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Registered number: 00965542
MENHENITT & PRIOR LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00965542
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 38,106 382
Investment Properties 5 1,154,000 1,083,000
1,192,106 1,083,382
CURRENT ASSETS
Debtors 6 88,587 75,763
Cash at bank and in hand 562,131 662,011
650,718 737,774
Creditors: Amounts Falling Due Within One Year 7 (87,252 ) (95,455 )
NET CURRENT ASSETS (LIABILITIES) 563,466 642,319
TOTAL ASSETS LESS CURRENT LIABILITIES 1,755,572 1,725,701
PROVISIONS FOR LIABILITIES
Provisions For Charges 8 (5,000 ) (43,130 )
Deferred Taxation (85,948 ) (58,895 )
NET ASSETS 1,664,624 1,623,676
CAPITAL AND RESERVES
Called up share capital 9 10,500 10,500
Fair value reserve 10 409,243 355,993
Profit and Loss Account 1,244,881 1,257,183
SHAREHOLDERS' FUNDS 1,664,624 1,623,676
Page 1
Page 2
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
J M Snell
Director
18th August 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MENHENITT & PRIOR LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 00965542 . The registered office is 20 Bess Park Road, Trenant Industrial Estate, Wadebridge, Cornwall, PL27 6HB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents the invoiced value of rents from light industrial units.
Rental Income
Rental income is recognised on a straight line basis over the life of the lease.
The unearned portion of lease invoices, relating to future periods, is excluded from income and
included in accruals and deferred income.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2025: NIL)
1 -
Page 3
Page 4
4. Tangible Assets
Motor Vehicles
£
Cost or Valuation
As at 1 April 2025 3,825
Additions 50,808
Disposals (3,825 )
As at 31 March 2026 50,808
Depreciation
As at 1 April 2025 3,443
Provided during the period 12,702
Disposals (3,443 )
As at 31 March 2026 12,702
Net Book Value
As at 31 March 2026 38,106
As at 1 April 2025 382
5. Investment Property
2026
£
Fair Value
As at 1 April 2025 1,083,000
Revaluations 71,000
As at 31 March 2026 1,154,000
The freehold investment property was acquired on 3rd June 1983. The freehold property was
revalued on 31st March 2026 by the directors.
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 84,093 68,219
Other debtors 4,494 7,544
88,587 75,763
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 2,547 12,000
Other creditors 71,984 54,899
Taxation and social security 12,721 28,556
87,252 95,455
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Page 5
8. Provisions for Liabilities
Deferred Tax Other Provisions Total
£ £ £
As at 1 April 2025 58,895 43,130 102,025
Reversals - (38,130 ) (38,130)
Deferred taxation 27,053 - 27,053
Balance at 31 March 2026 85,948 5,000 90,948
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 10,500 10,500
10. Reserves
Fair value reserve Profit and Loss Account
£ £
As at 1 April 2025 355,993 1,257,183
Profit for the year and total comprehensive income - 156,015
Dividends paid - (115,067)
Movements in fair value reserve 53,250 -
Transfer to/from Fair value reserve - (53,250)
As at 31 March 2026 409,243 1,244,881
11. Controlling Party Not Known
The company's controlling party is unknown.
Page 5