The Manor Collection Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03074927 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2021

for

The Manor Collection Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G P Rogers

Mrs N J Rogers

REGISTERED OFFICE:

128 High Street

Crediton

Devon

EX17 3LQ

REGISTERED NUMBER:

03074927 (England and Wales)

ACCOUNTANTS:

Bedford & Co Ltd

128 High Street

Crediton

Devon

EX17 3LQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,715,039

1,809,879

1,715,039

1,809,879

CURRENT ASSETS

Stocks

2,100

2,300

Debtors

6

1,377,938

1,381,771

Cash at bank

2,209,131

1,750,269

3,589,169

3,134,340

CREDITORS

Amounts falling due within one year

7

188,886

198,091

NET CURRENT ASSETS

3,400,283

2,936,249

TOTAL ASSETS LESS CURRENT LIABILITIES

5,115,322

4,746,128

CREDITORS

Amounts falling due after more than one year

8

(206

)

(2,681

)

PROVISIONS FOR LIABILITIES

(41,709

)

(46,874

)

NET ASSETS

5,073,407

4,696,573

CAPITAL AND RESERVES

Called up share capital

2

2

Capital redemption reserve

99,998

99,998

Retained earnings

4,973,407

4,596,573

5,073,407

4,696,573

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

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.

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 and authorised for issue on 12 August 2022 and were signed on its behalf by:

G P Rogers - Director

Mrs N J Rogers - Director

1.	STATUTORY INFORMATION

The Manor Collection 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 company's places of business are Bascombe Court, Bascombe Road, Brixham, Devon, TQ5 0JS and Puddavine Court, Ashburton Road, Dartington, Totnes, Devon, TQ9 6EU.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1995, has been fully amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Land and buildings - in accordance with the property

Plant and machinery etc - 40% on reducing balance

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.

Stocks

Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell.

Cost is calculated on a first in first out basis.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 75 (2020 - 80 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2021

and 31 December 2021

1

AMORTISATION

At 1 January 2021

and 31 December 2021

1

NET BOOK VALUE

At 31 December 2021

-

At 31 December 2020

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2021

3,042,821

1,019,777

4,062,598

Additions

-

19,056

19,056

At 31 December 2021

3,042,821

1,038,833

4,081,654

DEPRECIATION

At 1 January 2021

1,327,806

924,913

2,252,719

Charge for year

68,329

45,567

113,896

At 31 December 2021

1,396,135

970,480

2,366,615

NET BOOK VALUE

At 31 December 2021

1,646,686

68,353

1,715,039

At 31 December 2020

1,715,015

94,864

1,809,879

Included within the above figures are assets under hire purchase agreements with a net book value of £5,162 (2020 - £8,604). The depreciation charged on these assets during the year was £3,442 (2020 - £5,736).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade debtors

55,239

49

Amounts owed by group undertakings

3,332

249,999

Other debtors

1,319,367

1,131,723

1,377,938

1,381,771

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Hire purchase contracts

2,475

2,475

Trade creditors

133,129

131,985

Taxation and social security

20,749

45,375

Other creditors

32,533

18,256

188,886

198,091

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.21

31.12.20

£

£

Hire purchase contracts

206

2,681

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.21

31.12.20

£

£

Hire purchase contracts

2,681

5,156

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2021 and 31 December 2020:

31.12.21

31.12.20

£

£

G P Rogers and Mrs N J Rogers

Balance outstanding at start of year

50,738

71,131

Amounts advanced

18,641

50,738

Amounts repaid

(50,738

)

(71,131

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

18,641

50,738

The amount of interest charged and paid on the loan to the directors is £421.