Manderley (IW) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09019873 (England and Wales)

MANDERLEY (IW) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2017

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Ms S L De Winter

REGISTERED OFFICE:

21 Lodge Lane

Grays

Essex

RM17 5RY

REGISTERED NUMBER:

09019873 (England and Wales)

ACCOUNTANTS:

Bland Baker

Chartered Accountants

21 Lodge Lane

Grays

Essex

RM17 5RY

FIXED ASSETS

Tangible assets

3

247,217

291,003

CURRENT ASSETS

Debtors

4

2,936

3,707

Cash at bank

1,880

8,647

4,816

12,354

CREDITORS

Amounts falling due within one year

5

326,687

327,071

NET CURRENT LIABILITIES

(321,871

)

(314,717

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(74,654

)

(23,714

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(74,655

)

(23,715

)

SHAREHOLDERS' FUNDS

(74,654

)

(23,714

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 16 January 2018 and were signed by:

Ms S L De Winter - Director

1.	STATUTORY INFORMATION

Manderley (IW) 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.	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.

The financial statements have been prepared on a going concern basis as the director has undertaken

to provide continuing financial support to enable the company to meet its liabilities as they fall due.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

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 statement of financial position date.

Deferred tax

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

the statement of financial position 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.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2016

and 31 May 2017

302,424

DEPRECIATION

At 1 June 2016

11,421

Charge for year

43,786

At 31 May 2017

55,207

NET BOOK VALUE

At 31 May 2017

247,217

At 31 May 2016

291,003

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

2,936

3,707

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other creditors

326,687

327,071

6.	RELATED PARTY DISCLOSURES

Controlling party

The company is controlled by the director who holds the only ordinary share inissue.

Balances with related parties

At the 31 May 2017 the company owed the director, Ms S. De Winter £10,656 (2016 - £11,050).

At the 31 May 2017 the company owed Emerson Willis Limited, a company in which Ms S. De

Winter is the company secretary, £315,000 (2016 - £315,000)

The above loans were unsecured, interest free and repayable on demand.