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REGISTERED NUMBER: 03834902 (England and Wales)











Manton Securities Limited

Unaudited Financial Statements

for the Year Ended 29 March 2024






Manton Securities Limited (Registered number: 03834902)

Contents of the Financial Statements
for the Year Ended 29 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Manton Securities Limited

Company Information
for the Year Ended 29 March 2024







DIRECTORS: R J Manton
C R Manton
A J Manton





SECRETARY: R J Manton





REGISTERED OFFICE: 202 Bradford Road
Castle Bromwich
Birmingham
West Midlands
B36 9AA





REGISTERED NUMBER: 03834902 (England and Wales)





ACCOUNTANTS: Haines Watts
Sterling House
97 Lichfield Street
Tamworth
Staffordshire
B79 7QF

Manton Securities Limited (Registered number: 03834902)

Balance Sheet
29 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,588 32,554
Investment property 5 1,425,000 1,425,000
1,477,588 1,457,554

CURRENT ASSETS
Stocks 451,423 -
Debtors 6 433,156 615,793
Cash at bank and in hand 181,122 720,517
1,065,701 1,336,310
CREDITORS
Amounts falling due within one year 7 93,140 175,424
NET CURRENT ASSETS 972,561 1,160,886
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,450,149

2,618,440

CREDITORS
Amounts falling due after more than one year 8 127,271 138,222
NET ASSETS 2,322,878 2,480,218

CAPITAL AND RESERVES
Called up share capital 9 250,000 250,000
Share premium 601,892 601,892
Revaluation reserve 1,039,146 1,039,146
Retained earnings 431,840 589,180
SHAREHOLDERS' FUNDS 2,322,878 2,480,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 March 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.

Manton Securities Limited (Registered number: 03834902)

Balance Sheet - continued
29 March 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 7 March 2025 and were signed on its behalf by:





R J Manton - Director


Manton Securities Limited (Registered number: 03834902)

Notes to the Financial Statements
for the Year Ended 29 March 2024


1. STATUTORY INFORMATION

Manton Securities 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.

Significant judgements and estimates
The company makes estimates and assumptions concerning the future. Management are also required to
exercise judgment in the process of applying the company's accounting policies. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of
future events that are believed to be reasonable under the circumstances.

The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:

In preparing these financial statements, the directors have made the following judgments:

- A provision is recognised when the company has a present legal or constructive obligation as a result of a
past event for which it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated. If the effect is material, provisions are determined by discounting the expected future cash flow at a rate that reflects the time value of money and the risks specific to the liability.

- Whether a present obligation is probable or not requires judgment. The nature and type of risks for these provisions differ and management's judgment is applied regarding the nature and extent of obligations in deciding if an outflow of resources is probable or not.

- Sales ledger debt provisions. Management review debts on a case by case basis to highlight deviation from terms and therefore possible provision requirement.

- Depreciation and residual values. The Directors have reviewed the asset lives and associated residual values of all fixed asset classes, and in particular, the useful economic life and residual values of fixtures and fittings, and have concluded that asset lives are appropriate. The actual lives of the assets are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Manton Securities Limited (Registered number: 03834902)

Notes to the Financial Statements - continued
for the Year Ended 29 March 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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.

Deferred tax
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

Manton Securities Limited (Registered number: 03834902)

Notes to the Financial Statements - continued
for the Year Ended 29 March 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 March 2023 84,202
Additions 30,172
At 29 March 2024 114,374
DEPRECIATION
At 30 March 2023 51,648
Charge for year 10,138
At 29 March 2024 61,786
NET BOOK VALUE
At 29 March 2024 52,588
At 29 March 2023 32,554

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 March 2023
and 29 March 2024 1,425,000
NET BOOK VALUE
At 29 March 2024 1,425,000
At 29 March 2023 1,425,000

The valuations of investment properties were made as at 7 August 2017 by Pennycuick Collins, Chartered Surveyors, on an investment value basis. No depreciation is provided in respect of these properties (see Accounting policy note). The directors believe the valuation of the properties at the balance sheet date would not be significantly different to the August 2017 value.

On an historical cost basis these would have been included at an original cost of £837,277 (2023 - £385,854).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,896 159,491
Other debtors 421,260 456,302
433,156 615,793

Manton Securities Limited (Registered number: 03834902)

Notes to the Financial Statements - continued
for the Year Ended 29 March 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,168 9,167
Trade creditors 3,657 13,284
Taxation and social security 5,470 18,394
Other creditors 73,845 134,579
93,140 175,424

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,271 23,222
Other creditors 115,000 115,000
127,271 138,222

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
250,000 Ordinary £1 250,000 250,000