Manor Property Company (Burton) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 01168458 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Manor Property Company (Burton) Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P J Shipley

REGISTERED OFFICE:

Unit 4, Block 5.1.3

Newborough Road

Needwood

Burton on Trent

Staffordshire

DE13 9PD

REGISTERED NUMBER:

01168458 (England and Wales)

ACCOUNTANTS:

Bourne & Co

Chartered Accountants

6 Lichfield Street

Burton-on-Trent

Staffordshire

DE14 3RD

FIXED ASSETS

Tangible assets

4

3,839

4,630

Investment property

5

1,320,000

1,305,000

1,323,839

1,309,630

CURRENT ASSETS

Debtors

79,643

151,400

Cash at bank

3,664

6,772

83,307

158,172

CREDITORS

Amounts falling due within one year

45,829

37,459

NET CURRENT ASSETS

37,478

120,713

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,361,317

1,430,343

CREDITORS

Amounts falling due after more than
one year

(177,186

)

(206,352

)

PROVISIONS FOR LIABILITIES

(115,700

)

(112,874

)

NET ASSETS

1,068,431

1,111,117

CAPITAL AND RESERVES

Called up share capital

7

16,611

Capital redemption reserve

8

16,611

Fair value reserve

8

627,993

615,819

Retained earnings

8

407,216

462,076

SHAREHOLDERS' FUNDS

1,068,431

1,111,117

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2025 and were signed by:

P J Shipley - Director

1.	STATUTORY INFORMATION

Manor Property Company (Burton) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

28,094

Disposals

(4,009

)

At 31 December 2024

24,085

DEPRECIATION

At 1 January 2024

23,464

Charge for year

671

Eliminated on disposal

(3,889

)

At 31 December 2024

20,246

NET BOOK VALUE

At 31 December 2024

3,839

At 31 December 2023

4,630

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

1,305,000

Revaluations

15,000

At 31 December 2024

1,320,000

NET BOOK VALUE

At 31 December 2024

1,320,000

At 31 December 2023

1,305,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2017

258,163

Valuation in 2022

468,267

Valuation in 2023

11,131

Valuation in 2024

15,000

Cost

567,439

1,320,000

The fair value of the investment property has been assessed by the director, Mr P J Shipley. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

Bank loans

212,363

236,028

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

16,611

Ordinary

£1

16,611

8.

RESERVES

Capital

Fair

Retained

redemption

value

earnings

reserve

Totals

£

At 1 January 2024

462,076

16,611

615,819

1,094,506

Profit for the year

23,914

Dividends

(66,600

)

(66,600

)

Realised revaluation reserve

(15,000

)

-

15,000

-

Deferred tax on revalued asset

2,826

-

(2,826

)

-

At 31 December 2024

407,216

16,611

627,993

1,051,820

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

P J Shipley

Balance outstanding at start of year

39,058

(100

)

Amounts advanced

22,278

50,000

Amounts repaid

(64,452

)

(10,842

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(3,116

)

39,058

10.	RELATED PARTY DISCLOSURES

A property owned by the company is rented to another company of which the director, P J Shipley, is also a director and shareholder, at a rent below market value.