Manor Homes (Yorkshire) Limited - Accounts to registrar (filleted) - small 18.2
Manor Homes (Yorkshire) Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
MANOR HOMES (YORKSHIRE) LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2018 |
MANOR HOMES (YORKSHIRE) LIMITED (REGISTERED NUMBER: 01840477) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2018 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
MANOR HOMES (YORKSHIRE) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JANUARY 2018 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SENIOR STATUTORY AUDITOR: |
AUDITORS: |
4 Henley Way |
Doddington Road |
Lincoln |
Lincolnshire |
LN6 3QR |
MANOR HOMES (YORKSHIRE) LIMITED (REGISTERED NUMBER: 01840477) |
STATEMENT OF FINANCIAL POSITION |
31 JANUARY 2018 |
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 behalf by: |
MANOR HOMES (YORKSHIRE) LIMITED (REGISTERED NUMBER: 01840477) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2018 |
1. | STATUTORY INFORMATION |
Manor Homes (Yorkshire) Limited is a |
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 |
Related party exemption |
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. |
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 |
Plant and machinery etc | - |
No depreciation is charged on freehold property on the grounds of immateriality. Freehold property is subject |
to regular maintenance and repair such that in the opinion of the directors the residual value is not materially |
different from the value in the financial statements and has a long useful economic life. The directors consider |
the need for impairment at each period end. |
Impairment or fixed assets |
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being |
estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is |
impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. |
For the purpose of impairment testing, when it is not possible to estimate the recoverable amount of an |
individual asset, as estimate is made of the recoverable amount of the cash- generating unit to which the asset |
belongs. The cash-generating unit is the smallest identifiable group if assets that included the asset and |
generates cash inflows that largely independent of the cash inflows from other assets or group assets. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
MANOR HOMES (YORKSHIRE) LIMITED (REGISTERED NUMBER: 01840477) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2018 |
2. | ACCOUNTING POLICIES - continued |
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. |
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 income statement in the period to which they relate. |
Whilst the statement of financial position continues to show an overall deficit, the directors believe that the |
company has adequate resources to continue in operational existence for the foreseeable future. The largest |
creditor balance is due to United Health Ltd, the immediate parent company and the directors have received |
confirmation of continued financial support from United Health Limited. In addition, the stock retained is |
expected to realise amounts in excess of the accumulated losses to date when sold on the open market. For |
theses reasons, the directors consider that it is appropriate to prepare the accounts on the going concern |
basis. |
Rental income is recognised over the period to which it relates. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
MANOR HOMES (YORKSHIRE) LIMITED (REGISTERED NUMBER: 01840477) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2018 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 February 2017 |
Additions |
At 31 January 2018 |
DEPRECIATION |
At 1 February 2017 |
Charge for year |
At 31 January 2018 |
NET BOOK VALUE |
At 31 January 2018 |
At 31 January 2017 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
2018 | 2017 |
£ | £ |
Bank overdrafts |
Bank overdrafts of £8,998 (2017 - £3,693) are secured by fixed and floating charges over the assets of the |
company. |
MANOR HOMES (YORKSHIRE) LIMITED (REGISTERED NUMBER: 01840477) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2018 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
Ordinary | £1 | 200,013 | 200,013 |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
10. | CONTINGENCIES |
The company is a party to a composite cross guarantee given to the HSBC Bank Plc between United Health |
Limited, Manor Homes (Yorkshire) Limited, United Health Group Limited, Barford Children's Services Limited, |
Creative Care & Therapy Limited and United Children's Services Limited (formerly United Health (Medicare) |
Limited). |
11. | ULTIMATE CONTROLLING PARTY |
The immediate parent company is United Health Limited. |
The ultimate parent company is United Health Group Limited. United Health Group Limited is ultimately |
controlled by the directors. |