The Manor By The Lake Cheltenham Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08373622 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

The Manor By The Lake Cheltenham Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

M Chittenden

T Madge

SECRETARY:

M Chittenden

REGISTERED OFFICE:

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

REGISTERED NUMBER:

08373622 (England and Wales)

ACCOUNTANTS:

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

The following reproduces the text of the report prepared for the directors 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 Directors 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 The Manor By The Lake Cheltenham Ltd for the year ended 31 December 2017 which comprise

the Income Statement, 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 The Manor By The Lake Cheltenham Ltd, as a body, in accordance with the terms of our engagement letter dated 18 September 2017. Our work has been undertaken solely to prepare for your approval the financial statements of The Manor By The Lake Cheltenham Ltd and state those matters that we have agreed to state to the Board of Directors of The Manor By The Lake Cheltenham Ltd, 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 The Manor By The Lake Cheltenham Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Manor By The Lake Cheltenham Ltd 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 The Manor By The Lake Cheltenham Ltd. You consider that The Manor By The Lake Cheltenham Ltd 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 The Manor By The Lake Cheltenham Ltd. 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.

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

8 June 2018

FIXED ASSETS

Tangible assets

4

1,156,498

1,349,808

CURRENT ASSETS

Stocks

14,875

15,926

Debtors

5

569,293

219,456

Cash at bank and in hand

46,413

25,547

630,581

260,929

CREDITORS

Amounts falling due within one year

6

1,289,293

1,392,912

NET CURRENT LIABILITIES

(658,712

)

(1,131,983

)

TOTAL ASSETS LESS CURRENT LIABILITIES

497,786

217,825

CREDITORS

Amounts falling due after more than one year

7

(83,046

)

(58,288

)

PROVISIONS FOR LIABILITIES

(98,269

)

(78,503

)

NET ASSETS

316,471

81,034

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

315,471

80,034

SHAREHOLDERS' FUNDS

316,471

81,034

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

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

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 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 Board of Directors on 7 June 2018 and were signed on its behalf by:

M Chittenden - Director

T Madge - Director

1.	STATUTORY INFORMATION

The Manor By The Lake Cheltenham 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

Compliance with accounting standards

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

10% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 64 (2016 - 40 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 January 2017

235,634

194,665

1,464,214

Additions

-

7,788

16,385

At 31 December 2017

235,634

202,453

1,480,599

DEPRECIATION

At 1 January 2017

64,922

107,944

401,001

Charge for year

23,563

49,868

148,044

At 31 December 2017

88,485

157,812

549,045

NET BOOK VALUE

At 31 December 2017

147,149

44,641

931,554

At 31 December 2016

170,712

86,721

1,063,213

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2017

36,554

20,134

1,951,201

Additions

-

20,339

44,512

At 31 December 2017

36,554

40,473

1,995,713

DEPRECIATION

At 1 January 2017

13,759

13,767

601,393

Charge for year

9,139

7,208

237,822

At 31 December 2017

22,898

20,975

839,215

NET BOOK VALUE

At 31 December 2017

13,656

19,498

1,156,498

At 31 December 2016

22,795

6,367

1,349,808

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2017

and 31 December 2017

82,692

24,758

107,450

DEPRECIATION

At 1 January 2017

41,346

6,190

47,536

Charge for year

20,673

-

20,673

At 31 December 2017

62,019

6,190

68,209

NET BOOK VALUE

At 31 December 2017

20,673

18,568

39,241

At 31 December 2016

41,346

18,568

59,914

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

102,232

48,601

Amounts owed by group undertakings

137,887

120,000

Other debtors

283,663

43,440

Prepayments and accrued income

45,511

7,415

569,293

219,456

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

20,218

69,494

Trade creditors

75,352

155,150

Sale Ledger Credit Balances

19,914

42,842

Amounts owed to group undertakings

410,044

168,344

Tax

29,356

-

PAYE Control

17,629

17,347

Pensions Control

1,657

-

VAT

106,303

109,944

Income in advance - wedding,

non-wedding and deposits

568,363

576,369

Other creditors

8,387

-

Directors' current accounts

15,011

200,215

Accruals

17,059

53,207

1,289,293

1,392,912

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

29,059

-

Income in advance - wedding, non-wedding and deposits

53,987

58,288

83,046

58,288

8.	SECURED DEBTS

Barclays Bank Plc hold a debenture dated 9 January 2015 over the company and the group's assets.

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

During the reporting period, the company paid rent of £105,600 (2016: £109,800) to the directors, for the

building from which the company operates.

Mr Chittenden and Ms Madge have personally guaranteed the amounts due on the hire purchase contracts.

10.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Heritage Rocks Ltd (formerly MT & TM Holdings Ltd), which is

jointly owned by the directors.