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REGISTERED NUMBER: 09932929 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

MAINPRIOR LIMITED

MAINPRIOR LIMITED (REGISTERED NUMBER: 09932929)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAINPRIOR LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Mrs A S Fitton
Mr J R Fitton





SECRETARY:





REGISTERED OFFICE: 17 Annable Road
Droylsden
Greater Manchester
M43 7FD





REGISTERED NUMBER: 09932929 (England and Wales)





ACCOUNTANTS: Moss and Williamson Limited
Chartered Accountants
11 Stamford Street
Stalybridge
Cheshire
SK15 1JP

MAINPRIOR LIMITED (REGISTERED NUMBER: 09932929)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 5 541,273 541,273

CREDITORS
Amounts falling due within one year 6 342,893 334,565
NET CURRENT LIABILITIES (342,893 ) (334,565 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,380

206,708

CREDITORS
Amounts falling due after more than one
year

7

197,703

206,028
NET ASSETS 677 680

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 577 580
SHAREHOLDERS' FUNDS 677 680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2024 and were signed on its behalf by:





Mrs A S Fitton - Director


MAINPRIOR LIMITED (REGISTERED NUMBER: 09932929)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Mainprior 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 541,273
NET BOOK VALUE
At 31 March 2024 541,273
At 31 March 2023 541,273

The company hold the whole of the ordinary issued share capital of Bright Futures Day Nursery Limited a company incorporated in England and Wales and operating as a day nursery.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 11,000 11,000
Other creditors 331,893 323,565
342,893 334,565

MAINPRIOR LIMITED (REGISTERED NUMBER: 09932929)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 197,703 206,028

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 153,703 162,028

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 208,703 217,028

The bank loan is repayable over a 25 year period and HSBC hold a fixed and floating charge over all assets.

9. RELATED PARTY DISCLOSURES

During the trading period the company rendered management charges to its wholly owned subsidiary Bright Futures Day Nursery Limited amounting to £20,100..

10. ULTIMATE CONTROLLING PARTY

The company is under the joint control of Mrs A S Fitton and Mr J R Fitton who together own 100% of the issued share capital.