Mann Brothers Limited - Accounts to registrar (filleted) - small 18.2
Mann Brothers Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2018 |
| FOR |
| MANN BROTHERS LIMITED |
| MANN BROTHERS LIMITED (REGISTERED NUMBER: 01927637) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 October 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| MANN BROTHERS LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 October 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1110 Elliott Court |
| Coventry Business Park |
| Herald Avenue |
| Coventry |
| West Midlands |
| CV5 6UB |
| MANN BROTHERS LIMITED (REGISTERED NUMBER: 01927637) |
| BALANCE SHEET |
| 31 October 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Stocks | 7 |
| Debtors | 8 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
10 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 11 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| MANN BROTHERS LIMITED (REGISTERED NUMBER: 01927637) |
| BALANCE SHEET - continued |
| 31 October 2018 |
| 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: |
| MANN BROTHERS LIMITED (REGISTERED NUMBER: 01927637) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 October 2018 |
| 1. | STATUTORY INFORMATION |
| Mann Brothers Limited is a |
| 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 |
| 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 |
| Short leasehold | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from |
| changes in fair value is recognised in profit or loss. |
| In accordance with SSAP 19, certain properties are held for long term investment and are included in |
| the balance sheet at their open market values. The surplus or deficit on revaluation of such properties |
| are transferred to the investment property revaluation reserve. Depreciation is not provided on these |
| investment properties in accordance with SSAP 19. This policy represents a departure from the |
| Companies Act 2006 which requires depreciation to be provided on all fixed assets. The directors |
| consider that this policy is necessary in order that the accounts give a true and fair view because |
| current market values are of prime importance rather than the calculation of systematic annual |
| depreciation. |
| 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. |
| MANN BROTHERS LIMITED (REGISTERED NUMBER: 01927637) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 October 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at |
| the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of |
| exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at |
| the operating result. |
| 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. |
| 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. |
| Fixed asset investments |
| Fixed asset investments are stated at cost less provision for diminution in value or at market value. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | Plant and | and |
| leasehold | machinery | fittings |
| £ | £ | £ |
| COST |
| At 1 November 2017 |
| and 31 October 2018 |
| DEPRECIATION |
| At 1 November 2017 |
| Charge for year |
| At 31 October 2018 |
| NET BOOK VALUE |
| At 31 October 2018 |
| At 31 October 2017 |
| MANN BROTHERS LIMITED (REGISTERED NUMBER: 01927637) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 October 2018 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 November 2017 |
| and 31 October 2018 |
| DEPRECIATION |
| At 1 November 2017 |
| Charge for year |
| At 31 October 2018 |
| NET BOOK VALUE |
| At 31 October 2018 |
| At 31 October 2017 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in | Interest |
| group | in joint | Other |
| undertakings | venture | investments | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 November 2017 |
| and 31 October 2018 | 118,490 |
| NET BOOK VALUE |
| At 31 October 2018 | 118,490 |
| At 31 October 2017 | 118,490 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 November 2017 |
| and 31 October 2018 |
| NET BOOK VALUE |
| At 31 October 2018 |
| At 31 October 2017 |
| Fair value at 31 October 2018 is represented by: |
| £ |
| Valuation in 2007 | 197,576 |
| Valuation in 2017 | 1,912,424 |
| 2,110,000 |
| The Investment Property was valued on an open market basis on 31 October 2017 by the directors . |
| MANN BROTHERS LIMITED (REGISTERED NUMBER: 01927637) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 October 2018 |
| 7. | STOCKS |
| 2018 | 2017 |
| £ | £ |
| Stocks and WIP |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Amounts owed by participating interests | - | 80,234 |
| Other debtors |
| Prepayments |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Other loans |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| Directors' loan accounts | 28 | 5 |
| Accruals and deferred income |
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Deferred government grants |
| 11. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 November 2017 |
| and 31 October 2018 |
| MANN BROTHERS LIMITED (REGISTERED NUMBER: 01927637) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 October 2018 |
| 12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 October 2018 |
| and 31 October 2017: |
| 2018 | 2017 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |