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Old Manor Estates Limited

Registered Number
02877286
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

Old Manor Estates Limited
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Benjamin Gerald Sanford Hodgson
Gytha Margaret Kerr Hodgson
Roger Geoffrey Sanford Hodgson

Company Secretary

Gytha Margaret Kerr Hodgson

Registered Address

Old Manor Old Manor
Warnham
Horsham
RH12 3SN

Registered Number

02877286 (England and Wales)
Old Manor Estates Limited
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets33,004,1374,911,814
Investments466,42066,420
3,070,5574,978,234
Current assets
Debtors5834,41975,002
Cash at bank and on hand117,571143,637
951,990218,639
Creditors amounts falling due within one year6(727,443)(790,124)
Net current assets (liabilities)224,547(571,485)
Total assets less current liabilities3,295,1044,406,749
Creditors amounts falling due after one year7(907,075)(1,963,045)
Provisions for liabilities8(88,679)(88,555)
Net assets2,299,3502,355,149
Capital and reserves
Called up share capital100100
Revaluation reserve769,905815,846
Profit and loss account1,529,3451,539,203
Shareholders' funds2,299,3502,355,149
The financial statements were approved and authorised for issue by the Board of Directors on 12 March 2025, and are signed on its behalf by:
Roger Geoffrey Sanford Hodgson
Director
Registered Company No. 02877286
Old Manor Estates Limited
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Investment property
Investment property is carried at fair value determined annually either by the directors or by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location, or condition of the specific asset. No depreciation is provided. Changes in fair value are recognized in the Statement of Comprehensive Income.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees
Directors working in the business without a formal employment contract are excluded from this calculation.

20242023
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Office Equipment

Total

£££
Cost or valuation
At 01 April 234,910,92616,1134,927,039
Additions92,800-92,800
Disposals(2,000,084)-(2,000,084)
At 31 March 243,003,64216,1133,019,755
Depreciation and impairment
At 01 April 23-15,22515,225
Charge for year-393393
At 31 March 24-15,61815,618
Net book value
At 31 March 243,003,6424953,004,137
At 31 March 234,910,9268884,911,814
4.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 April 2366,42066,420
At 31 March 2466,42066,420
Net book value
At 31 March 2466,42066,420
At 31 March 2366,42066,420

Notes

1Investments in group undertakings and participating interests
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1,075-
Other debtors833,34475,002
Total834,41975,002
6.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts6,38926,389
Amounts owed to related parties414,005480,671
Taxation and social security-42,681
Other creditors307,049240,383
Total727,443790,124
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. The bank loan is secured by a fixed charge over the property known as Portland Yard.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts907,0751,963,045
Total907,0751,963,045
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)88,67988,555
Total88,67988,555
9.Controlling party
The directors consider that the company has no ultimate controlling party as there is no individual or entity that has control, as defined under FRS 102. The company is owned by multiple shareholders, none of whom hold a majority interest or have the ability to direct the company’s financial and operating policies.