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 2021 |
| FOR |
| MANXGUARD LIMITED |
| MANXGUARD LIMITED (REGISTERED NUMBER: 01491793) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2021 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| MANXGUARD LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 JUNE 2021 |
| 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 2021 |
| 30/6/21 | 30/6/20 |
| 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 ASSETS/(LIABILITIES) | ( |
) |
| 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 2021 |
| 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 |
| MANXGUARD LIMITED (REGISTERED NUMBER: 01491793) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2021 |
| 1. | STATUTORY INFORMATION |
| Manxguard Limited is a |
| 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 2021 |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 July 2020 |
| Additions |
| Disposals | ( |
) |
| At 30 June 2021 |
| DEPRECIATION |
| At 1 July 2020 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 June 2021 |
| NET BOOK VALUE |
| At 30 June 2021 |
| At 30 June 2020 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 July 2020 |
| Additions |
| Disposals | ( |
) |
| Revaluations | 374,457 |
| At 30 June 2021 |
| NET BOOK VALUE |
| At 30 June 2021 |
| At 30 June 2020 |
| Investment properties have an original cost of £2,828,247 (2019: £3,062,153) |
| 6. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30/6/21 | 30/6/20 |
| £ | £ |
| 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 |
| 30/6/21 | 30/6/20 |
| £ | £ |
| Deferred tax | 119,608 | 216,740 |
| MANXGUARD LIMITED (REGISTERED NUMBER: 01491793) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2021 |
| 7. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Balance at 1 July 2020 |
| Utilised during year | ( |
) |
| Balance at 30 June 2021 |
| 8. | RESERVES |
| Other |
| reserve |
| £ |
| At 1 July 2020 |
| Property revaluation movement | 545,082 |
| Deferred tax | (71,147 | ) |
| At 30 June 2021 |
| 9. | RELATED PARTY DISCLOSURES |
| During the year the following transactions with the directors occurred: |
| Within the trade debtors an amount of £38,267 was owed by the director D Smith. This will be repaid before 31 March 2022. |
| The value of all transactions with D Smith in year was at open market value |
| 10. | ULTIMATE CONTROLLING PARTY |
| During the year the company was controlled by Mr DI Smith. |