| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 December 2024 |
| for |
| The Manor By The Lake Cheltenham Ltd |
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 December 2024 |
| for |
| The Manor By The Lake Cheltenham Ltd |
| The Manor By The Lake Cheltenham Ltd (Registered number: 08373622) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| The Manor By The Lake Cheltenham Ltd |
| Company Information |
| for the Year Ended 31 December 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants and Business Advisors |
| Statutory Auditor |
| Regency House |
| 33 Wood Street |
| Barnet |
| Hertfordshire |
| EN5 4BE |
| The Manor By The Lake Cheltenham Ltd (Registered number: 08373622) |
| Balance Sheet |
| 31 December 2024 |
| 31/12/24 | 31/12/23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| The Manor By The Lake Cheltenham Ltd (Registered number: 08373622) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2024 |
| 1. | STATUTORY INFORMATION |
| The Manor By The Lake Cheltenham Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Compliance with accounting standards |
| Turnover |
| Turnover represents the fair value of services rendered under contract to the extent that there is a right to consideration and is recorded at the value of the consideration due, net of trade discounts, rebates, value added tax and other sales taxes. |
| Revenue is recognised when the amount of turnover can be measured reliably and conditions as stated in the contracts are satisfied. Where payments are received from customers in advance of service provided, the amounts are recorded as deferred income and included as part of creditors. |
| Tangible fixed assets |
| Long leasehold | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Financial instruments |
| Financial assets |
| Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at the transaction value. |
| They are then subsequently carried at amortised cost using the effective interest rate method. |
| At the end of each reporting period financial assets are assessed for impairment. If an impairment exists the impairment loss is recognised in the income statement. |
| Financial assets are derecognised when: |
| - the contractual right to cash flows from the asset are settled or expire, |
| - substantially all the risk and rewards of the ownership of the asset are transferred to another party or |
| - despite retaining some significant risks and rewards, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset without additional restrictions. |
| Financial liabilities |
| Basic financial liabilities, including trade and other creditors are initially recognised at the transaction value. |
| They are then subsequently carried at amortised cost using the effective interest rate method. |
| Financial liabilities are derecognised when the liability is discharged, cancelled or expires. |
| The Manor By The Lake Cheltenham Ltd (Registered number: 08373622) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 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. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Long | Plant and |
| property | leasehold | machinery |
| £ | £ | £ |
| COST |
| At 1 January 2024 |
| Additions |
| Disposals | ( |
) |
| At 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| The Manor By The Lake Cheltenham Ltd (Registered number: 08373622) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 January 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows: |
| Plant and | Motor |
| machinery | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2024 |
| and 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| and 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/12/24 | 31/12/23 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| The Manor By The Lake Cheltenham Ltd (Registered number: 08373622) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/12/24 | 31/12/23 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31/12/24 | 31/12/23 |
| £ | £ |
| Bank loans |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 65,625 | 118,125 |
| 8. | SECURED DEBTS |
| Santander UK plc holds a debenture dated 3 December 2018 over the company's assets. |
| 9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 10. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| The Manor By The Lake Cheltenham Ltd (Registered number: 08373622) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 10. | RELATED PARTY DISCLOSURES - continued |
| Included in other debtors at the balance sheet date, the company was owed the following amounts from companies controlled by the director, M Chittenden: |
| 2024 | 2023 |
| £ | £ |
| Eastgate Street Ltd | 885,230 | 885,230 |
| International House (CI) Ltd | 350,000 | 350,000 |
| MRM 47 Ltd | 237,123 | 537,500 |
| Manor Studios Ltd | 651 | 651 |
| Sand Dunes (Essex) Ltd | 180,000 | 180,000 |
| The Ordnance Depot Ltd | 310,000 | 310,000 |
| Capcoin Investments Ltd | 610,800 | 565,000 |
| Seckford Properties Ltd | 626,093 | 294,617 |
| Measured Media Ltd | 305,255 | 100,707 |
| During the reporting period, the company paid rent of £203,800 (2023: £212,700) to the directors, for the building from which the company operates. |
| At the balance sheet date, the amount of £468 (2023: £2,235) was owed to the directors of the company. |
| 11. | ULTIMATE CONTROLLING PARTY |
| The company is a wholly owned subsidiary of Heritage Rocks Ltd, which is jointly owned by the directors. |