Manor Park Homes Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02239618

MANOR PARK HOMES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 September 2024

MANOR PARK HOMES LIMITED

STATEMENT OF FINANCIAL POSITION

30 September 2024

	2024		2023
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		176,110		177,397

CURRENT ASSETS

Stocks		135,245	106,245
Debtors	6	541,894	656,909
Cash at bank and in hand		566,011	578,009
		------------	------------
		1,243,150	1,341,163

CREDITORS: amounts falling due within one year	7	782,215		694,051
		------------		------------
NET CURRENT ASSETS			460,935		647,112
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			637,045		824,509
			---------		---------
NET ASSETS			637,045		824,509
			---------		---------

CAPITAL AND RESERVES

Called up share capital fully paid	100	100
Profit and loss account	636,945	824,409
	---------	---------
SHAREHOLDERS FUNDS	637,045	824,509
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

MANOR PARK HOMES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 September 2024

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

Mr J T Berwick

Director

Company registration number: 02239618

MANOR PARK HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Furnace Lane, Finedon Sidings, Finedon, Northamptonshire, NN9 5NY.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	15% reducing balance
Office Equipment	-	25% reducing balance
Motor Vehicles	-	25% reducing balance
Computer Equipment	-	33% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the Profit and Loss Account.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 27 (2023: 25 ).

5. TANGIBLE ASSETS

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 October 2023	341,601	8,159	24,116	7,315	381,191
Additions	31,433	–	–	734	32,167
Disposals	–	–	( 17,343)	–	( 17,343)
	---------	-------	--------	-------	---------
At 30 September 2024	373,034	8,159	6,773	8,049	396,015
	---------	-------	--------	-------	---------
Depreciation
At 1 October 2023	174,507	3,495	20,815	4,977	203,794
Charge for the year	29,776	–	606	2,191	32,573
Disposals	–	–	( 16,462)	–	( 16,462)
	---------	-------	--------	-------	---------
At 30 September 2024	204,283	3,495	4,959	7,168	219,905
	---------	-------	--------	-------	---------
Carrying amount
At 30 September 2024	168,751	4,664	1,814	881	176,110
	---------	-------	--------	-------	---------
At 30 September 2023	167,094	4,664	3,301	2,338	177,397
	---------	-------	--------	-------	---------

6. DEBTORS

	2024	2023
	£	£
Trade debtors	326,361	460,009
Other debtors	215,533	196,900
	---------	---------
	541,894	656,909
	---------	---------

7. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	695,387	609,584
Corporation tax	–	11,907
Social security and other taxes	66,850	49,107
Other creditors	19,978	23,453
	---------	---------
	782,215	694,051
	---------	---------

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Miss J R Berwick	23,840	528	( 760)	23,608
Mr J T Berwick	11,440	249	( 760)	10,929
	--------	----	-------	--------
	35,280	777	( 1,520)	34,537
	--------	----	-------	--------

	2023
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Miss J R Berwick	( 6,400)	32,000	( 1,760)	23,840
Mr J T Berwick	( 6,800)	20,000	( 1,760)	11,440
	--------	--------	-------	--------
	( 13,200)	52,000	( 3,520)	35,280
	--------	--------	-------	--------