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Company Registration No. 10668908 (England and Wales)
MANOR INDUSTRIAL ESTATES LTD Unaudited accounts for the year ended 29 February 2024
MANOR INDUSTRIAL ESTATES LTD Unaudited accounts Contents
Page
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MANOR INDUSTRIAL ESTATES LTD Company Information for the year ended 29 February 2024
Director
David Frank WATTS
Company Number
10668908 (England and Wales)
Registered Office
1 Refuge Cottages Kyrewood Tenbury Wells WR15 8SG England
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MANOR INDUSTRIAL ESTATES LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,165 
11,918 
Investment property
1,715,857 
1,715,857 
1,726,022 
1,727,775 
Current assets
Debtors
770,860 
791,296 
Cash at bank and in hand
6,419 
542 
777,279 
791,838 
Creditors: amounts falling due within one year
(17,772)
(44,170)
Net current assets
759,507 
747,668 
Total assets less current liabilities
2,485,529 
2,475,443 
Creditors: amounts falling due after more than one year
(2,053,563)
(1,847,366)
Net assets
431,966 
628,077 
Capital and reserves
Called up share capital
10,100 
10,100 
Profit and loss account
421,866 
617,977 
Shareholders' funds
431,966 
628,077 
For the year ending 29 February 2024 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 director acknowledges his 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 and authorised for issue on 28 November 2024 and were signed on its behalf by
David Frank WATTS Director Company Registration No. 10668908
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MANOR INDUSTRIAL ESTATES LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
MANOR INDUSTRIAL ESTATES LTD is a private company, limited by shares, registered in England and Wales, registration number 10668908. The registered office is 1 Refuge Cottages, Kyrewood, Tenbury Wells, WR15 8SG, England.
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
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.
Preparation of consolidated financial statements
The financial statements contain information about Manor Industrial Estates Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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.
Investments
Investments are recognised at cost less any impairments.
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
25% on reducing balance
Motor vehicles
25% on reducing balance
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MANOR INDUSTRIAL ESTATES LTD Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
28,250 
- 
28,250 
Additions
- 
1,600 
1,600 
At 29 February 2024
28,250 
1,600 
29,850 
Depreciation
At 1 March 2023
16,332 
- 
16,332 
Charge for the year
2,980 
373 
3,353 
At 29 February 2024
19,312 
373 
19,685 
Net book value
At 29 February 2024
8,938 
1,227 
10,165 
At 28 February 2023
11,918 
- 
11,918 
5
Investment property
2024 
£ 
Fair value at 1 March 2023
1,715,857 
At 29 February 2024
1,715,857 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
58,953 
73,131 
Amounts due from group undertakings etc.
681,607 
682,826 
Other debtors
30,300 
35,339 
770,860 
791,296 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,834 
8,616 
Trade creditors
834 
- 
Taxes and social security
6,054 
34,054 
Accruals
2,050 
1,500 
17,772 
44,170 
The bank loan is secured by way of fixed and floating charge on the property and other assets of the company.
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,948,240 
1,767,364 
Loans from directors
105,323 
80,002 
2,053,563 
1,847,366 
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MANOR INDUSTRIAL ESTATES LTD Notes to the Accounts for the year ended 29 February 2024
9
Transactions with related parties
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
10
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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