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REGISTERED NUMBER: NI008196 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

MANOR HOUSE MARINE & COTTAGES LIMITED

MANOR HOUSE MARINE & COTTAGES LIMITED (REGISTERED NUMBER: NI008196)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 9

MANOR HOUSE MARINE & COTTAGES LIMITED

COMPANY INFORMATION
for the Year Ended 30 SEPTEMBER 2024







DIRECTORS: Mrs R Noble
Mr C Noble



SECRETARY: Mrs R Noble



REGISTERED OFFICE: Killadeas
Enniskillen
Co. Fermanagh
BT94 1NY



REGISTERED NUMBER: NI008196 (Northern Ireland)



ACCOUNTANTS: Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT



BANKERS: Ulster Bank Limited
16 Darling Street
Enniskillen
Co. Fermanagh
BT74 7ER

MANOR HOUSE MARINE & COTTAGES LIMITED (REGISTERED NUMBER: NI008196)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 75,000 112,500
Tangible assets 5 2,446,143 2,528,874
Investment property 6 - 92,500
2,521,143 2,733,874

CURRENT ASSETS
Stocks 7 346,314 353,660
Debtors 8 241,336 173,246
Investments 9 1,116,760 965,962
Cash at bank and in hand 1,827,366 1,784,940
3,531,776 3,277,808
CREDITORS
Amounts falling due within one year 10 244,872 462,086
NET CURRENT ASSETS 3,286,904 2,815,722
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,808,047

5,549,596

CREDITORS
Amounts falling due after more than one
year

11

(878

)

(925

)

PROVISIONS FOR LIABILITIES (161,232 ) (188,838 )
NET ASSETS 5,645,937 5,359,833

CAPITAL AND RESERVES
Called up share capital 12 74,517 74,517
Share premium 13 794,483 794,483
Retained earnings 13 4,776,937 4,490,833
SHAREHOLDERS' FUNDS 5,645,937 5,359,833

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

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

MANOR HOUSE MARINE & COTTAGES LIMITED (REGISTERED NUMBER: NI008196)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:





Mr C Noble - Director


MANOR HOUSE MARINE & COTTAGES LIMITED (REGISTERED NUMBER: NI008196)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Manor House Marine & Cottages Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 0.5% on cost
Cruisers - at varying rates on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Plant - 20% on cost

Fixed assets are initially stated at cost.

Investment property
In accordance with Statement of Standard Accounting Practice No.19, certain of the company's properties are held for long-term investment and are included in the balance sheet at their open market values. The surpluses or deficits on annual revaluation of such properties are transferred to the investment property revaluation reserve. Depreciation is not provided in respect of freehold investment properties. Leasehold investment properties are not amortised where the unexpired term is over twenty years.

This policy represents a departure from the statutory accounting principles, which require depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the financial statements may give a true and fair view, because current values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


MANOR HOUSE MARINE & COTTAGES LIMITED (REGISTERED NUMBER: NI008196)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
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 balance sheet date.

Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Grants that relate to specific capital expenditure are treated as deferred income which is then credited to the profit and loss account over the related asset's useful life. Other grants are credited to the profit and loss account when received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 24 ) .

MANOR HOUSE MARINE & COTTAGES LIMITED (REGISTERED NUMBER: NI008196)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 SEPTEMBER 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 150,000
AMORTISATION
At 1 October 2023 37,500
Charge for year 37,500
At 30 September 2024 75,000
NET BOOK VALUE
At 30 September 2024 75,000
At 30 September 2023 112,500

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property Cruisers fittings
£    £    £   
COST
At 1 October 2023 2,090,731 2,529,658 142,296
Additions - - 4,454
Disposals - - -
At 30 September 2024 2,090,731 2,529,658 146,750
DEPRECIATION
At 1 October 2023 611,590 1,579,984 140,783
Charge for year 33,163 106,937 844
Eliminated on disposal - - -
At 30 September 2024 644,753 1,686,921 141,627
NET BOOK VALUE
At 30 September 2024 1,445,978 842,737 5,123
At 30 September 2023 1,479,141 949,674 1,513

MANOR HOUSE MARINE & COTTAGES LIMITED (REGISTERED NUMBER: NI008196)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 SEPTEMBER 2024


5. TANGIBLE FIXED ASSETS - continued

Motor
vehicles Plant Totals
£    £    £   
COST
At 1 October 2023 106,084 278,374 5,147,143
Additions 55,433 36,737 96,624
Disposals (32,658 ) - (32,658 )
At 30 September 2024 128,859 315,111 5,211,109
DEPRECIATION
At 1 October 2023 67,449 218,463 2,618,269
Charge for year 23,945 14,466 179,355
Eliminated on disposal (32,658 ) - (32,658 )
At 30 September 2024 58,736 232,929 2,764,966
NET BOOK VALUE
At 30 September 2024 70,123 82,182 2,446,143
At 30 September 2023 38,635 59,911 2,528,874

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 92,500
Disposals (92,500 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 92,500

The company's investment property was valued at 30 September 2023 by Eadie McFarland & Co, Chartered Surveyors on an open market basis at a value of £92,500

7. STOCKS
30.9.24 30.9.23
£    £   
Raw materials 51,530 47,160
Finished goods 294,784 306,500
346,314 353,660

MANOR HOUSE MARINE & COTTAGES LIMITED (REGISTERED NUMBER: NI008196)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 SEPTEMBER 2024


8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 149,764 147,042
Prepayments and accrued income 91,572 26,204
241,336 173,246

9. CURRENT ASSET INVESTMENTS
30.9.24 30.9.23
£    £   
Listed investments 1,116,760 965,962

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 51,852 251,449
Tax 98,219 110,425
Social security and other taxes 20,122 12,921
VAT 27,106 46,703
Directors' current accounts 28,009 5,511
Accrued expenses 19,564 35,077
244,872 462,086

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Deferred government grants 878 925

12. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
74,517 Share capital 1 £1 74,517 74,517

13. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 October 2023 4,490,833 794,483 5,285,316
Profit for the year 360,621 360,621
Dividends (74,517 ) (74,517 )
At 30 September 2024 4,776,937 794,483 5,571,420

MANOR HOUSE MARINE & COTTAGES LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
MANOR HOUSE MARINE & COTTAGES LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2024 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT


20 February 2025