Manor Properties (Bristol) Ltd - Limited company - abbreviated

REGISTERED NUMBER: 05940144 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

Manor Properties (Bristol) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A Rutherwood

SECRETARY:

Ms L J Dady

REGISTERED OFFICE:

Glebe House

Harford Square, Chew Magna

Bristol

B&NES

BS40 8RA

REGISTERED NUMBER:

05940144 (England and Wales)

ACCOUNTANTS:

Underwood Lamb Professional Services Ltd

Glebe House

Harford Square

Chew Magna

Bristol

B&NES

BS40 8RA

FIXED ASSETS

Tangible assets

2

356,611

356,924

CURRENT ASSETS

Debtors

99,439

75,016

Cash at bank

27,693

30,216

127,132

105,232

CREDITORS

Amounts falling due within one year

3

24,370

28,340

NET CURRENT ASSETS

102,762

76,892

TOTAL ASSETS LESS CURRENT
LIABILITIES

459,373

433,816

CREDITORS

Amounts falling due after more than one
year

3

295,375

NET ASSETS

163,998

138,441

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

163,898

138,341

SHAREHOLDERS' FUNDS

163,998

138,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 19 November 2014 and were signed by:

A Rutherwood - 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).

Tangible fixed assets

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

Freehold property

-

not provided

Fixtures and fittings

-

15% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

357,290

DEPRECIATION

At 1 April 2013

366

Charge for year

313

At 31 March 2014

679

NET BOOK VALUE

At 31 March 2014

356,611

At 31 March 2013

356,924

The freehold properties owned by the company are considered to be investment properties. The director is of the

opinion that due to the volatility of the property markets the most appropriate method of valuation for the

properties is to use the original cost values as shown in the accounts.

3.

CREDITORS

Creditors include an amount of £ 295,375 (31.3.13 - £ 295,375 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.3.14

31.3.13

£

Repayable otherwise than by instalments

295,375

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

100

Ordinary

£1

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2014 and

31 March 2013:

31.3.14

31.3.13

£

A Rutherwood

Balance outstanding at start of year

50,015

49,686

Amounts advanced

40,000

50,015

Amounts repaid

(50,576

)

(49,686

)

Balance outstanding at end of year

39,439

50,015

The loan to the director was repaid shortly after the end of the financial year. Interest was charged at 4% pa.

Manor Properties (Bristol) Ltd - Limited company - abbreviated - 11.6

Manor Properties (Bristol) Ltd - Limited company - abbreviated - 11.6