Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falsetrue2023-04-01No description of principal activity1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1truefalse 04883937 2023-04-01 2024-03-31 04883937 2022-04-01 2023-03-31 04883937 2024-03-31 04883937 2023-03-31 04883937 c:Director2 2023-04-01 2024-03-31 04883937 d:LeaseholdInvestmentProperty 2024-03-31 04883937 d:LeaseholdInvestmentProperty 2023-03-31 04883937 d:LeaseholdInvestmentProperty 2 2023-04-01 2024-03-31 04883937 d:CurrentFinancialInstruments 2024-03-31 04883937 d:CurrentFinancialInstruments 2023-03-31 04883937 d:Non-currentFinancialInstruments 2024-03-31 04883937 d:Non-currentFinancialInstruments 2023-03-31 04883937 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04883937 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04883937 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 04883937 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 04883937 d:ShareCapital 2024-03-31 04883937 d:ShareCapital 2023-03-31 04883937 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 04883937 d:RetainedEarningsAccumulatedLosses 2024-03-31 04883937 d:RetainedEarningsAccumulatedLosses 2023-03-31 04883937 c:FRS102 2023-04-01 2024-03-31 04883937 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04883937 c:FullAccounts 2023-04-01 2024-03-31 04883937 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04883937 d:WithinOneYear 2024-03-31 04883937 d:WithinOneYear 2023-03-31 04883937 d:BetweenOneFiveYears 2024-03-31 04883937 d:BetweenOneFiveYears 2023-03-31 04883937 d:MoreThanFiveYears 2024-03-31 04883937 d:MoreThanFiveYears 2023-03-31 04883937 d:OtherDeferredTax 2024-03-31 04883937 d:OtherDeferredTax 2023-03-31 04883937 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 04883937










MANCHESTER HACIENDA LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
MANCHESTER HACIENDA LIMITED
REGISTERED NUMBER: 04883937

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
1,350,000
1,150,000

Current assets
  

Debtors: amounts falling due within one year
 5 
6,213
2,819

Cash at bank and in hand
  
17,353
17,085

  
23,566
19,904

Creditors: amounts falling due within one year
 6 
(348,351)
(342,817)

Net current liabilities
  
 
 
(324,785)
 
 
(322,913)

Total assets less current liabilities
  
1,025,215
827,087

Creditors: amounts falling due after more than one year
 7 
(139,304)
(187,354)

Provisions for liabilities
  

Deferred tax
  
(23,632)
-

Net assets
  
862,279
639,733


Capital and reserves
  

Called up share capital 
  
900
900

Profit and loss account
 9 
861,379
638,833

  
862,279
639,733


Page 1

 
MANCHESTER HACIENDA LIMITED
REGISTERED NUMBER: 04883937
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 October 2024.




J E C Hiscocks
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MANCHESTER HACIENDA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Manchester Hacienda Limited is a private Company limited by shares, incorporated in England and Wales (Registered number: 04884937). Its registered office is 2 Ashgate Road, Chesterfield, Derbyshire, S40 4AA. The principal activity of the Company continued to be that of property investment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Rental income represents the rents due for the year under operating leases all of which relate to properties in the United Kingdom.

 
2.3

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Investment property

Investment property is carried at fair value determined annually by the director and is derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit or loss for the year.

Page 3

 
MANCHESTER HACIENDA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Investment property


Long term leasehold investment property

£



Valuation


At 1 April 2023
1,150,000


Surplus on revaluation
200,000



At 31 March 2024
1,350,000

The 2024 valuations were made by the director, on an open market value for existing use basis.







5.


Debtors

2024
2023
£
£


Trade debtors
3,258
1,470

Prepayments and accrued income
2,955
1,349

6,213
2,819


Page 4

 
MANCHESTER HACIENDA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
56,643
54,998

Trade creditors
4,893
1,847

Corporation tax
11,547
10,276

Other taxation and social security
4,128
4,329

Other creditors
271,140
271,367

348,351
342,817



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
139,304
187,354


The bank loan is secured on the leasehold property of the company.


8.


Deferred taxation




2024


£






Charged to profit or loss
23,632



At end of year
23,632

The deferred taxation balance is made up as follows:

2024
2023
£
£


Gain on revaluation of property
23,632
-

23,632
-

Page 5

 
MANCHESTER HACIENDA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Reserves

Profit and loss account

Both previous UK GAAP and FRS 102 require investment properties to be stated in the accounts at their
current market value, with no annual depreciation charge. However, whilst previous UK GAAP stipulated
that the surplus on revaluation of the property should be held in a revaluation reserve, which, being an
unrealised surplus, did not form part of the company's distributable reserves, FRS 102 requires that
these surpluses, although still not distributable, be charged through the profit and loss account.
Consequently the profit and loss account reserve at 31 March 2024 includes a non-distributable
amount of £445,953  (2023: £269,585).


10.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
250
250

Later than 1 year and not later than 5 years
1,000
1,000

Later than 5 years
68,458
68,708

69,708
69,958

 
Page 6