REGISTERED NUMBER: 09286551 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

MANAGING ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A O'Brien

D O'Brien

C O'Brien

REGISTERED OFFICE:

Riverside House

River Lane

Saltney

Chester

CH4 8RQ

REGISTERED NUMBER:

09286551 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25 Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

Lloyds Bank

Po Box 1000

Market Street

Manchester

BX1 1LT

FIXED ASSETS

Tangible assets

4

13,850

23,637

Investments

5

185,000

-

198,850

23,637

CURRENT ASSETS

Stocks

265,000

-

Debtors

6

124,523

298,758

Cash at bank and in hand

35,226

28,786

424,749

327,544

CREDITORS

Amounts falling due within one year

7

595,330

307,901

NET CURRENT (LIABILITIES)/ASSETS

(170,581

)

19,643

TOTAL ASSETS LESS CURRENT LIABILITIES

28,269

43,280

CREDITORS

Amounts falling due after more than one year

8

(15,481

)

(24,833

)

PROVISIONS FOR LIABILITIES

9

(1,901

)

(4,248

)

NET ASSETS

10,887

14,199

CAPITAL AND RESERVES

Called up share capital

10

300

300

Retained earnings

10,587

13,899

SHAREHOLDERS' FUNDS

10,887

14,199

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

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

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 31st October 2025 and were signed on its behalf by:

A O'Brien - Director

1.	STATUTORY INFORMATION

Managing Estates Limited 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.

The financial statements have been prepared on a going concern basis on the assumption that the support of the providers of finance will be continued. If this support is withdrawn, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and current liabilities.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 54 (2023 - 35 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st November 2023

and 31st October 2024

35,610

8,000

31,422

75,032

DEPRECIATION

At 1st November 2023

24,114

4,625

22,656

51,395

Charge for year

3,458

844

5,485

9,787

At 31st October 2024

27,572

5,469

28,141

61,182

NET BOOK VALUE

At 31st October 2024

8,038

2,531

3,281

13,850

At 31st October 2023

11,496

3,375

8,766

23,637

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

185,000

At 31st October 2024

185,000

NET BOOK VALUE

At 31st October 2024

185,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Trade debtors

45,909

109,801

Other debtors

17,405

3,008

Loan to sites

61,209

12,677

Directors' current accounts

-

173,272

124,523

298,758

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans and overdrafts

9,741

11,141

Trade creditors

3,500

2,200

Tax

200,371

68,132

Social security and other taxes

28,968

19,755

VAT

142,169

73,322

Other creditors

201,959

128,175

Directors' current accounts

2,122

-

Accruals and deferred income

6,500

5,176

595,330

307,901

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans - 1-2 years

10,178

21,019

Bank loans - 2-5 years

5,303

3,814

15,481

24,833

9.	PROVISIONS FOR LIABILITIES

31.10.24

31.10.23

£

£

Deferred tax

Accelerated capital allowances

1,901

4,248

Deferred

tax

£

Balance at 1st November 2023

4,248

Movement in the year due to:

changes in tax allowances

(2,347

)

changes in tax rates

Balance at 31st October 2024

1,901

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.24

31.10.23

value:

£

£

300

Ordinary

£1

300

300

11.	CAPITAL COMMITMENTS

31.10.24

31.10.23

£

£

Contracted but not provided for in the

financial statements

-

-

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A O'Brien.