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REGISTERED NUMBER: 04869117 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Manchester International Churches of
Christ Estates Ltd

Manchester International Churches of
Christ Estates Ltd (Registered number: 04869117)






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


Manchester International Churches of
Christ Estates Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr I Johnson
Mr P T Anti
Mrs S M Anti
Mr B Kafula
Mr B N Miller
C W Broom
O Soboyejo
I Soboyejo
N Ghalustians





SECRETARY: Mrs S M Anti





REGISTERED OFFICE: 9 Derby Street
Manchester
M8 8QE





REGISTERED NUMBER: 04869117 (England and Wales)





ACCOUNTANTS: Raise
Chartered Accountants
10th Floor
3 Hardman Street
Spinningfields
Manchester
M3 3HF

Manchester International Churches of
Christ Estates Ltd (Registered number: 04869117)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 201,724 205,107

CURRENT ASSETS
Cash at bank 602 67

CREDITORS
Amounts falling due within one year 5 15,950 14,438
NET CURRENT LIABILITIES (15,348 ) (14,371 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,376

190,736

RESERVES
Fair value reserve 6 143,145 143,145
Income and expenditure account 43,231 47,591
186,376 190,736

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





Mrs S M Anti - Director


Manchester International Churches of
Christ Estates Ltd (Registered number: 04869117)

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

1. STATUTORY INFORMATION

Manchester International Churches of Christ Estates Ltd is a private company, limited by guarantee , 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

Basis of preparing the financial statements
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.

Tangible fixed assets
9 Derby Street was acquired on 4 October 2004. The property was acquired from the International Churches of Christ (ICC)which is an organisation to which the Manchester International Churches of Christ Estates is affiliated. The property was valued at £265,000 on acquisition. A payment of £107,500 was made to ICC for this acquisition. The remainder of the balance of £157,500 was recognised as a donation from International Churches of Christ for the purposes of charity accounting. The property is used for worship by the parishioners of ICC Missions. The charity receives rental income from ICC Missions which is used to maintain the property. This property is therefore not treated as investment property on the basis that the property is not being rented for commercial trading purposes and has been leased back to the original vendor who continues to use the property for the original purpose of worship. Manchester International Churches of Christ Estates continues to be connected to ICC Missions due to its affiliation to that organisation.

The freehold building (excluding the land) is depreciated on a straight line basis at 2% per annum.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
The company is a registered charity and is therefore exempt from corporation tax on its charitable activities.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 14 ) .

Manchester International Churches of
Christ Estates Ltd (Registered number: 04869117)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 265,000 8,420 273,420
DEPRECIATION
At 1 January 2023 60,225 8,088 68,313
Charge for year 3,300 83 3,383
At 31 December 2023 63,525 8,171 71,696
NET BOOK VALUE
At 31 December 2023 201,475 249 201,724
At 31 December 2022 204,775 332 205,107

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 15,950 14,438

6. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 143,145

7. LIMITED BY GUARANTEE

In the event of the charity being wound up each member's liability is limited to £1.