55 MANCHESTER ROAD (ALTRINCHAM) LIMITED

Company Registration Number:
13223677 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

55 MANCHESTER ROAD (ALTRINCHAM) LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

55 MANCHESTER ROAD (ALTRINCHAM) LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Current assets
Stocks: 287,114 143,431
Debtors:   76,738 3,287
Cash at bank and in hand: 2,285 9,023
Total current assets: 366,137 155,741
Creditors: amounts falling due within one year:   (378,417) (167,901)
Net current assets (liabilities): (12,280) (12,160)
Total assets less current liabilities: (12,280) (12,160)
Total net assets (liabilities): (12,280) (12,160)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (12,380) (12,260)
Shareholders funds: (12,280) (12,160)

The notes form part of these financial statements

55 MANCHESTER ROAD (ALTRINCHAM) LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 December 2024
and signed on behalf of the board by:

Name: Stuart Fraser
Status: Director

The notes form part of these financial statements

55 MANCHESTER ROAD (ALTRINCHAM) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Valuation and information policy

Work in progress Work in progress is measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present condition.

Other accounting policies

Cash and cash equivalents Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Financial instruments The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and 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. Classification of financial liabilities 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. Basic financial liabilities Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Equity instruments Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

55 MANCHESTER ROAD (ALTRINCHAM) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

55 MANCHESTER ROAD (ALTRINCHAM) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Related party transactions

Name of the related party: MAM 32 Limited
Relationship:
related party
Description of the Transaction: A company of which Mr S Fraser and Mrs G Fraser are directors and shareholders. Included within creditors is an amount due to the related party at 31 March 2024 of £31,898 (2023: £10,106). The amount is interest free and repayable on demand. In addition to the above, also included within creditors, at 31 March 2024 there is a loan amount of £134,659 (2023: £130,105) due to the related party. The loan is subject to interest at 3.5% per annum and is repayable on demand.
£
Balance at 01 April 2023 130,105
Balance at 31 March 2024 134,659
Name of the related party: Fraser Family Invesco Limited
Relationship:
Parent
Description of the Transaction: A direct parent company of the entity. Included within creditors is an amount due to the parent company at 31 March 2024 of £195,012 (2023: £16,490). The amount is interest free and repayable on demand
£
Balance at 01 April 2023 16,490
Balance at 31 March 2024 195,012
Name of the related party: 218 Hale Road Limited
Relationship:
related party
Description of the Transaction: A company of which Mr S Fraser and Mrs G Fraser are directors and shareholders. Included within creditors is an amount due to the related party at 31 March 2024 of £3,404 (2023: £3,206). The amount is interest free and repayable on demand.
£
Balance at 01 April 2023 3,206
Balance at 31 March 2024 3,404
Name of the related party: 15 Murieston Road Limited
Relationship:
related party
Description of the Transaction: A company of which Mr S Fraser and Mrs G Fraser are directors. Included within debtors is an amount due from the related party as at 31 March 2024 of £13 (2023: £Nil). The amount is interest free and repayable on demand.
£
Balance at 01 April 2023 0
Balance at 31 March 2024 13