Registration number: 09328893

Manchester Property Development Holdings Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 11

Manchester Property Development Holdings Limited

Company Information

Director

Mr S J Beech

Registered office

C/O Williamson & Croft York House 20 York Street Manchester M2 3BB

Accountants

UHY Williamson Croft Chartered Accountants York House 20 York Street Manchester M2 3BB

Manchester Property Development Holdings Limited

(Registration number: 09328893)
Balance Sheet as at 29 September 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	584,785	642,505
Investments	5	1,203,286	1,203,286
		1,788,071	1,845,791
Current assets
Stocks	6	280	-
Debtors	7	12,189,147	12,356,814
Cash at bank and in hand		61,561	91,035
		12,250,988	12,447,849
Creditors: Amounts falling due within one year	8	(9,269,378)	(8,675,080)
Net current assets		2,981,610	3,772,769
Total assets less current liabilities		4,769,681	5,618,560
Creditors: Amounts falling due after more than one year	8	(9,598,783)	(9,598,783)
Net liabilities		(4,829,102)	(3,980,223)
Capital and reserves
Called up share capital	9	823	823
Retained earnings		(4,829,925)	(3,981,046)
Shareholders' deficit		(4,829,102)	(3,980,223)

For the financial period ending 29 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Manchester Property Development Holdings Limited

(Registration number: 09328893)
Balance Sheet as at 29 September 2024 (continued)

Approved and authorised by the director on 15 December 2025
 

......................................... Mr S J Beech Director

Manchester Property Development Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 29 September 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/O Williamson & Croft
York House
20 York Street
Manchester
M2 3BB
United Kingdom

These financial statements were authorised for issue by the director on 15 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company.

Summary of disclosure exemptions

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore they continue to adopt the going concern basis of accounting in the preparation of the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Manchester Property Development Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 29 September 2024 (continued)

2	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold land and buildings	5% on cost
Leasehold improvements	5% on cost
Fixtures and fittings	15% reducing balance

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Manchester Property Development Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 29 September 2024 (continued)

2	Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

Manchester Property Development Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 29 September 2024 (continued)

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 October 2023	176,246	805,844	982,090
Additions	-	3,084	3,084
At 29 September 2024	176,246	808,928	985,174
Depreciation
At 1 October 2023	73,226	266,359	339,585
Charge for the period	8,812	51,992	60,804
At 29 September 2024	82,038	318,351	400,389
Carrying amount
At 29 September 2024	94,208	490,577	584,785
At 30 September 2023	103,020	539,485	642,505

Included within the net book value of land and buildings above is £94,207 (2023 - £103,019) in respect of short leasehold land and buildings.
 

5	Investments

	2024 £	2023 £
Investments in subsidiaries	1,203,286	1,203,286