Manor Properties (Bristol) Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05940144 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Manor Properties (Bristol) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Rutherwood

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

4

356,042

356,292

CURRENT ASSETS

Debtors

5

67,500

60,000

Cash at bank

266,885

133,904

334,385

193,904

CREDITORS

Amounts falling due within one year

6

37,836

18,841

NET CURRENT ASSETS

296,549

175,063

TOTAL ASSETS LESS CURRENT LIABILITIES

652,591

531,355

CREDITORS

Amounts falling due after more than one year

7

295,375

295,375

NET ASSETS

357,216

235,980

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9

357,116

235,880

SHAREHOLDERS' FUNDS

357,216

235,980

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 Income Statement has not been delivered.

The financial statements were approved by the director on 12 December 2017 and were signed by:

A Rutherwood - Director

1.	STATUTORY INFORMATION

Manor Properties (Bristol) Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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.

Freehold property

-

not provided

Fixtures and fittings

-

15% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2016

and 31 March 2017

354,838

2,452

309

357,599

DEPRECIATION

At 1 April 2016

-

1,171

136

1,307

Charge for year

-

193

57

250

At 31 March 2017

-

1,364

193

1,557

NET BOOK VALUE

At 31 March 2017

354,838

1,088

116

356,042

At 31 March 2016

354,838

1,281

173

356,292

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.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other debtors

67,500

60,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Taxation and social security

36,497

15,796

Other creditors

1,339

3,045

37,836

18,841

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Other creditors

295,375

295,375

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Mortgage

295,375

295,375

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.17

31.3.16

£

£

Mortgages

295,375

295,375

The mortgages are secured against the freehold properties owned by the company.

9.

RESERVES

Retained

earnings

£

At 1 April 2016

235,880

Profit for the year

151,236

Dividends

(30,000

)

At 31 March 2017

357,116

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2016 - £25,000) were paid to the director .

The company leases property from the director at market rates. The total so payable for the year was £105,300.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Rutherwood.