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Company No: 02865680 (England and Wales)

MANUAL INVESTING LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

MANUAL INVESTING LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

MANUAL INVESTING LIMITED

BALANCE SHEET

As at 31 October 2024
MANUAL INVESTING LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 24,409 30,151
Investment property 4 2,700,000 2,700,000
Investments 5 8,443,809 7,529,620
11,168,218 10,259,771
Current assets
Debtors 6 741,331 846,759
Cash at bank and in hand 26,406 26,406
767,737 873,165
Creditors: amounts falling due within one year 7 ( 6,820,944) ( 6,322,818)
Net current liabilities (6,053,207) (5,449,653)
Total assets less current liabilities 5,115,011 4,810,118
Creditors: amounts falling due after more than one year 8 ( 173,333) ( 225,058)
Provision for liabilities ( 77,559) ( 77,558)
Net assets 4,864,119 4,507,502
Capital and reserves
Called-up share capital 9 500 500
Share premium account 16,325 16,325
Other reserves 1,500 1,500
Profit and loss account 10 4,845,794 4,489,177
Total shareholders' funds 4,864,119 4,507,502

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Manual Investing Limited (registered number: 02865680) were approved and authorised for issue by the Board of Directors on 29 July 2025. They were signed on its behalf by:

Mr R G Tizzard
Director
MANUAL INVESTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
MANUAL INVESTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Manual Investing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Barrow Hill House Milborne Wick, Milborne Port, Sherborne, DT9 4PP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Turnover

Profit share on trading activity is recognised on completion of the individual projects to which they relate.

Turnover is recognised at the fair value of the rent received or receivable in the normal course of business and is shown net of VAT and other sales relates taxes.

Revenue from the rental property, including revenue from service charges and other costs recharged to the tenant, is recognised over the period in which the tenant is occupying the property.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Fixtures and fittings 50 years straight line
Office equipment 3 years straight line
Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

The Company as lessor
Amounts due from lessees under finance leases are recognised as receivables at the amount of the company’s net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the company’s net investment outstanding in respect of leases.

Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Vehicles Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 01 November 2023 40,356 9,691 12,845 62,892
Additions 0 0 139 139
At 31 October 2024 40,356 9,691 12,984 63,031
Accumulated depreciation
At 01 November 2023 19,547 1,325 11,869 32,741
Charge for the financial year 5,202 194 485 5,881
At 31 October 2024 24,749 1,519 12,354 38,622
Net book value
At 31 October 2024 15,607 8,172 630 24,409
At 31 October 2023 20,809 8,366 976 30,151

4. Investment property

Investment property
£
Valuation
As at 01 November 2023 2,700,000
As at 31 October 2024 2,700,000

Valuation

At 31 October 2024 the fair value of the properties in the financial statements were considered by the directors based on their knowledge of the properties and documented trends in the local property market. In the opinion of the directors, this class of assets has a current value of £2,700,000 (2023 - £2,700,000) and a carrying historical cost of £1,614,767 (2023 - £1,614,767).

5. Fixed asset investments

2024 2023
£ £
Subsidiary undertakings 15,937 15,937
Participating interests 6 6
Other investments and loans 8,427,866 7,513,677
8,443,809 7,529,620

Investments in subsidiaries

2024
£
Cost
At 01 November 2023 15,937
At 31 October 2024 15,937
Carrying value at 31 October 2024 15,937
Carrying value at 31 October 2023 15,937

Investments in associates Other investments Total
£ £ £
Cost or valuation before impairment
At 01 November 2023 6 7,513,677 7,513,683
Additions 0 1,216,252 1,216,252
Disposals 0 ( 302,063) ( 302,063)
At 31 October 2024 6 8,427,866 8,427,872
Carrying value at 31 October 2024 6 8,427,866 8,427,872
Carrying value at 31 October 2023 6 7,513,677 7,513,683

Included within other investments are members capital balances in various trading entities at cost less impairment totalling £8,381,016 (2023 - £7,466,827).

6. Debtors

2024 2023
£ £
Trade debtors 64,443 63,658
Amounts owed by Group undertakings 173,916 166,998
Prepayments 1,519 5,115
VAT recoverable 0 118,493
Other debtors 501,453 492,495
741,331 846,759

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 1,200,286 914,454
Trade creditors 36,269 72,951
Amounts owed to directors 5,260,721 5,193,926
Accruals and deferred income 43,010 46,044
Taxation and social security 100,415 41,984
Obligations under finance leases and hire purchase contracts (secured) 0 6,282
Other creditors 180,243 47,177
6,820,944 6,322,818

The bank loans of £26,667 (2023 - £26,667) are secured on the investment properties.

The bank overdraft of £1,173,619 is secured on the assets of the company.

The hire purchase liabilities of £nil (2023 - £6,282) are secured on the assets to which they relate.

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other loans (secured) 173,333 200,000
Obligations under finance leases and hire purchase contracts (secured) 0 25,058
173,333 225,058

The bank loans of £173,333 (2023 - £200,000) are secured on the investment properties.

The hire purchase liabilities of £nil (2023 - £25,058) are secured on the assets to which they relate.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Other loans (secured / repayable by instalments) 66,666 93,333

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
500 Ordinary shares of £ 1.00 each 500 500

10. Retained Earnings reconciliation

Distributable reserves

2024
£
At 1 November 2023 3,481,502
Profit for the financial year 356,617
Investment property revaluation 0
Deferred tax movement - investment property revaluations 0
At 31 October 2024 3,838,119

Non-Distributable reserves

2024
£
At 1 November 2023 1,007,675
Investment property revaluation 0
Deferred tax movement - investment property revaluations 0
At 31 October 2024 1,007,675