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COMPANY REGISTRATION NUMBER: 14372630
Manor House Minster Nursery Ltd
Filleted Unaudited Financial Statements
31 March 2025
Manor House Minster Nursery Ltd
Financial Statements
Year ended 31 March 2025
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Manor House Minster Nursery Ltd
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
5
199,061
238,969
Current assets
Debtors
6
25,087
Cash at bank and in hand
84,319
2
---------
----
109,406
2
Creditors: amounts falling due within one year
7
285,380
273,392
---------
---------
Net current liabilities
175,974
273,390
---------
---------
Total assets less current liabilities
23,087
( 34,421)
--------
--------
Net assets/(liabilities)
23,087
( 34,421)
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
23,085
( 34,423)
--------
--------
Shareholders funds/(deficit)
23,087
( 34,421)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Manor House Minster Nursery Ltd
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 9 May 2025 , and are signed on behalf of the board by:
S P Sheerin
Director
Company registration number: 14372630
Manor House Minster Nursery Ltd
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hartsdown House, Hartsdown Road, Margate, CT9 5QX, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have considered the position of the company and due to the continued support of shareholders they believe it is appropriate to continue to use the going concern basis for the preparation of the financial statements.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% straight line
Leasehold Improvements
-
7 Years
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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. Short term debtors and creditors are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 31 (2024: 2 ).
5. Tangible assets
Fixtures and fittings
Leasehold Improvements
Total
£
£
£
Cost
At 1 April 2024
62,601
176,368
238,969
Additions
1,000
1,000
--------
---------
---------
At 31 March 2025
63,601
176,368
239,969
--------
---------
---------
Depreciation
At 1 April 2024
Charge for the year
15,713
25,195
40,908
--------
---------
---------
At 31 March 2025
15,713
25,195
40,908
--------
---------
---------
Carrying amount
At 31 March 2025
47,888
151,173
199,061
--------
---------
---------
At 31 March 2024
62,601
176,368
238,969
--------
---------
---------
6. Debtors
2025
2024
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
25,087
--------
----
7. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
88,829
Amounts owed to group undertakings and undertakings in which the company has a participating interest
249,803
178,557
Corporation tax
11,392
Social security and other taxes
5,807
Other creditors
18,378
6,006
---------
---------
285,380
273,392
---------
---------
Bank loans and overdrafts of £Nil (2024: £88,829) are secured against the assets of the company.
8. Related party transactions
At the year end, the company owed the director £Nil (2024: £1,206).
9. Controlling party
The ultimate parent company is Manor House Nursery Group Limited a company registered in England and Wales. The company's registered office is Manor House Hartsdown Park, Hartsdown Road, Margate, England, CT9 5QX .