Company Registration No. 02197863 (England and Wales)
Manorgrove Estates Limited
Unaudited accounts
for the year ended 31 December 2024
Manorgrove Estates Limited
Unaudited accounts
Contents
Manorgrove Estates Limited
Statement of financial position
as at 31 December 2024
Investment property
7,100,845
6,809,407
Cash at bank and in hand
267,073
477,517
Creditors: amounts falling due within one year
(205,772)
(191,345)
Net current assets
304,004
334,986
Total assets less current liabilities
7,405,696
7,144,431
Provisions for liabilities
Deferred tax
(73,024)
(72,812)
Net assets
7,332,672
7,071,619
Called up share capital
1,020
1,020
Revaluation reserve
274,833
274,833
Fair value reserve
218,390
218,390
Profit and loss account
6,838,429
6,577,376
Shareholders' funds
7,332,672
7,071,619
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2025 and were signed on its behalf by
Malcolm D Wells
Director
Company Registration No. 02197863
Manorgrove Estates Limited
Notes to the Accounts
for the year ended 31 December 2024
Manorgrove Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 02197863. The registered office is Spring House, Bath Row, Stamford, Lincolnshire, PE9 2QX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Computer equipment
20% reducing balance & 33% straight line
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Manorgrove Estates Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
460
455
915
At 31 December 2024
460
1,679
2,139
At 1 January 2024
428
449
877
Charge for the year
6
409
415
At 31 December 2024
434
858
1,292
At 31 December 2024
26
821
847
At 31 December 2023
32
6
38
Fair value at 1 January 2024
6,809,407
At 31 December 2024
7,100,845
As at the 31st December 2021, the investment properties were valued at market value. These were done by Mr M. D. Wells & Mr H. M. Wells, both of which are members of the Royal Institute of Chartered Surveyors.
Amounts falling due within one year
Trade debtors
19,037
13,003
Amounts due from group undertakings etc.
185,000
-
Accrued income and prepayments
9,319
6,394
Other debtors
29,347
29,417
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
74,405
57,838
Taxes and social security
102,020
104,090
Other creditors
29,347
29,417
8
Transactions with related parties
As at the 31st December 2024 within debtors, £185,000 ( 2023 - £nil) was owed from a related party, for which the majority of directors have a participating interest in. This loan is interest free and is repayable on demand.
Manorgrove Estates Limited
Notes to the Accounts
for the year ended 31 December 2024
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).