MANOR_ESTATES_LIMITED - Accounts

MANOR ESTATES LIMITED - Company Information

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Company Registration No. 03621967 (England and Wales)

MANOR ESTATES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2016

MANOR ESTATES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

MANOR ESTATES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

326,474

Current assets

Debtors

30,373

34,757

Cash at bank and in hand

42,472

48,280

72,845

83,037

Creditors: amounts falling due within one year

(47,870)

(78,275)

Net current assets

24,975

4,762

Total assets less current liabilities

351,449

331,236

Capital and reserves

Called up share capital

100

Profit and loss account

351,349

331,136

Shareholders' funds

351,449

331,236

For the financial year ended 31 August 2016 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 have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective January 2015).

Approved by the Board for issue on 8 May 2017

Mr A C Causton

Director

Company Registration No. 03621967

MANOR ESTATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

Statement of Standard Accounting Practice No. 19 requires the investment properties should be included in the balance sheet at open market value. However in the opinion of the directors, the cost of obtaining a current market valuation cannot be justified at this time and the company's properties have been shown at cost. In addition the directors consider that the market value of the properties is not significantly different from the value shown in the financial statements.

In accordance with the Statement of Standard Accounting Practice No. 19 no depreciation has been provided on the investment properties. The directors consider this policy, which is a departure from the requirements of the Companies Act 2006, as more appropriate. It is not possible to quantify the depreciation which would otherwise have been charged.
In all other respects these financial statements have been properly prepared in accordance with accounting standards.

1.3

Turnover

Turnover represents amounts receivable for rent and services.

1.4

Tangible fixed assets and depreciation

Investment properties are included in the balance sheet at cost. Depreciation is not provided on freehold investment properties.

Fixed assets

Tangible assets

Cost

At 1 September 2015 & at 31 August 2016

326,474

At 31 August 2015

326,474

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100