Manchester Estates Ltd - Limited company accounts 11.9

REGISTERED NUMBER: 07202885 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 30 March 2015

for

Manchester Estates Ltd

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

J Grunfeld

SECRETARY:

Y Bokor

REGISTERED OFFICE:

29 Wellington Street East

Salford

Lancashire

M7 4DN

REGISTERED NUMBER:

07202885 (England and Wales)

ACCOUNTANTS:

1040 Tax LLP

Fairways House

George Street

Prestwich

Manchester

Lancashire

M25 9WS

The director presents his report with the financial statements of the company for the year ended 30 March 2015.

DIRECTOR

J Grunfeld held office during the whole of the period from 31 March 2014 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the

Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Y Bokor - Secretary

16 February 2016

TURNOVER

3,900

8,700

Cost of sales

-

558

GROSS PROFIT

3,900

8,142

Administrative expenses

845

3,378

OPERATING PROFIT

2

3,055

4,764

Interest payable and similar charges

6,220

3,392

(LOSS)/PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

(3,165

)

1,372

Tax on (loss)/profit on ordinary activities

3

-

-

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(3,165

)

1,372

FIXED ASSETS

Tangible assets

4

65,640

65,640

CURRENT ASSETS

Debtors

5

800

950

Cash at bank and in hand

910

727

1,710

1,677

CREDITORS

Amounts falling due within one year

6

3,556

3,027

NET CURRENT LIABILITIES

(1,846

)

(1,350

)

TOTAL ASSETS LESS CURRENT LIABILITIES

63,794

64,290

CREDITORS

Amounts falling due after more than one year

7

66,987

64,318

NET LIABILITIES

(3,193

)

(28

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Profit and loss account

9

(3,194

)

(29

)

SHAREHOLDERS' FUNDS

(3,193

)

(28

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 16 February 2016 and were signed by:

J Grunfeld - 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).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

33% 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.

2.	OPERATING PROFIT

The operating profit is stated after charging:

Period

1.4.13

Year Ended

to

30.3.15

30.3.14

£

£

Director's remuneration and other benefits etc

-

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended

30 March 2015 nor for the period ended 30 March 2014.

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 31 March 2014

and 30 March 2015

65,640

1,631

67,271

DEPRECIATION

At 31 March 2014

and 30 March 2015

-

1,631

1,631

NET BOOK VALUE

At 30 March 2015

65,640

-

65,640

At 30 March 2014

65,640

-

65,640

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.15

30.3.14

£

£

Trade debtors

606

950

Other debtors

194

-

800

950

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.15

30.3.14

£

£

Other creditors

3,556

3,027

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.3.15

30.3.14

£

£

Bank loans

53,201

52,536

Other creditors

13,786

11,782

66,987

64,318

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

53,201

52,536

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.3.15

30.3.14

value:

£

£

1

Ordinary

£1

1

1

9.

RESERVES

Profit

and loss

account

£

At 31 March 2014

(29

)

Deficit for the year

(3,165

)

At 30 March 2015

(3,194

)