Manor Projects Limited - Abbreviated accounts 16.3
Manor Projects Limited - Abbreviated accounts 16.3
REGISTERED NUMBER: |
Manor Projects Limited |
Abbreviated Unaudited Accounts |
for the Year Ended 31 October 2016 |
Manor Projects Limited (Registered number: 02287927) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 October 2016 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Abbreviated Balance Sheet | 3 |
Notes to the Abbreviated Accounts | 4 |
Manor Projects Limited |
Company Information |
for the Year Ended 31 October 2016 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
trading as The Hutchinson Partnership |
Chartered Accountants |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Manor Projects Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to five) |
have been prepared. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Manor Projects Limited for the year ended 31 October 2016 which comprise the Profit and Loss |
Account, the Balance Sheet and the related notes from the company's accounting records and from information and |
explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of Manor Projects Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Manor Projects Limited and state those matters that we have agreed to state to the Board of Directors of Manor Projects Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Manor Projects Limited Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Manor Projects Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Manor Projects Limited. You consider that Manor Projects Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Manor Projects Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
trading as The Hutchinson Partnership |
Chartered Accountants |
31 July 2017 |
Manor Projects Limited (Registered number: 02287927) |
Abbreviated Balance Sheet |
31 October 2016 |
2016 | 2015 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 were approved for issue by the Board of Directors on behalf by: |
Manor Projects Limited (Registered number: 02287927) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 October 2016 |
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 January 2015). |
Preparation of consolidated financial statements |
The financial statements contain information about Manor Projects Limited as an individual company and do not |
contain consolidated financial information as the parent of a group. The company has taken the option under |
Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
Going concern |
The financial statements are prepared on the going concern basis, the validity of which depends on the continued |
support of the company's director, as more fully explained in the notes to the accounts. |
Investments in subsidiary |
The investment in the subsidiary is valued at cost less a provision to reduce the carrying value to the net assets of |
the subsidiary. |
2. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 November 2015 |
and 31 October 2016 | 125,100 |
PROVISIONS |
At 1 November 2015 |
and 31 October 2016 | 125,100 |
NET BOOK VALUE |
At 31 October 2016 |
At 31 October 2015 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Nature of business: |
% |
Class of shares: | holding |
Ordinary | 100.00 |
10% preference | 100.00 |
Manor Projects Limited (Registered number: 02287927) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 October 2016 |
3. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
Ordinary | £1 |
10% preference | £1 |
1,000,200 | 1,000,200 |
4. | GOING CONCERN |
The directors are aware of the deficiency of assets to liabilities of £712,265 as presented on the balance sheet. |
Liabilities include a loan due to a director of £713,741 at the year end. He has indicated that he will not seek |
repayment of this debt to the extent that it would be detrimental to other creditors of the company. Accordingly, |
the directors are satisfied that the company can continue as a going concern. |