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
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
MANOR INDUSTRIAL ESTATES LTD
Statement of financial position
as at 29 February 2024
Tangible assets
10,165
11,918
Investment property
1,715,857
1,715,857
Cash at bank and in hand
6,419
542
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
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
MANOR INDUSTRIAL ESTATES LTD
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
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.
The accounts are presented in £ sterling.
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 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 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
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
At 29 February 2024
28,250
1,600
29,850
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
At 29 February 2024
8,938
1,227
10,165
At 28 February 2023
11,918
-
11,918
Fair value at 1 March 2023
1,715,857
At 29 February 2024
1,715,857
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
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,834
8,616
Taxes and social security
6,054
34,054
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
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).