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

COMPANY REGISTRATION NUMBER: 04708273

Bright Manor Limited

Filleted Unaudited Financial Statements

31 March 2025

Bright Manor Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Balance sheet	1

Notes to the financial statements	3

Bright Manor Limited

Balance Sheet

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Investments	4		1,000,000	1,200,000

Current assets

Debtors	5	2,811	3,565
Cash at bank and in hand		64,725	150,366
		--------	---------
		67,536	153,931

Creditors: amounts falling due within one year	6	1,991		45,961
		--------		---------
Net current assets			65,545	107,970
			------------	------------
Total assets less current liabilities			1,065,545	1,307,970

Creditors: amounts falling due after more than one year	7	698,798	698,798
		------------	------------
Net assets		366,747	609,172
		------------	------------

Capital and reserves

Called up share capital		2	2
Profit and loss account	8	366,745	609,170
		---------	---------
Shareholders funds		366,747	609,172
		---------	---------

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 31 March 2025 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 .

Bright Manor Limited

Balance Sheet (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 18 September 2025 , and are signed on behalf of the board by:

Mr N Karania
Director

Company registration number: 04708273

Bright Manor Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 26 The I O Centre, Hearle Way, Hatfield, AL10 9EW, Hertfordshire.

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.

Revenue recognition

The rental income shown in the profit and loss account represents amounts receivable during the period, exclusive of Value Added Tax.

Investments

Investment properties are revalued annually to their fair value and any surplus or deficit is dealt with through profit and loss. No depreciation or amortisation is provided in respect of investment properties.

Financial instruments

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 entity after deducting all of its financial liabilities.

4. Investments

	Freehold investment property
	£
Cost
At 1 April 2024 and 31 March 2025	1,779,815
	------------
Impairment
At 1 April 2024	579,815
Revaluations	200,000
	------------
At 31 March 2025	779,815
	------------

Carrying amount
At 31 March 2025	1,000,000
	------------
At 31 March 2024	1,200,000
	------------

The freehold investment property has been valued by the Directors based on current market conditions.

5. Debtors

	2025	2024
	£	£
Other debtors	2,811	3,565
	-------	-------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	1,880	1,853
Corporation tax	–	44,017
Other creditors	111	91
	-------	--------
	1,991	45,961
	-------	--------

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

	2025	2024
	£	£
Other creditors	698,798	698,798
	---------	---------

At the reporting date, the company owed £698,798 (2024: £698,798) to the shareholders in respect of their interest free loans which does not have a fixed repayment date. The directors do not foresee any amount of the loans to be repaid within 12 months of the reporting date and therefore the loans have been disclosed under amounts falling due after more than one year.

8. Reserves

	2025	2024
	£	£
Profit and loss (distributable reserves)	1,146,560	1,188,985
Fair value losses on investment property	(779,815)	(579,815)
	------------	------------
	366,745	609,170
	------------	------------