REGISTERED NUMBER: 05720915 (England and Wales)

MANOR CREST HOMES 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

8

DIRECTORS:

L M Hall

D A Wann

SECRETARY:

L M Hall

REGISTERED OFFICE:

Unit 1 The Circus

Belton Park Road

Skegness

PE25 1GU

REGISTERED NUMBER:

05720915 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

27-29 Lumley Avenue

Skegness

Lincolnshire

PE25 2AT

BANKERS:

Barclays Bank

Leicester

Leicestershire

LE87 2BB

FIXED ASSETS

Tangible assets

4

90,044

102,333

Investments

5

500,003

500,003

590,047

602,336

CURRENT ASSETS

Stocks

2,343,210

3,013,691

Debtors

6

7,386,773

8,688,415

Cash at bank and in hand

1,134,679

518,077

10,864,662

12,220,183

CREDITORS

Amounts falling due within one year

7

769,631

2,271,185

NET CURRENT ASSETS

10,095,031

9,948,998

TOTAL ASSETS LESS CURRENT LIABILITIES

10,685,078

10,551,334

CREDITORS

Amounts falling due after more than one year

8

(20,224

)

(38,590

)

PROVISIONS FOR LIABILITIES

(253,587

)

(263,904

)

NET ASSETS

10,411,267

10,248,840

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

10,411,265

10,248,838

SHAREHOLDERS' FUNDS

10,411,267

10,248,840

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 Homes 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Manor Crest Homes Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Sales of properties are recognised at the time of legal completion of the relevant sales contract, not the time of exchange.

Work in progress relating to pre sold properties is accounted for under FRS 102 as an amount recoverable on contracts. Advance payments / deposits are accounted for as required under FRS 102 as payments on account deducted from work in progress or included in creditors.

Rental income is recognised in the period to which it relates. Rent paid in advance is thus deferred over the relevant period.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% 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.

Land and work in progress

Land and work in progress are valued at the lower of cost and estimated selling price less cost to sell. Land includes undeveloped land and land under development. Work in progress comprises direct materials, labour costs, site overheads, associated professional charges and other attributable overheads.

Financial instruments

The company has chosen to adopt the FRS102 1A 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the income statement 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 the income statement in the period to which they relate.

Investments

Investments in subsidiary undertakings are recognised at Fair Value and not at cost.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 November 2024

275,867

38,027

152,348

466,242

Additions

-

2,355

12,300

14,655

At 31 October 2025

275,867

40,382

164,648

480,897

DEPRECIATION

At 1 November 2024

236,102

26,686

101,121

363,909

Charge for year

9,942

3,312

13,690

26,944

At 31 October 2025

246,044

29,998

114,811

390,853

NET BOOK VALUE

At 31 October 2025

29,823

10,384

49,837

90,044

At 31 October 2024

39,765

11,341

51,227

102,333

The net book value of tangible fixed assets includes £ 28,548 (2024 - £ 38,063 ) in respect of assets held under hire purchase contracts.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST OR VALUATION

At 1 November 2024

and 31 October 2025

500,003

NET BOOK VALUE

At 31 October 2025

500,003

At 31 October 2024

500,003

Cost or valuation at 31 October 2025 is represented by:

Shares in

group

undertakings

£

Valuation in 2012

(138,000

)

Valuation in 2017

(425,000

)

Cost

1,063,003

500,003

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,369

37,593

Amounts owed by related undertakings

1,867,514

2,374,106

Other debtors

5,512,890

6,276,716

7,386,773

8,688,415

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

281,379

Hire purchase contracts

19,604

12,480

Trade creditors

194,890

266,277

Taxation and social security

151,535

483,539

Other creditors

403,602

1,227,510

769,631

2,271,185

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

20,224

38,590

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

-

281,379

Hire purchase contracts

39,828

51,070

39,828

332,449

The bank loan is secured against land owed by the company.

Hire purchase contracts are secured against the assets to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2