ACCOUNTS - Final Accounts preparation

Registered number: 12064807

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MAY 2025

	PATHWAY MANOR CLOSE LIMITED


PATHWAY MANOR CLOSE LIMITED

COMPANY INFORMATION

Directors	S C Philpot
	M P Ruckwood


Registered number	12064807


Registered office	Bank Court
	12a Manor Road
	Verwood
	Dorset
	BH31 6DY


Trading Address	Milewood House
	Hightown Hill
	Ringwood
	Hampshire
	BH24 3HE



Accountants	Menzies LLP
	Chartered Accountants
	Magna House
	18-32 London Road
	Staines-Upon-Thames
	TW18 4BP


PATHWAY MANOR CLOSE LIMITED

CONTENTS

	Page
Statement of financial position	1
Notes to the financial statements	2 - 3


PATHWAY MANOR CLOSE LIMITED REGISTERED NUMBER:12064807

STATEMENT OF FINANCIAL POSITION

AS AT 31 MAY 2025

		2025		2024
Note		£		£


Current assets
Stocks		2,104,142		2,104,142
Debtors: amounts falling due within one year	4	1,242		1,086
Cash at bank and in hand		406		57
		2,105,790		2,105,285
Creditors: amounts falling due within one year	5	(2,136,010)		(2,134,005)
Net current liabilities			(30,220)		(28,720)
Total assets less current liabilities			(30,220)		(28,720)

Net liabilities			(30,220)		(28,720)

Capital and reserves
Called up share capital	1	1
Profit and loss account	(30,221)	(28,721)
	(30,220)	(28,720)

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

S C Philpot

Director

Date: 28 May 2026

The notes on pages 2 to 3 form part of these financial statements.

Page 1


PATHWAY MANOR CLOSE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1.	General information

Pathway Manor Close Limited is a private company, limited by shares, registered in England and Wales. The company's registered office address is given on the Company Information page.

The presentational currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

At the balance sheet date of 31 May 2025 the company shows a deficiency of total assets over total liabilities of £30,220 (2024: £28,720). Due to the ongoing support of finance from other group companies, and expectation regarding future sales of the property development held in work in progress the company expects to meet its liabilities as they fall due.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

2.5

Stocks

Stocks comprise of development land and property held for resale and are stated at the lower of cost and net realisable. Value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is 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.

3.	Employees
	The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 2


PATHWAY MANOR CLOSE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	990	990
Other debtors	252	96
	1,242	1,086

5.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	3,582	577
Amounts owed to group undertakings	2,098,728	2,100,578
Accruals and deferred income	33,700	32,850
	2,136,010	2,134,005

6.	Controlling party

The ultimate parent company is Pathway Developments Limited, a company registered in England & Wales, whose registered office is Bank Court, 12a Manor Road, Verwood, Dorset, BH31 6DY.

Page 3