Manor Homes (Yorkshire) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01840477 (England and Wales)

MANOR HOMES (YORKSHIRE) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2019

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Ms M T Cheriton-Metcalfe

P J Pearson

SECRETARY:

M I Brown

REGISTERED OFFICE:

The Old Coach House

Gainsborough Road

Drinsey Nook

Lincoln

Lincolnshire

LN1 2JJ

REGISTERED NUMBER:

01840477 (England and Wales)

SENIOR STATUTORY AUDITOR:

Timothy Godson FCA

AUDITORS:

Duncan & Toplis Limited, Statutory Auditor

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Tangible assets

4

280,826

260,698

CURRENT ASSETS

Stocks

2,241,069

1,947,179

Debtors

5

129,766

125,180

Cash at bank and in hand

43,629

157

2,414,464

2,072,516

CREDITORS

Amounts falling due within one year

6

3,440,338

2,946,655

NET CURRENT LIABILITIES

(1,025,874

)

(874,139

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(745,048

)

(613,441

)

CAPITAL AND RESERVES

Called up share capital

8

200,013

200,013

Retained earnings

(945,061

)

(813,454

)

SHAREHOLDERS' FUNDS

(745,048

)

(613,441

)

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 Board of Directors on 6 September 2019 and were signed on its behalf by:

P J Pearson - Director

1.	STATUTORY INFORMATION

Manor Homes (Yorkshire) 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

No depreciation is charged on freehold property on the grounds of immateriality. Freehold property is subject

to regular maintenance and repair such that in the opinion of the directors the residual value is not materially

different from the value in the financial statements and has a long useful economic life. The directors consider

the need for impairment at each period end.

Impairment or fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being

estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is

impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purpose of impairment testing, when it is not possible to estimate the recoverable amount of an

individual asset, as estimate is made of the recoverable amount of the cash- generating unit to which the asset

belongs. The cash-generating unit is the smallest identifiable group if assets that included the asset and

generates cash inflows that largely independent of the cash inflows from other assets or group assets.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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.

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 income statement in the period to which they relate.

Going concern

Whilst the statement of financial position continues to show an overall deficit, the directors believe that the

company has adequate resources to continue in operational existence for the foreseeable future. The largest

creditor balance is due to United Health Ltd, the immediate parent company and the directors have received

confirmation of continued financial support from United Health Limited. In addition, the stock retained is

expected to realise amounts in excess of the accumulated losses to date when sold on the open market. For

these reasons, the directors consider that it is appropriate to prepare the accounts on the going concern basis.

Rental income

Rental income is recognised over the period to which it relates.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2018 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2018

240,000

58,669

298,669

Additions

-

39,783

39,783

At 31 January 2019

240,000

98,452

338,452

DEPRECIATION

At 1 February 2018

-

37,971

37,971

Charge for year

-

19,655

19,655

At 31 January 2019

-

57,626

57,626

NET BOOK VALUE

At 31 January 2019

240,000

40,826

280,826

At 31 January 2018

240,000

20,698

260,698

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

129,766

125,180

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

-

8,998

Trade creditors

53,988

7,704

Amounts owed to group undertakings

3,332,471

2,918,395

Taxation and social security

6,251

5,908

Other creditors

47,628

5,650

3,440,338

2,946,655

7.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank overdraft

-

8,998

Bank overdrafts of £nil (2018 - £8,998) are secured by fixed and floating charges over the assets of the

company.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

200,013

Ordinary

£1

200,013

200,013

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

The Report of the Auditors was unqualified.

Timothy Godson FCA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Limited, Statutory Auditor

10.	CONTINGENCIES

The company is a party to a composite cross guarantee given to the HSBC Bank Plc between United Health

Limited, Manor Homes (Yorkshire) Limited, United Health Group Limited, Barford Children's Services Limited,

Creative Care & Therapy Limited and United Children's Services Limited (formerly United Health (Medicare)

Limited).

11.	ULTIMATE CONTROLLING PARTY

The immediate parent company is United Health Limited.

The ultimate parent company is United Health Group Limited. United Health Group Limited is ultimately

controlled by the directors.