Manor Point (Holmes Chapel) Limited - Accounts to registrar (filleted) - small 22.3
Manor Point (Holmes Chapel) Limited - Accounts to registrar (filleted) - small 22.3
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 January 2022 |
for |
Manor Point (Holmes Chapel) Limited |
Manor Point (Holmes Chapel) Limited (Registered number: 12138323) |
Contents of the Financial Statements |
for the Year Ended 31 January 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Chartered Accountants' Report | 7 |
Manor Point (Holmes Chapel) Limited |
Company Information |
for the Year Ended 31 January 2022 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Aus-Bore House |
19-25 Manchester Road |
Wilmslow |
Cheshire |
SK9 1BQ |
Manor Point (Holmes Chapel) Limited (Registered number: 12138323) |
Balance Sheet |
31 January 2022 |
31.1.22 | 31.1.21 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 9 |
Retained earnings | 9 |
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. |
Manor Point (Holmes Chapel) Limited (Registered number: 12138323) |
Balance Sheet - continued |
31 January 2022 |
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 and authorised for issue on |
Manor Point (Holmes Chapel) Limited (Registered number: 12138323) |
Notes to the Financial Statements |
for the Year Ended 31 January 2022 |
1. | STATUTORY INFORMATION |
Manor Point (Holmes Chapel) Limited is a |
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. |
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. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2021 - NIL). |
Manor Point (Holmes Chapel) Limited (Registered number: 12138323) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2022 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 February 2021 |
Additions |
Disposals | ( |
) |
Revaluations | 693,646 |
At 31 January 2022 |
NET BOOK VALUE |
At 31 January 2022 |
At 31 January 2021 |
Fair value at 31 January 2022 is represented by: |
£ |
Valuation in 2022 | 5,790,305 |
Cost | 3,859,695 |
9,650,000 |
Investment property was valued at the reporting date on an open market basis. The valuations were determined by the directors, who have extensive experience of the market. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.22 | 31.1.21 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.22 | 31.1.21 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.1.22 | 31.1.21 |
£ | £ |
Other creditors |
Manor Point (Holmes Chapel) Limited (Registered number: 12138323) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2022 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.1.22 | 31.1.21 |
£ | £ |
Other creditors | 1,368,267 | 4,037,910 |
Loan finance is secured on the company's investment properties. |
9. | RESERVES |
Fair |
Retained | value |
earnings | reserve | Totals |
£ | £ | £ |
At 1 February 2021 | 5,189,723 |
Profit for the year |
Dividends | ( |
) | ( |
) |
Revaluation of Investment Property |
(56,002 |
) |
56,002 |
- |
At 31 January 2022 | 5,552,526 |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Manor Point (Holmes Chapel) Limited |
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 Manor Point (Holmes Chapel) Limited for the year ended 31 January 2022 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 Manor Point (Holmes Chapel) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Manor Point (Holmes Chapel) Limited and state those matters that we have agreed to state to the Board of Directors of Manor Point (Holmes Chapel) Limited, 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 Manor Point (Holmes Chapel) Limited and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Manor Point (Holmes Chapel) Limited 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 Manor Point (Holmes Chapel) Limited. You consider that Manor Point (Holmes Chapel) Limited 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 Manor Point (Holmes Chapel) Limited. 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. |
Aus-Bore House |
19-25 Manchester Road |
Wilmslow |
Cheshire |
SK9 1BQ |