Manor Homes (Yorkshire) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01840477 (England and Wales)

MANOR HOMES (YORKSHIRE) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JULY 2020 TO 31 JANUARY 2021

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

P J Pearson

Ms M T Cheriton-Metcalfe

SECRETARY:

J L Flintham

REGISTERED OFFICE:

The Old Coach House

Gainsborough Road

Drinsey Nook

Lincoln

Lincolnshire

LN1 2JJ

REGISTERED NUMBER:

01840477 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Tangible assets

4

5,812

9,073

CURRENT ASSETS

Stocks

516,571

1,645,498

Debtors

5

2,254,614

2,563,474

Cash at bank and in hand

2,893

48,719

2,774,078

4,257,691

CREDITORS

Amounts falling due within one year

6

5,398,062

5,449,059

NET CURRENT LIABILITIES

(2,623,984

)

(1,191,368

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,618,172

)

(1,182,295

)

PROVISIONS FOR LIABILITIES

1,104

-

NET LIABILITIES

(2,619,276

)

(1,182,295

)

CAPITAL AND RESERVES

Called up share capital

7

200,891

200,891

Retained earnings

(2,820,167

)

(1,383,186

)

SHAREHOLDERS' FUNDS

(2,619,276

)

(1,182,295

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 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 7 September 2021 and were signed on its behalf by:

P J Pearson - Director

1.	STATUTORY INFORMATION

Manor Homes (Yorkshire) 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 presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period 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 statement of financial position date.

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.

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 period 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 income statement in the period to which they relate.

Going concern

Whilst the statement of financial position continues to show an overall deficit, the directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. The largest creditor balance is due to United Health Ltd, the previous parent company and the directors have received confirmation of continued financial support from United Health Limited and it's new parent Manor Homes Property Company Limited. For these reasons, the directors consider that it is appropriate to prepare the accounts on the going concern basis.

Following the impact of COVID-19, the financial statements have been prepared on a going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2020 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2020

and 31 January 2021

44,423

DEPRECIATION

At 1 July 2020

35,350

Charge for period

3,261

At 31 January 2021

38,611

NET BOOK VALUE

At 31 January 2021

5,812

At 30 June 2020

9,073

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Amounts owed by group undertakings

2,254,614

2,295,620

Other debtors

-

267,854

2,254,614

2,563,474

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

45,577

65,799

Taxation and social security

12,882

7,625

Other creditors

5,339,603

5,375,635

5,398,062

5,449,059

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

20,089,120

Ordinary

£0.01

200,891

200,891

8.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. Contributors payable to the company pension scheme are charged to the income statement in the period they related. Contributions outstanding at the year end total £334 (2020: £776)

9.	CONTINGENCIES

The company is a party to a composite cross guarantee given to the HSBC Bank Plc between United Health Limited, Manor Homes (Yorkshire) Limited, United Health Group Limited, Barford Children's Services Limited, Creative Care & Therapy Limited, United Children's Services Limited (formerly United Health (Medicare) Limited, United Health Group 2 Limited, United Education Services Limited and Manor Homes Property Company Limited.

The company was unsuccessful in defending a housing case in the period and is expected to be liable to make a settlement payment. The exact settlement amount is still being negoiated, therefore no reliable estimate can be made.

10.	ULTIMATE CONTROLLING PARTY