Manor Crest Construction Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04225330 (England and Wales)

MANOR CREST CONSTRUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

L M Hall

D A Wann

SECRETARY:

L M Hall

REGISTERED OFFICE:

Unit1, The Circus

Belton Park Road,

Lumley Fields

Skegness

Lincolnshire

PE25 1GU

REGISTERED NUMBER:

04225330 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

27-29 Lumley Avenue

Skegness

Lincolnshire

PE25 2AT

BANKERS:

HSBC Bank PLC

49 Lumley Road

Skegness

Lincolnshire

PE25 3LW

FIXED ASSETS

Tangible assets

4

37,258

43,833

CURRENT ASSETS

Stocks

300,000

Debtors

5

2,424,775

12,443,770

Cash at bank

34,532

59,820

2,759,307

12,803,590

CREDITORS

Amounts falling due within one year

6

2,614,584

3,668,061

NET CURRENT ASSETS

144,723

9,135,529

TOTAL ASSETS LESS CURRENT LIABILITIES

181,981

9,179,362

CREDITORS

Amounts falling due after more than one year

7

(19,630

)

(8,979,842

)

PROVISIONS FOR LIABILITIES

(9,314

)

(10,958

)

NET ASSETS

153,037

188,562

CAPITAL AND RESERVES

Called up share capital

9

2

Retained earnings

153,035

188,560

SHAREHOLDERS' FUNDS

153,037

188,562

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 15 July 2026 and were signed on its behalf by:

L M Hall - Director

1.	STATUTORY INFORMATION

Manor Crest Construction 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.

Revenue recognition

Turnover represents net invoiced and accrued sales of goods and services, excluding value added tax.

Work in progress of a long term contract nature is recognised in turnover as amounts recoverable on contracts according to the degree of completion of each project.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Work in progress and development costs

Land on hand is valued at the lower of cost and net realisable value. Cost includes all direct expenditure.

Work in progress on developments where there is a confirmed order or sale at the balance sheet date is valued at cost. In accordance with UK GAAP, a proportionate element of the contract value is accounted for as amounts recoverable on contracts within turnover and a proportionate share of anticipated profit is included in the profit and loss account.

Work in progress on developments where there is no confirmed sale of the relevant properties is carried at cost less provision for anticipated losses where considered necessary. No amounts are recognised in turnover.

Financial instruments

The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 statement of financial position date.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership of the asset remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 November 2024

and 31 October 2025

2,724

3,563

58,648

645

65,580

DEPRECIATION

At 1 November 2024

595

2,916

17,755

481

21,747

Charge for year

319

97

6,134

25

6,575

At 31 October 2025

914

3,013

23,889

506

28,322

NET BOOK VALUE

At 31 October 2025

1,810

550

34,759

139

37,258

At 31 October 2024

2,129

647

40,893

164

43,833

The net book value of tangible fixed assets includes £ 32,303 (2024 - £ 38,003 ) in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

97,135

391,686

Other debtors

2,327,640

12,052,084

2,424,775

12,443,770

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

2,096

9,828

Hire purchase contracts

7,138

35,014

Trade creditors

358,581

484,491

Taxation and social security

219,304

228,958

Other creditors

2,027,465

2,909,770

2,614,584

3,668,061

Included in other creditors due within one year is £1,867,514 (2024: £2,374,106) due to Manor Crest Homes Limited, the ultimate parent company, controlled by the directors of Manor Crest Construction Limited.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

-

7,541

Hire purchase contracts

19,630

-

Other creditors

-

8,972,301

19,630

8,979,842

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Hire purchase contracts

26,768

35,014

The hire purchase contracts are secured on the assets to which they relate.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

2

Ordinary

£1

2

10.	RELATED PARTY DISCLOSURES

During the period Manor Crest Construction Limited incurred a management charge of £Nil (30 October 2024: £120,000) from Manor Crest Homes Limited, the ultimate parent company, controlled by the directors of Manor Crest Construction Limited.

Included in other debtors is £2,199,840 (30 October 2024: £12,047,062) due from companies under the direct control of the directors.

Included in other creditors due with in one year is £1,870,431 (30 October 2024: £2,702,294) due to the parent company or companies under the direct control of the directors.

Included in other creditors due after one year is £Nil (30 October 2024: £8,972,301) due to companies under the direct control of the directors.

11.	ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate holding company is Manor Crest Homes Limited.