Little Manor Ltd |
Registered number: |
14185184 |
Balance Sheet |
as at 30 April 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Investment property |
3 |
|
|
637,614 |
|
|
644,054 |
|
Current assets |
Debtors |
5 |
|
47 |
|
|
1 |
Cash at bank and in hand |
|
|
28,274 |
|
|
7,818 |
|
|
|
28,321 |
|
|
7,819 |
|
Creditors: amounts falling due within one year |
6 |
|
(552,128) |
|
|
(548,314) |
|
Net current liabilities |
|
|
|
(523,807) |
|
|
(540,495) |
|
Total assets less current liabilities |
|
|
|
113,807 |
|
|
103,559 |
|
|
Provisions for liabilities |
|
|
|
(23,101) |
|
|
(24,711) |
|
|
Net assets |
|
|
|
90,706 |
|
|
78,848 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
1 |
|
|
1 |
Fair value reserve |
7 |
|
|
69,302 |
|
|
74,132 |
Profit and loss account |
|
|
|
21,403 |
|
|
4,715 |
|
Shareholder's funds |
|
|
|
90,706 |
|
|
78,848 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their 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. |
|
|
|
|
K C Patel |
Director |
Approved by the board on 1 October 2024 |
|
Little Manor Ltd |
Notes to the Accounts |
for the year ended 30 April 2024 |
|
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 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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Investment property |
|
Investment property is included at 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. |
|
|
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. |
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
3 |
Investment Property |
|
|
|
|
|
|
|
|
Land and buildings |
|
Cost |
£ |
|
At 1 May 2023 |
644,054 |
|
Fair value reserve |
(6,440) |
|
At 30 April 2024 |
637,614 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 30 April 2024 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2024 |
637,614 |
|
At 30 April 2023 |
644,054 |
|
4 |
Taxation |
2024 |
|
2023 |
£ |
£ |
|
Analysis of tax charge |
|
The tax charge on profit for the year was as follows: |
|
Current tax |
|
UK Corporation tax |
5,288 |
|
1,106 |
|
Deferred tax |
(1,610) |
|
24,711 |
|
Tax on Profit |
3,678 |
|
25,817 |
|
|
|
|
|
|
|
|
|
5 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Other debtors |
47 |
|
1 |
|
|
|
|
|
|
47 |
|
1 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
Amounts owed to associated company |
|
544,895 |
|
545,211 |
|
Taxation and social security costs |
5,288 |
|
1,106 |
|
Other creditors |
1,945 |
|
1,997 |
|
|
|
|
|
|
552,128 |
|
548,314 |
|
|
|
|
|
|
|
|
|
|
7 |
Fair value reserve |
2024 |
|
2023 |
|
|
The provision for liability of £23,101 relates to deferred corporation tax in relation to the fair value revaluation of investment property. |
£ |
£ |
|
At 1 May 2023 |
74,132 |
|
- |
|
(Loss)/gain on revaluation of land and buildings |
(6,440) |
|
98,843 |
|
Deferred taxation arising on the revaluation of land and buildings |
1,610 |
|
(24,711) |
|
At 30 April 2024 |
69,302 |
|
74,132 |
|
|
8 |
Other information |
|
|
Little Manor Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
3 Penrose Mead |
|
Writtle |
|
Chelmsford |
|
Essex |
|
CM1 3GD |