REGISTERED NUMBER: 05164965 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

MANORSIDE HOMES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs Z H Close

REGISTERED OFFICE:

1 Kings Avenue

London

N21 3NA

REGISTERED NUMBER:

05164965 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

46 Hamilton Square

Birkenhead

Merseyside

CH41 5AR

FIXED ASSETS

Investment property

4

-

355,000

CURRENT ASSETS

Debtors

5

534,143

198,793

CREDITORS

Amounts falling due within one year

6

404,983

397,585

NET CURRENT ASSETS/(LIABILITIES)

129,160

(198,792

)

TOTAL ASSETS LESS CURRENT LIABILITIES

129,160

156,208

PROVISIONS FOR LIABILITIES

-

55,940

NET ASSETS

129,160

100,268

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

7

-

167,821

Retained earnings

129,060

(67,653

)

SHAREHOLDERS' FUNDS

129,160

100,268

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2026 and were signed by:

Mrs Z H Close - Director

1.	STATUTORY INFORMATION

Manorside 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Investment property

Investment property is initially measured at cost, which includes purchase price and any directly attributable costs, such as professional fees and transaction costs.

Subsequently, investment property is measured at fair value at each reporting date. Fair value is determined based on market evidence, typically provided by a professional valuation conducted annually. Changes in fair value are recognized in the profit and loss account in the period in which they arise.

Investment property is not depreciated but is revalued annually to reflect its fair value. Any gains or losses arising from changes in fair value are included in the profit and loss account for the period.

Financial instruments

Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

355,000

Disposals

(355,000

)

At 31 January 2025

-

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

355,000

The investment property comprised the company's half share of the freehold property at 247 Barking Road, London E13, held jointly with its parent company, 808 Limited.

On 16 January 2025 the company sold its interest in the property to Maden Property Holdings Ltd, a fellow group undertaking. The price was the company's share of the property's market value as determined by independent RICS registered valuers. The company held no investment property at the year end.

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

385,793

198,793

Amounts falling due after more than one year:

Amounts owed by group undertakings

148,350

-

Aggregate amounts

534,143

198,793

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to connected companies

1,812

-

Other creditors

403,171

397,585

404,983

397,585

A loan in other creditors is repayable on demand. It was previously shown as falling due after more than one year and is now shown within one year, and the 2024 comparatives have been reclassified the same way. This has no effect on profit, net assets or shareholders' funds.

7.

RESERVES

Fair

value

reserve

£

At 1 February 2024

167,821

Movement in the year

(167,821

)

At 31 January 2025

-

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Bradley Kelly BA BFP ACA FCCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

9.	RELATED PARTY DISCLOSURES

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.

Included in other debtors, amount falling due within one year, is an amount of £385,793 (2024: £198,793) owed by group undertakings. This loan was interest free and repayable on demand.

Included in other debtors, amount falling due more than one year, is an amount of £148,350 (2024: £Nil) owed by group undertakings. This loan was interest free and repayable on demand.

Included in other creditors, amount falling due within one year, is an amount of £1,812 (2024: £Nil) owed to connected companies. This loan was interest free and repayable on demand.

Included in creditors, amounts falling due within one year, is an amount of £15,741 (2024: £15,741) due to the directors of the company. This loan is interest free and repayable on demand.

10.	POST BALANCE SHEET EVENTS

No significant events have occurred between the reporting date, 31 Jan 2025, and the date the financial statements were authorized for issue that would require adjustment to or disclosure in the financial statements.

11.	ULTIMATE CONTROLLING PARTY

The company's immediate parent is 808 Limited incorporated in Jersey. The ultimate controlling parties are the shareholders of 808 Limited by virtue of their holdings in the parent company.

The largest and smallest group in which the results of the company are consolidated is that headed by Maden Group Ltd which is incorporated in the United Kingdom. The consolidated financial statements of this company are available to the public and may be obtained from the company's registered office being 1 Kings Avenue, London, United Kingdom, N21 3NA.