Manor Farms (Little Milton) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02803790 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

MANOR FARMS (LITTLE MILTON) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G W Latham

T R Mortlock

SECRETARY:

REGISTERED OFFICE:

Hedge House

Hangersley House

Ringwood

Hampshire

BH24 3JW

REGISTERED NUMBER:

02803790 (England and Wales)

ACCOUNTANTS:

Graham Latham Limited

Hedge House

Hangersley Hill

Ringwood

Hampshire

BH24 3JW

FIXED ASSETS

Investment property

4

3,800,000

CURRENT ASSETS

Debtors

5

2,051,727

2,039,725

Cash at bank

58,985

107,186

2,110,712

2,146,911

CREDITORS

Amounts falling due within one year

6

383,223

345,910

NET CURRENT ASSETS

1,727,489

1,801,001

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,527,489

5,601,001

PROVISIONS FOR LIABILITIES

624,000

NET ASSETS

4,903,489

4,977,001

CAPITAL AND RESERVES

Called up share capital

1,142,799

Revaluation reserve

7

2,266,220

Retained earnings

1,494,470

1,567,982

SHAREHOLDERS' FUNDS

4,903,489

4,977,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 29 July 2022 and were signed on its behalf by:

G W Latham - Director

1.	STATUTORY INFORMATION

Manor Farms (Little Milton) 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rents receivable.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2021

and 31 March 2022

3,800,000

NET BOOK VALUE

At 31 March 2022

3,800,000

At 31 March 2021

3,800,000

Fair value at 31 March 2022 is represented by:

£

Valuation in 2012

2,940,000

Valuation in 2019

860,000

3,800,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.3.22

31.3.21

£

Cost

673,780

The investment property was valued on an open market value basis on 1 January 2017 by Savills .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

Trade debtors

68,000

56,000

Amounts owed by group undertakings

1,898,725

Other debtors

85,002

85,000

2,051,727

2,039,725

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

Taxation and social security

8,456

8,897

Other creditors

374,767

337,013

383,223

345,910

7.

RESERVES

Revaluation

reserve

£

At 1 April 2021

and 31 March 2022

2,266,220

Manor Farms (Little Milton) Limited - Accounts to registrar (filleted) - small 18.2

Manor Farms (Little Milton) Limited - Accounts to registrar (filleted) - small 18.2