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MANORCROFT ESTATES LIMITED - Company Information

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MANORCROFT ESTATES LIMITED

Registered Number:07384589

For the year ended 30 September 2020

England and Wales

Unaudited Financial Statements

For the year ended 30 September 2020

MANORCROFT ESTATES LIMITED

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

07384589

As at 30 September 2020

MANORCROFT ESTATES LIMITED

Statement of Financial Position

2019

2020

Notes

Fixed assets

Property, plant and equipment

250,670

Current assets

Trade and other receivables

22,010

Cash and cash equivalents

14,000

14,001

22,011

Trade and other payables: amounts falling due within one

year

(20,099)

(263,154)

1,912

(249,153)

Net current liabilities

Total assets less current liabilities

1,517

1,912

1,517

Net assets

1,912

Capital and reserves

Called up share capital

Retained earnings

1,516

1,911

1,517

1,912

Shareholders' funds

For the year ended 30 September 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Mr KEITH JOHN SMITH Director

These financial statements were approved and authorised for issue by the Board on 25 June 2021 and were signed by:

The notes form part of these financial statements

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For the year ended 30 September 2020

MANORCROFT ESTATES LIMITED

Notes to the Financial Statements

Statutory Information

MANORCROFT ESTATES LIMITED is a private limited company, limited by shares, domiciled in England and Wales,

registration number 07384589.

Principal place of business:

The Old Rectory

Beck Lane

Shearsby

Lutterworth

LE17 6PN

Registered address:

West Walk House

99 Princess Road East

Leicester

Leicestershire

LE1 7LF

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

33.33% per annum on cost

Computer equipment

25% Straight line

Fixtures and fittings

Investment property

Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January, 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this might otherwise have been charged cannot be separately identified or quantified.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

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For the year ended 30 September 2020

MANORCROFT ESTATES LIMITED

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Computer

equipment

Land and

buildings

Cost or

valuation

At 01 October 2019

2,400

250,670

Additions

At 30 September 2020

250,670

2,400

253,070

Provision for depreciation and impairment

At 01 October 2019

2,400

At 30 September 2020

2,400

At 30 September 2020

Net book value

250,670

At 30 September 2019

3. Trade and other receivables

2019

2020

Other debtors

4. Trade and other payables: amounts falling due within one year

2019

2020

Trade creditors

1,141

1,143

Taxation and social security

104

Accruals and deferred income

1,030

847

Directors' loan accounts

260,971

18,005

263,154

20,099

5. Related party transactions

The Ultimate Controlling Party is Mr. K. J. Smith, a director of the company.

6. Average number of persons employed

During the year the average number of employees was 2 (2019 : 2)

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