Manor Properties (Bristol) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05940144 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

Manor Properties (Bristol) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A Rutherwood

SECRETARY:

Ms L J Dady

REGISTERED OFFICE:

Glebe House

Harford Square, Chew Magna

Bristol

B&NES

BS40 8RA

REGISTERED NUMBER:

05940144 (England and Wales)

ACCOUNTANTS:

Underwood Lamb Professional Services Ltd

Glebe House

Harford Square

Chew Magna

Bristol

B&NES

BS40 8RA

FIXED ASSETS

Tangible assets

2

356,603

356,611

CURRENT ASSETS

Debtors

60,000

99,439

Cash at bank

98,627

27,693

158,627

127,132

CREDITORS

Amounts falling due within one year

3

28,448

24,370

NET CURRENT ASSETS

130,179

102,762

TOTAL ASSETS LESS CURRENT LIABILITIES

486,782

459,373

CREDITORS

Amounts falling due after more than one year

3

295,375

295,375

NET ASSETS

191,407

163,998

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

191,307

163,898

SHAREHOLDERS' FUNDS

191,407

163,998

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 20 August 2015 and were signed by:

A Rutherwood - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Tangible fixed assets

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

Freehold property

-

not provided

Fixtures and fittings

-

15% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

357,290

Additions

309

At 31 March 2015

357,599

DEPRECIATION

At 1 April 2014

679

Charge for year

317

At 31 March 2015

996

NET BOOK VALUE

At 31 March 2015

356,603

At 31 March 2014

356,611

The freehold properties owned by the company are considered to be investment properties. The director is of the

opinion that due to the volatility of the property markets the most appropriate method of valuation for the

properties is to use the original cost values as shown in the accounts.

3.

CREDITORS

Creditors include an amount of £ 295,375 (31.3.14 - £ 295,375 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.3.15

31.3.14

£

£

Repayable otherwise than by instalments

295,375

295,375

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

£1

100

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2015 and

31 March 2014:

31.3.15

31.3.14

£

£

A Rutherwood

Balance outstanding at start of year

39,439

50,015

Amounts advanced

-

40,000

Amounts repaid

(39,439

)

(50,576

)

Balance outstanding at end of year

-

39,439

The to the director was repaid during the year. Interest was charged at 4% pa.