGREEN COUNTRY HOUSE RETREATS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 64,920
Additions 1,410
Disposals -
Revaluations -
Transfers -
At 31 December 2023 66,330
Depreciation
At 01 January 2023 28,495
Charge for year 5,675
On disposals -
Other adjustments -
At 31 December 2023 34,170
Net book value
At 31 December 2023 32,160
At 31 December 2022 36,425

MANGREEN COUNTRY HOUSE RETREATS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 5. Changes in presentation and prior period adjustments

    The Trustees have recognised the need for greater clarity in the presentation of the intercompany loan from the parent company Mangreen Trust to its wholly owned subsidiary Mangreen Country House Retreats Ltd. This is reflected in the restated balance sheet. The intercompany loan is separate from the other intercompany transactions representing the everyday operations of the differing activities.

MANGREEN COUNTRY HOUSE RETREATS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6.1.Related party disclosures

Name of related party: Mangreen Trust
Description of relationship:
Parent of the wholly owned subsidiary Mangreen Country House Ltd
Description of the transaction:
Long term loan provided to set up the Country House Retreat
Balance at 01 January 2023 64,000
Balance at 31 December 2023 44,000

The intention is that the amount owing to the parent company will be paid off in installments