Abbreviated Company Accounts - MANAQUEL COMPANY LIMITED

MANAQUEL COMPANY LIMITED - Company Information

00548860 MANAQUEL COMPANY LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 00548860 2013-04-01 2014-03-31 00548860 2014-03-31 00548860 2013-03-31 00548860 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 00548860 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 uk-gaap-cd-bus:PreferenceShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:PreferenceShareClass1 2014-03-31 uk-gaap-cd-bus:PreferenceShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 00548860

MANAQUEL COMPANY LIMITED

Abbreviated Accounts

31 March 2014

MANAQUEL COMPANY LIMITED Registered Number 00548860

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	12,200,358	2,119,862
Investments	3	433	433
		12,200,791	2,120,295
Current assets
Debtors		2,079,434	1,770,214
Cash at bank and in hand		73,856	38,294
		2,153,290	1,808,508
Creditors: amounts falling due within one year		(6,406,404)	(5,862,581)
Net current assets (liabilities)		(4,253,114)	(4,054,073)
Total assets less current liabilities		7,947,677	(1,933,778)
Total net assets (liabilities)		7,947,677	(1,933,778)
Capital and reserves
Called up share capital	4	200	200
Other reserves		10,787,684	707,148
Profit and loss account		(2,840,207)	(2,641,126)
Shareholders' funds		7,947,677	(1,933,778)

For the year ending 31 March 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 March 2015

And signed on their behalf by:
DWORA FELDMAN, Director

MANAQUEL COMPANY LIMITED Registered Number 00548860

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover of the company is derived solely from rental income.

Tangible assets depreciation policy
Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 25% on the reducing balance
Fixtures & Fittings - 10% on the reducing balance

Other accounting policies
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Tangible fixed assets

	£
Cost
At 1 April 2013	2,147,742
Additions	1,000
Disposals	(1,000)
Revaluations	10,080,536
Transfers	-
At 31 March 2014	12,228,278
Depreciation
At 1 April 2013	27,880
Charge for the year	40
On disposals	-
At 31 March 2014	27,920
Net book values
At 31 March 2014	12,200,358
At 31 March 2013	2,119,862

Fixed assets

All fixed assets are initially recorded at cost.

3Fixed assets Investments
The investment is shares in UK company

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
20 Ordinary shares of £20 each	400	400
5 6% Preference Shares shares of £20 each	100	100