Manor Farm Thoresway Ltd Filleted accounts for Companies House (small and micro)

MANOR FARM THORESWAY LTD - Company Information

0 false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2021 - FRS102_2021 1,464,714 1,464,714 1,464,714 xbrli:pure xbrli:shares iso4217:GBP 12485020 2022-07-01 2023-06-30 12485020 2023-06-30 12485020 2022-06-30 12485020 bus:Director1 2022-07-01 2023-06-30 12485020 bus:Director2 2022-07-01 2023-06-30 12485020 core:WithinOneYear 2023-06-30 12485020 core:WithinOneYear 2022-06-30 12485020 core:ShareCapital 2023-06-30 12485020 core:ShareCapital 2022-06-30 12485020 core:RetainedEarningsAccumulatedLosses 2023-06-30 12485020 core:RetainedEarningsAccumulatedLosses 2022-06-30 12485020 core:CostValuation core:Non-currentFinancialInstruments 2023-06-30 12485020 core:Non-currentFinancialInstruments 2023-06-30 12485020 core:Non-currentFinancialInstruments 2022-06-30 12485020 bus:SmallEntities 2022-07-01 2023-06-30 12485020 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 12485020 bus:FullAccounts 2022-07-01 2023-06-30 12485020 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 12485020 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30

COMPANY REGISTRATION NUMBER: 12485020

Manor Farm Thoresway Ltd

Filleted Unaudited Financial Statements

For the year ended

30 June 2023

Manor Farm Thoresway Ltd

Statement of Financial Position

30 June 2023

	2023	2022
Note	£	£

Fixed assets

Investments	4	1,464,714	1,464,714

Current assets

Debtors	5	–	60,000
Cash at bank and in hand		99	6,009
		----	---------
		99	66,009

Creditors: amounts falling due within one year	6	871,290	1,437,860
		----------	-------------
Net current liabilities		871,191	1,371,851
		-------------	-------------
Total assets less current liabilities		593,523	92,863
		----------	---------
Net assets		593,523	92,863
		----------	---------

Capital and reserves

Called up share capital	300	300
Profit and loss account	593,223	92,563
	----------	---------
Shareholders funds	593,523	92,863
	----------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 13 March 2024 , and are signed on behalf of the board by:

D J L Nelstrop	Mrs C J Nelstrop
Director	Director

Company registration number: 12485020

Manor Farm Thoresway Ltd

Notes to the Financial Statements

Year ended 30 June 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Granary Barn, Lissingley Lane, Lissington, Lincoln, LN3 5AG.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Investments

	Shares in group undertakings
	£
Cost
At 1 July 2022 and 30 June 2023	1,464,714
	-------------
Impairment
At 1 July 2022 and 30 June 2023	–
	-------------

Carrying amount
At 30 June 2023	1,464,714
	-------------
At 30 June 2022	1,464,714
	-------------

5. Debtors

	2023	2022
	£	£
Other debtors	–	60,000
	----	---------

6. Creditors: amounts falling due within one year

	2023	2022
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	1,433,200
Other creditors	871,290	4,660
	----------	-------------
	871,290	1,437,860
	----------	-------------