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Company No: 14725418 (England and Wales)

MANOR VALIDATION LIMITED

Unaudited Financial Statements
For the financial period from 13 March 2023 to 31 March 2024
Pages for filing with the registrar

MANOR VALIDATION LIMITED

Unaudited Financial Statements

For the financial period from 13 March 2023 to 31 March 2024

Contents

MANOR VALIDATION LIMITED

BALANCE SHEET

As at 31 March 2024
MANOR VALIDATION LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 31.03.2024
£
Fixed assets
Tangible assets 3 626
626
Current assets
Debtors 4 28,820
Cash at bank and in hand 16,299
45,119
Creditors: amounts falling due within one year 5 ( 18,328)
Net current assets 26,791
Total assets less current liabilities 27,417
Net assets 27,417
Capital and reserves
Called-up share capital 6 100
Profit and loss account 27,317
Total shareholders' funds 27,417

For the financial period ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Manor Validation Limited (registered number: 14725418) were approved and authorised for issue by the Board of Directors on 26 January 2025. They were signed on its behalf by:

Mr C A Stowe
Director
MANOR VALIDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 13 March 2023 to 31 March 2024
MANOR VALIDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 13 March 2023 to 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Manor Validation Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House, Peninsula Park, Rydon Lane, , Exeter,Devon, EX2 7XE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Computer equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Period from
13.03.2023 to
31.03.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 2

3. Tangible assets

Computer equipment Total
£ £
Cost
At 13 March 2023 0 0
Additions 799 799
At 31 March 2024 799 799
Accumulated depreciation
At 13 March 2023 0 0
Charge for the financial period 173 173
At 31 March 2024 173 173
Net book value
At 31 March 2024 626 626

4. Debtors

31.03.2024
£
Trade debtors 19,788
Amounts owed by directors 8,955
VAT recoverable 77
28,820

5. Creditors: amounts falling due within one year

31.03.2024
£
Accruals 3,300
Taxation and social security 15,028
18,328

6. Called-up share capital

31.03.2024
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100

During the period 100 Ordinary £1 shares were issued at par for cash.

7. Related party transactions

Transactions with the entity's directors

31.03.2024
£
Advances made to directors during the year 8,955
Balance carried forward 8,955

Interest has been charged on any directors loan account balance outstanding during the year in excess of £10,000 at HMRC's official rate of interest.