Company registration number 09213614 (England and Wales)
ABERNILE MANOR PARK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020
PAGES FOR FILING WITH REGISTRAR
ABERNILE MANOR PARK LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
ABERNILE MANOR PARK LIMITED
BALANCE SHEET
AS AT 30 SEPTEMBER 2020
30 September 2020
- 1 -
2020
2019
Notes
£
£
£
£
Current assets
Stocks
1,350,000
1,350,000
Debtors
3
28,725
Cash at bank and in hand
1,101
1,350,000
1,379,826
Creditors: amounts falling due within one year
4
(2,712,012)
(2,354,963)
Net current liabilities
(1,362,012)
(975,137)
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
(1,362,112)
(975,237)
Total equity
(1,362,012)
(975,137)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 September 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 25 April 2025
D R Baines
Director
Company registration number 09213614 (England and Wales)
ABERNILE MANOR PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020
- 2 -
1
Accounting policies
Company information
Abernile Manor Park Limited is a private company limited by shares incorporated in England and Wales. The registered office is 22 Wycombe End, Beaconsfield, Buckinghamshire, HP9 1NB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The company has been notified by its lender that it is in default on the terms of its loan and the amount due is payable on demand. As a result the lender appointed an receiver on 28 January 2020 with the objective of selling the property to enable the lender to recover the loan. These accounts are therefore prepared on a basis other than going concern.
1.3
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ”Basic Financial Instruments” 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.
Basic financial assets
Short term debtors are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.
Basic financial liabilities
Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method.
ABERNILE MANOR PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2020
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2020
2019
Number
Number
Total
1
1
3
Debtors
2020
2019
Amounts falling due within one year:
£
£
Other debtors
28,725
4
Creditors: amounts falling due within one year
2020
2019
£
£
Trade creditors
3,600
3,735
Other creditors
2,708,412
2,351,228
2,712,012
2,354,963
Included in other creditors is a loan amounting to £1,155,200 (2019 - £1,155,200) secured by fixed and floating charges over the assets of the company and a personal guarantee granted by the director.
5
Called up share capital
2020
2019
2020
2019
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
6
Directors' transactions
Dividends totalling £0 (2019 - £0) were paid in the year in respect of shares held by the company's directors.
At the balance sheet date the company owed the director £518,667 (2019 - £452,400) in respect of interest-free loans, repayable on demand.