IRIS Accounts Production v24.3.2.46 01491793 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh014917932023-06-30014917932024-06-30014917932023-07-012024-06-30014917932022-06-30014917932022-07-012023-06-30014917932023-06-3001491793ns15:EnglandWales2023-07-012024-06-3001491793ns14:PoundSterling2023-07-012024-06-3001491793ns10:Director12023-07-012024-06-3001491793ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3001491793ns10:SmallEntities2023-07-012024-06-3001491793ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3001491793ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3001491793ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3001491793ns10:AbridgedAccounts2023-07-012024-06-3001491793ns10:Director22023-07-012024-06-3001491793ns10:CompanySecretary12023-07-012024-06-3001491793ns10:RegisteredOffice2023-07-012024-06-3001491793ns5:CurrentFinancialInstruments2024-06-3001491793ns5:CurrentFinancialInstruments2023-06-3001491793ns5:Non-currentFinancialInstruments2024-06-3001491793ns5:Non-currentFinancialInstruments2023-06-3001491793ns5:ShareCapital2024-06-3001491793ns5:ShareCapital2023-06-3001491793ns5:RevaluationReserve2024-06-3001491793ns5:RevaluationReserve2023-06-3001491793ns5:RetainedEarningsAccumulatedLosses2024-06-3001491793ns5:RetainedEarningsAccumulatedLosses2023-06-3001491793ns5:PlantMachinery2023-07-012024-06-3001491793ns5:MotorVehicles2023-07-012024-06-3001491793ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-06-3001491793ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-06-3001491793ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-06-3001491793ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-06-3001491793ns5:HirePurchaseContracts2024-06-3001491793ns5:HirePurchaseContracts2023-06-3001491793ns5:Secured2024-06-3001491793ns5:Secured2023-06-3001491793ns5:DeferredTaxation2023-06-3001491793ns5:DeferredTaxation2023-07-012024-06-3001491793ns5:DeferredTaxation2024-06-3001491793ns5:RevaluationReserve2023-06-30
REGISTERED NUMBER: 01491793 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

MANXGUARD LIMITED

MANXGUARD LIMITED (REGISTERED NUMBER: 01491793)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MANXGUARD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr D I Smith
Mr B J Smith





SECRETARY: Mr D I Smith





REGISTERED OFFICE: 23 Yarm Road
Stockton on Tees
TS18 3NJ





REGISTERED NUMBER: 01491793 (England and Wales)





ACCOUNTANTS: Lyons & Co Ltd
23 Yarm Road
Stockton on Tees
TS18 3NJ

MANXGUARD LIMITED (REGISTERED NUMBER: 01491793)

ABRIDGED BALANCE SHEET
30 JUNE 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,863 20,605
Investment property 5 4,029,232 4,405,392
4,080,095 4,425,997

CURRENT ASSETS
Stocks 20,000 20,000
Debtors 33,606 15,321
Cash at bank and in hand 22,891 38,391
76,497 73,712
CREDITORS
Amounts falling due within one year 50,886 516,704
NET CURRENT ASSETS/(LIABILITIES) 25,611 (442,992 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,105,706

3,983,005

CREDITORS
Amounts falling due after more than one
year

(630,411

)

(449,722

)

PROVISIONS FOR LIABILITIES 8 (111,497 ) (105,863 )
NET ASSETS 3,363,798 3,427,420

CAPITAL AND RESERVES
Called up share capital 200 200
Other reserve 9 1,350,571 1,381,994
Retained earnings 2,013,027 2,045,226
SHAREHOLDERS' FUNDS 3,363,798 3,427,420

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

MANXGUARD LIMITED (REGISTERED NUMBER: 01491793)

ABRIDGED BALANCE SHEET - continued
30 JUNE 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 January 2025 and were signed on its behalf by:





Mr D I Smith - Director


MANXGUARD LIMITED (REGISTERED NUMBER: 01491793)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Manxguard 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment properties are valued by the directors and included at open market value. Any excess on cost is taken to other reserves and any permanent reduction in value over cost is charged to the profit and loss account.

Stocks
Stocks are building material stocks and land and development work in progress. Both are valued at the lower of cost and net realisable value.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 8 ) .

MANXGUARD LIMITED (REGISTERED NUMBER: 01491793)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 123,567
Additions 39,337
At 30 June 2024 162,904
DEPRECIATION
At 1 July 2023 102,962
Charge for year 9,079
At 30 June 2024 112,041
NET BOOK VALUE
At 30 June 2024 50,863
At 30 June 2023 20,605

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 38,545
At 30 June 2024 38,545
DEPRECIATION
Charge for year 3,854
At 30 June 2024 3,854
NET BOOK VALUE
At 30 June 2024 34,691

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 4,405,392
Additions 410,656
Disposals (786,816 )
At 30 June 2024 4,029,232
NET BOOK VALUE
At 30 June 2024 4,029,232
At 30 June 2023 4,405,392

Investment properties have an original cost of £2,427,929 (2023: £2,765,296)

MANXGUARD LIMITED (REGISTERED NUMBER: 01491793)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30/6/24 30/6/23
£    £   
Net obligations repayable:
Within one year 5,665 -
Between one and five years 20,772 -
26,437 -

7. SECURED DEBTS

The following secured debts are included within creditors:

30/6/24 30/6/23
£    £   
Bank loans 613,303 838,738

All bank loans are secured by a legal charge over several assets of the business. The loans are repayable on a monthly basis on normal commercial terms.

8. PROVISIONS FOR LIABILITIES
30/6/24 30/6/23
£    £   
Deferred tax 111,497 105,863

Deferred
tax
£   
Balance at 1 July 2023 105,863
Provided during year 5,634
Balance at 30 June 2024 111,497

9. RESERVES
Other
reserve
£   
At 1 July 2023 1,381,994
Movement in year (31,423 )

At 30 June 2024 1,350,571

10. RELATED PARTY DISCLOSURES

The value of all transactions with D Smith in year was at open market value.

11. ULTIMATE CONTROLLING PARTY

During the year the company was controlled by Mr DI Smith.