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REGISTERED NUMBER: 05164965 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 January 2024

for

MANORSIDE HOMES LIMITED

MANORSIDE HOMES LIMITED (REGISTERED NUMBER: 05164965)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MANORSIDE HOMES LIMITED

Company Information
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mrs Z H Close





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 05164965 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

MANORSIDE HOMES LIMITED (REGISTERED NUMBER: 05164965)

Statement of Financial Position
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 355,000 680,000

CURRENT ASSETS
Debtors 5 198,793 198,793

CREDITORS
Amounts falling due within one year 6 19,077 18,357
NET CURRENT ASSETS 179,716 180,436
TOTAL ASSETS LESS CURRENT
LIABILITIES

534,716

860,436

CREDITORS
Amounts falling due after more than one
year

7

(378,508

)

(371,087

)

PROVISIONS FOR LIABILITIES (55,940 ) (104,265 )
NET ASSETS 100,268 385,084

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 167,821 444,496
Retained earnings (67,653 ) (59,512 )
SHAREHOLDERS' FUNDS 100,268 385,084

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

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

The director acknowledges her 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 director and authorised for issue on 26 January 2025 and were signed by:





Mrs Z H Close - Director


MANORSIDE HOMES LIMITED (REGISTERED NUMBER: 05164965)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Manorside Homes 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.

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements.

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.

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

MANORSIDE HOMES LIMITED (REGISTERED NUMBER: 05164965)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 680,000
Revaluations (325,000 )
At 31 January 2024 355,000
NET BOOK VALUE
At 31 January 2024 355,000
At 31 January 2023 680,000

The company is not entitled to rental income. It is only entitled to its share on the proceeds of any eventual sale of the investment properties.

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2011 28,761
Valuation in 2012 50,000
Valuation in 2015 10,000
Valuation in 2017 290,000
Valuation in 2020 170,000
Valuation in 2024 (325,000 )
Cost 131,239
355,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 131,239 131,239

Investment property was valued on an open market basis on 31 January 2023 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 198,793 198,793

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 19,077 18,357

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 378,508 371,087

MANORSIDE HOMES LIMITED (REGISTERED NUMBER: 05164965)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. RESERVES
Fair
value
reserve
£   
At 1 February 2023 444,496
Additions (276,675 )

At 31 January 2024 167,821

9. LEGAL CHARGES

There are legal charges and debentures on all the assets of the company.