Manor Property Company (Burton) Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 01168458 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2016

for

Manor Property Company (Burton) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

P J Shipley

SECRETARY:

Mrs L A Shipley

REGISTERED OFFICE:

Treemount

Tatenhill

Burton on Trent

Staffordshire

DE13 9SD

REGISTERED NUMBER:

01168458 (England and Wales)

ACCOUNTANTS:

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

FIXED ASSETS

Tangible assets

5

391,887

224,987

CURRENT ASSETS

Stocks

210

210

Debtors

6

133,097

147,937

Cash at bank

15,746

26,957

149,053

175,104

CREDITORS

Amounts falling due within one year

7

(25,857

)

(31,962

)

NET CURRENT ASSETS

123,196

143,142

TOTAL ASSETS LESS CURRENT LIABILITIES

515,083

368,129

CREDITORS

Amounts falling due after more than one year

8

(323,153

)

(128,524

)

NET ASSETS

191,930

239,605

CAPITAL AND RESERVES

Called up share capital

10

16,611

16,611

Capital redemption reserve

11

16,611

16,611

Retained earnings

11

158,708

206,383

SHAREHOLDERS' FUNDS

191,930

239,605

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 28 June 2017 and were signed by:

P J Shipley - Director

1.	STATUTORY INFORMATION

Manor Property Company (Burton) 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.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost and 15% on reducing balance

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 year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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 year 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2016

326,941

18,688

345,629

Additions

163,005

11,147

174,152

At 31 December 2016

489,946

29,835

519,781

DEPRECIATION

At 1 January 2016

105,047

15,595

120,642

Charge for year

6,787

465

7,252

At 31 December 2016

111,834

16,060

127,894

NET BOOK VALUE

At 31 December 2016

378,112

13,775

391,887

At 31 December 2015

221,894

3,093

224,987

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

-

751

Other debtors

133,097

147,186

133,097

147,937

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

16,084

15,000

Trade creditors

-

199

Taxation and social security

374

6,146

Other creditors

9,399

10,617

25,857

31,962

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Bank loans

323,153

128,524

9.	SECURED DEBTS

The following secured debts are included within creditors:

2016

2015

£

£

Bank loans

339,237

143,524

Contains a fixed and floating charge in favour of Svenska Handelsbanken dated 24 October 2016 over all the

property or undertakings of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

16,611

Ordinary

£1

16,611

16,611

11.	CONSOLIDATION RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 January 2016

206,383

16,611

222,994

Profit for the year

2,325

2,325

Dividends

(50,000

)

(50,000

)

At 31 December 2016

158,708

16,611

175,319

12.	RELATED PARTY DISCLOSURES

PJS Classic & Race Cars Limited

Associated Company

P J Shipley is the controlling director of PJS Classic & Race Cars Limited.

The following loan is included within other debtors:

2016

2015

£

£

Amount due from related party at the balance sheet date

99,662

147,186

P J Shipley

A director of the company

The following loan was made to Manor Property Company (Burton) Limited and is included within other

creditors:

2016

2015

£

£

Amount due to related party at the balance sheet date

24

648

13.	FIRST YEAR ADOPTION

These financial statements are the first to comply with FRS 102 Section 1A "Small Entities". The date of

transition is 1 January 2015.

The transition has resulted in a small number of changes in accounting policies to those used previously. The

changes have not impacted on opening equity or profit for the comparative period.

The following reproduces the text of the report prepared for the director and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

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 Property Company (Burton) Limited for the year ended 31 December 2016 which

comprise the Profit and Loss Account, 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 director of Manor Property Company (Burton) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Manor Property Company (Burton) Limited and state those matters that we have agreed to state to the director of Manor Property Company (Burton) Limited 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 Property Company (Burton) Limited director for our work or for this report.

It is your duty to ensure that Manor Property Company (Burton) 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 profit of Manor Property Company (Burton) Limited. You consider that Manor Property Company (Burton) 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 Property Company (Burton) 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.

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

28 June 2017