The Manor House St. Hilary Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03747253 (England and Wales)

THE MANOR HOUSE ST. HILARY LIMITED

Unaudited Financial Statements

for the Year Ended 31 May 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S M Evans

M J Murphy

SECRETARY:

M J Murphy

REGISTERED OFFICE:

The Manor House

St Hilary

COWBRIDGE

Vale of Glamorgan

CF71 7DP

REGISTERED NUMBER:

03747253 (England and Wales)

FIXED ASSETS

Tangible assets

4

293,105

2,266,425

Investments

5

512,975

507,405

Investment property

6

-

1,403,645

806,080

4,177,475

CURRENT ASSETS

Stocks

6,881

6,255

Debtors

7

107,864

74,272

Cash at bank and in hand

2,371,618

2,405,874

2,486,363

2,486,401

CREDITORS

Amounts falling due within one year

8

(892,365

)

(986,524

)

NET CURRENT ASSETS

1,593,998

1,499,877

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,400,078

5,677,352

PROVISIONS FOR LIABILITIES

(177,647

)

(166,977

)

NET ASSETS

2,222,431

5,510,375

CAPITAL AND RESERVES

Called up share capital

10

603,576

603,572

Investment revaluation reserve

11

498,003

Retained earnings

1,120,852

4,408,800

SHAREHOLDERS' FUNDS

2,222,431

5,510,375

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2026 and were signed on its behalf by:

S M Evans - Director

1.	STATUTORY INFORMATION

The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

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

2.	ACCOUNTING POLICIES

Accounting convention

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 as modified by the revaluation of certain assets.

There have been no material departures from Financial Reporting Standard 102 1A.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year after adjustment for fees invoiced in advance.

Tangible fixed assets

All fixed assets are initially recorded at cost.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and property

- 2% on cost

Fixtures and fittings

- 10% - 25% on cost

Motor vehicles

- 25% on cost

Investment property

The directors estimate the fair value of the investment property based on information publicly available regarding sales of similar properties in the area and rental yields. Revaluation surpluses are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Pension costs and other post-retirement benefits

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at bank and in hand.

Investments

Investments are stated at market value. Any increases or decreases in market value of investments is taken to the profit and loss account in the year. Any deferred tax in respect of these increases or decreases in market value are also charged to the profit and loss account in the year.

Non-derivative financial instruments

Non-derivative financial instruments comprise trade and other debtors, cash and cash equivalents, trade and other creditors.

Unless otherwise stated, the carrying value of the company's financial assets and liabilities are a reasonable approximation of their fair values.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 74 (2024 - 72 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Land and

and

Motor

Property

Fittings

vehicles

Totals

£

COST

At 1 June 2024

2,833,591

832,560

175,836

3,841,987

Additions

-

94,332

30,000

124,332

Disposals

(2,833,591

)

-

(2,833,591

)

At 31 May 2025

-

926,892

205,836

1,132,728

DEPRECIATION

At 1 June 2024

793,387

644,380

137,795

1,575,562

Charge for year

56,715

31,784

25,664

114,163

Eliminated on disposal

(850,102

)

-

(850,102

)

At 31 May 2025

-

676,164

163,459

839,623

NET BOOK VALUE

At 31 May 2025

-

250,728

42,377

293,105

At 31 May 2024

2,040,204

188,180

38,041

2,266,425

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 June 2024

507,405

Additions

63,529

Disposals

(62,553

)

Revaluations

4,594

At 31 May 2025

512,975

NET BOOK VALUE

At 31 May 2025

512,975

At 31 May 2024

507,405

Cost or valuation at 31 May 2025 is represented by:

Other

investments

£

Valuation in 2025

512,975

The fair value of listed investments is determined by reference to the quoted price for identical assets in an active market at the balance sheet date.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

1,403,645

Disposals

(1,403,645

)

At 31 May 2025

-

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

1,403,645

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

59,036

35,689

Other debtors

29,855

15,622

Prepayments and accrued income

18,973

22,961

107,864

74,272

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

28,963

34,088

Corporation tax

77,676

144,360

Social security and other taxes

82,479

59,621

Other creditors

11,679

16,027

Accruals and deferred income

691,568

732,428

892,365

986,524

9.	FINANCIAL INSTRUMENTS

2024

2023

£

Financial assets measured at amortised cost

2,457,185

1,770,727

Financial assets measured at fair value

507,405

454,836

2.964,590

2,225,563

Financial liabilities measured at amortised cost

539,630

165,236

There is no interest paid included within the profit and loss account in respect of the financial liabilities detailed above for the current or prior year.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

603,567

Ordinary

£1

603,567

2

Ordinary B

£1

2

3

Ordinary C

£1

3

4

Ordinary D

£1

4

-

603,576

603,572

The following shares were issued during the year for cash at par :

4 Ordinary D shares of £1

11.

RESERVES

Investment

revaluation

reserve

£

At 1 June 2024

and 31 May 2025

498,003

12.	RELATED PARTY DISCLOSURES

On 17 April 2025, G.I.P.L Holdings Limited acquired a 100% shareholding in the ordinary issued share capital of the company via a share for share exchange with the shareholders.

The immediate holding company is G.I.P.L Holdings Limited.