IRIS Accounts Production v24.3.0.553 04609803 director 1.1.23 31.12.23 31.12.23 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046098032022-12-31046098032023-12-31046098032023-01-012023-12-31046098032021-12-31046098032022-01-012022-12-31046098032022-12-3104609803ns15:EnglandWales2023-01-012023-12-3104609803ns14:PoundSterling2023-01-012023-12-3104609803ns10:Director12023-01-012023-12-3104609803ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104609803ns10:SmallEntities2023-01-012023-12-3104609803ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104609803ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104609803ns10:FullAccounts2023-01-012023-12-3104609803ns10:OrdinaryShareClass12023-01-012023-12-3104609803ns10:CompanySecretary12023-01-012023-12-3104609803ns10:RegisteredOffice2023-01-012023-12-3104609803ns5:CurrentFinancialInstruments2023-12-3104609803ns5:CurrentFinancialInstruments2022-12-3104609803ns5:Non-currentFinancialInstruments2023-12-3104609803ns5:Non-currentFinancialInstruments2022-12-3104609803ns5:ShareCapital2023-12-3104609803ns5:ShareCapital2022-12-3104609803ns5:RetainedEarningsAccumulatedLosses2023-12-3104609803ns5:RetainedEarningsAccumulatedLosses2022-12-3104609803ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3104609803ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3104609803ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-12-3104609803ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-12-3104609803ns5:Secured2023-12-3104609803ns5:Secured2022-12-3104609803ns10:OrdinaryShareClass12023-12-3104609803ns5:RetainedEarningsAccumulatedLosses2022-12-3104609803ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 04609803 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MANORGALE LTD

MANORGALE LTD (REGISTERED NUMBER: 04609803)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MANORGALE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: A Finer





SECRETARY: H Ball





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 04609803 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

MANORGALE LTD (REGISTERED NUMBER: 04609803)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Investment property 5 470,706 470,706

CURRENT ASSETS
Debtors 6 167,443 169,406

CREDITORS
Amounts falling due within one year 7 (41,453 ) (41,394 )
NET CURRENT ASSETS 125,990 128,012
TOTAL ASSETS LESS CURRENT
LIABILITIES

596,696

598,718

CREDITORS
Amounts falling due after more than one
year

8

(394,676

)

(394,676

)
NET ASSETS 202,020 204,042

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 201,920 203,942
SHAREHOLDERS' FUNDS 202,020 204,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 and authorized for issue by the director and authorised for issue on 23 December 2024 and were signed by:



A Finer - Director


MANORGALE LTD (REGISTERED NUMBER: 04609803)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Manorgale Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net rent receivable, excluding value added tax.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

MANORGALE LTD (REGISTERED NUMBER: 04609803)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 470,706
NET BOOK VALUE
At 31 December 2023 470,706
At 31 December 2022 470,706

The fair value of investment property was assessed to be unchanged by the director. The fair value was determined using open market valuation method. The director does not have a formal qualification but considerable experience in property market to ascertain the fair value with sufficient level of confidence.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 167,443 169,406

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 29,300 29,300
Other creditors 12,153 12,094
41,453 41,394

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 9) 394,676 394,676

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loan 394,676 394,676

9. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loan 394,676 394,676

MANORGALE LTD (REGISTERED NUMBER: 04609803)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 394,676 394,676

The mortgage loan is secured by a first charge over the company's property and a floating charge over the assets of the company, and bear interest at variable rates.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£   

At 1 January 2023 203,942
Deficit for the year (2,022 )
At 31 December 2023 201,920

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Finer.