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Company Registration No. 02197863 (England and Wales)
Manorgrove Estates Limited Unaudited accounts for the year ended 31 December 2023
Manorgrove Estates Limited Unaudited accounts Contents
Page
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Manorgrove Estates Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
38 
47 
Investment property
6,809,407 
6,809,407 
6,809,445 
6,809,454 
Current assets
Debtors
48,814 
76,002 
Cash at bank and in hand
477,517 
130,200 
526,331 
206,202 
Creditors: amounts falling due within one year
(191,345)
(155,106)
Net current assets
334,986 
51,096 
Total assets less current liabilities
7,144,431 
6,860,550 
Provisions for liabilities
Deferred tax
(72,812)
(72,812)
Net assets
7,071,619 
6,787,738 
Capital and reserves
Called up share capital
1,020 
1,020 
Revaluation reserve
274,833 
274,833 
Profit and loss account
6,795,766 
6,511,885 
Shareholders' funds
7,071,619 
6,787,738 
For the 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. 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
Malcolm D Wells Director Company Registration No. 02197863
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Manorgrove Estates Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Manorgrove Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 02197863. The registered office is Spring House, Bath Row, Stamford, Lincolnshire, PE9 2QX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Computer equipment
20% reducing balance & 33% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Manorgrove Estates Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
460 
455 
915 
At 31 December 2023
460 
455 
915 
Depreciation
At 1 January 2023
420 
448 
868 
Charge for the year
8 
1 
9 
At 31 December 2023
428 
449 
877 
Net book value
At 31 December 2023
32 
6 
38 
At 31 December 2022
40 
7 
47 
5
Investment property
2023 
£ 
Fair value at 1 January 2023
6,809,407 
At 31 December 2023
6,809,407 
As at the 31st December 2021, the investment properties were valued at market value. These were done by Mr M. D. Wells & Mr H. M. Wells, both of which are members of the Royal Institute of Chartered Surveyors.
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,003 
16,170 
Amounts due from group undertakings etc.
- 
25,000 
Accrued income and prepayments
6,394 
6,253 
Other debtors
29,417 
28,579 
48,814 
76,002 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
57,838 
51,688 
Taxes and social security
104,090 
74,839 
Other creditors
29,417 
28,579 
191,345 
155,106 
8
Transactions with related parties
As at the 31st December 2023 within debtors, £nil ( 2022 - £25,000) was owed from a related party, for which the majority of directors have a participating interest in. This loan is interest free and is repayable on demand.
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Manorgrove Estates Limited Notes to the Accounts for the year ended 31 December 2023
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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