Manchester Quays Riverside Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 11304918

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		2,000,000		2,000,000

			2,000,000		2,000,000
CURRENT ASSETS
Debtors	5	5,416,964		5,416,964

		5,416,964		5,416,964
Creditors: Amounts Falling Due Within One Year	6	(822,347 )		(378,665 )

NET CURRENT ASSETS (LIABILITIES)			4,594,617		5,038,299

TOTAL ASSETS LESS CURRENT LIABILITIES			6,594,617		7,038,299

Creditors: Amounts Falling Due After More Than One Year	7		(4,300,000 )		(4,300,000 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(246,438 )		-

NET ASSETS			2,048,179		2,738,299

CAPITAL AND RESERVES
Called up share capital	9		100		100
Income Statement			2,048,079		2,738,199

SHAREHOLDERS' FUNDS			2,048,179		2,738,299

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Manchester Quays Riverside Limited

Statement of Financial Position (continued)

As At 31 December 2024

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Suresh Gorasia

Director

15 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Manchester Quays Riverside Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11304918 . The registered office is C/O Allied London, Suite 1, Bonded Warehouse, 18 Lower Byrom Street, Manchester, Greater Manchester, M3 4AP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with the provisions of Financial Reporting Standard 102 section 1A small entities, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006.

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 pound.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies (see note 2.3).

2.2. Going Concern Disclosure

The directors have assessed the financial performance and note that as at 2024 the company had net assets of £2,048,179 (2023: £2,738,299) and made a loss after taxation for the financial year of £690,120 (2023: £378,665). Management has undertaken a thorough going concern review which has included forecasts from 12 months from signing date of the financial statements to ensure the company will continue to be able to meet its liabilities for the next year from the signing date of the accounts. Therefore, the board considers that the company will be able to continue to trade as a going concern and meet its liabilities as they fall due.

2.3. Significant judgements and estimations

In preparing these financial statements, the directors consider that there are no significant judgements in applying the accounting policies. Nor are there any key sources of uncertainty.

2.4. Turnover

Turnover comprises the invoiced value of goods and services services supplied by the company, net of Value Added Tax and trade discounts. Turnover is recognised at the point the service is provided during the year.

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.

2.6. Financial Instruments

Financial assets

Financial assets, other than investments and derivatives, are initially measured at transaction price (including transaction costs) and subsequently held at cost, less any impairment.

Financial liabilities and equity

Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form. Financial liabilities, excluding convertible debt and derivatives, are initially measured at transaction price (including transaction costs) and subsequently held at amortised cost.

2.7. Taxation

Deferred Taxation

Deferred balances are recognised in respect of all timing differences that have originated but not reversed by the statement of financial position date, except:

• The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;

• Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and

• Where timing differences relate to interests in subsidiaries, associates, branches and joint ventures and the group can control their reversal and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax.

Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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Manchester Quays Riverside Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2023: 4)

4. Investment Property

	2024
	£
Fair Value
As at 1 January 2024 and 31 December 2024	2,000,000

5. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by group undertakings	5,416,964	5,416,964

All amounts shown under debtors fall due for payment within one year.

The amounts due from group undertakings are repayable on demand and not interest bearing.

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	81,305	81,305
Other creditors	741,042	297,360

	822,347	378,665

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	4,300,000	4,300,000

8. Deferred Taxation

The provision for deferred tax is made up of unrealised gains on fair value movements.

	2024	2023
	£	£
Other timing differences	246,438	-

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

10. Financial Instruments

The company considers that the fair value of cash and cash equivalents, loans, trade and other receivables. and trade and other payables are not materially different to their carrying value. There are no financial instruments at fair value through profit and loss.

11. Related Party Transactions

The company has taken advantage of the exemption allowed by Financial Reporting Standard 102, "Related Party Disclosures" Section 33.1A not to disclose details of related party transactions with entities that are 100% owned members of the same group.

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Manchester Quays Riverside Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

12. Ultimate Controlling Party

Manchester Quays Limited. a company registered in England & Wales, is the immediate parent company. The directors consider the ultimate parent company to be Capital Holdco Limited, a company registered in the British Virgin Islands.

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