Manxguard Limited - Accounts to registrar (filleted) - small 18.2
Manxguard Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2019 |
| FOR |
| MANXGUARD LIMITED |
| MANXGUARD LIMITED (REGISTERED NUMBER: 01491793) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2019 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| MANXGUARD LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 JUNE 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 23 Yarm Road |
| Stockton on Tees |
| TS18 3NJ |
| MANXGUARD LIMITED (REGISTERED NUMBER: 01491793) |
| ABRIDGED BALANCE SHEET |
| 30 JUNE 2019 |
| 30/6/19 | 30/6/18 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | 7 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Other reserve | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| MANXGUARD LIMITED (REGISTERED NUMBER: 01491793) |
| ABRIDGED BALANCE SHEET - continued |
| 30 JUNE 2019 |
| 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 |
| MANXGUARD LIMITED (REGISTERED NUMBER: 01491793) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2019 |
| 1. | STATUTORY INFORMATION |
| Manxguard Limited is a |
| number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the 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. |
| Tangible fixed assets |
| Plant and machinery | - |
| Motor vehicles | - |
| Investment property |
| Investment properties are valued by the directors and included at open market value. Any excess on cost is taken to other |
| reserves and any permanent reduction in value over cost is charged to the profit and loss account. |
| Stocks |
| Stocks are building material stocks and land and development work in progress. Both are valued at the lower of cost and |
| net realisable value. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet |
| date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the |
| transaction. Exchange differences are taken into account in arriving at the operating result. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| MANXGUARD LIMITED (REGISTERED NUMBER: 01491793) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2019 |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 July 2018 |
| and 30 June 2019 |
| DEPRECIATION |
| At 1 July 2018 |
| Charge for year |
| At 30 June 2019 |
| NET BOOK VALUE |
| At 30 June 2019 |
| At 30 June 2018 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 July 2018 |
| Additions |
| Revaluations | 200,000 |
| At 30 June 2019 |
| NET BOOK VALUE |
| At 30 June 2019 |
| At 30 June 2018 |
| Investment properties have an original cost of £3,257,631 (2018: £2,670,091). |
| 6. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30/6/19 | 30/6/18 |
| £ | £ |
| Bank loans |
| All bank loans are secured by a legal charge over several assets of the business. The loans are repayable on a monthly basis |
| on normal commercial terms. |
| 7. | PROVISIONS FOR LIABILITIES |
| 30/6/19 | 30/6/18 |
| £ | £ |
| Deferred tax | 220,613 | 170,949 |
| MANXGUARD LIMITED (REGISTERED NUMBER: 01491793) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2019 |
| 7. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Balance at 1 July 2018 |
| Provided during year |
| Balance at 30 June 2019 |
| 8. | RESERVES |
| Other |
| reserve |
| £ |
| At 1 July 2018 |
| Property revaluation movement | 187,916 |
| At 30 June 2019 |
| 9. | RELATED PARTY DISCLOSURES |
| During the year the following transactions with the directors occurred: |
| DI Smith £632 costs incurred on behalf of the company. During the year a loan was made to DI Smith. The maximum |
| amount outstanding was £66,674 and was fully repaid during the year. Interest of 2.5% pa was charged on the loan. |
| Land was purchased from Mr and Mrs DI Smith in the year for £567,540 including costs. The price was considered to be at |
| open market value supported by a professional valuation. |
| BJ Smith £1,104 costs incurred on behalf of the company |
| 10. | ULTIMATE CONTROLLING PARTY |
| During the year the company was controlled by Mr DI Smith. |