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REGISTERED NUMBER: 09662232 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 20 NOVEMBER 2023

FOR

MANISON DEVELOPMENTS LIMITED

MANISON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09662232)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 20 NOVEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MANISON DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 20 NOVEMBER 2023







DIRECTOR: P A Manison





SECRETARY: Mrs R Manison





REGISTERED OFFICE: 44 St Peters Road
Pedmore
Stourbridge
West Midlands
DY9 0TX





REGISTERED NUMBER: 09662232 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

MANISON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09662232)

STATEMENT OF FINANCIAL POSITION
20 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 200,000 157,340

CURRENT ASSETS
Debtors 5 - 12,270
Cash at bank 837 2,235
837 14,505
CREDITORS
Amounts falling due within one year 6 94,103 103,114
NET CURRENT LIABILITIES (93,266 ) (88,609 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,734

68,731

CREDITORS
Amounts falling due after more than one
year

7

(60,731

)

(62,561

)

PROVISIONS FOR LIABILITIES 9 (8,100 ) -
NET ASSETS 37,903 6,170

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 34,560 -
Retained earnings 11 3,243 6,070
SHAREHOLDERS' FUNDS 37,903 6,170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 20 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 20 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 profit or loss 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.

MANISON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09662232)

STATEMENT OF FINANCIAL POSITION - continued
20 NOVEMBER 2023


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 director and authorised for issue on 17 October 2024 and were signed by:





P A Manison - Director


MANISON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09662232)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 20 NOVEMBER 2023

1. STATUTORY INFORMATION

Manison Developments Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2022 - 1 ) .

MANISON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09662232)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 20 NOVEMBER 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 21 November 2022 157,340
Revaluations 42,660
At 20 November 2023 200,000
NET BOOK VALUE
At 20 November 2023 200,000
At 20 November 2022 157,340

Investment properties were revalued on an open market basis on the 20th November 2023 by the director. The director is of the opinion that £200,000 is the fair value at 20th November 2023.

Fair value at 20 November 2023 is represented by:
£   
Valuation in 2023 42,660
Cost 157,340
200,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 12,270

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,256 2,587
Trade creditors 17,639 35,279
Taxation and social security 257 1,424
Other creditors 73,951 63,824
94,103 103,114

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 60,731 62,561

MANISON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09662232)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 20 NOVEMBER 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 62,987 65,148

Bank borrowings are secured by a legal mortgage over the freehold property known as 7 & 21 Wendover Road, Rowley Regis and a fixed and floating charge over all assets of the Company.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 8,100 -

Deferred
tax
£   
Provided during year 8,100
Balance at 20 November 2023 8,100

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1.00 100 100

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 21 November 2022 6,070 - 6,070
Deficit for the year (8,927 ) (8,927 )
Dividends (2,000 ) (2,000 )
Property revaluation 8,100 34,560 42,660
At 20 November 2023 3,243 34,560 37,803

Deferred tax provisions of £8100 are provided against the investment property revaluation and included in the Non-distributable fair value reserve.