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Unaudited Financial Statements for the Year Ended 31 January 2021 |
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Manor Builders Hoylake Limited |
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Unaudited Financial Statements for the Year Ended 31 January 2021 |
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for |
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Manor Builders Hoylake Limited |
Manor Builders Hoylake Limited (Registered number: 04356918) |
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Contents of the Financial Statements |
for the Year Ended 31 January 2021 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Chartered Accountants' Report | 8 |
Manor Builders Hoylake Limited |
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Company Information |
for the Year Ended 31 January 2021 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Barnston House |
Beacon Lane |
Heswall |
Wirral |
Merseyside |
CH60 0EE |
Manor Builders Hoylake Limited (Registered number: 04356918) |
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Balance Sheet |
31 January 2021 |
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31.1.21 | 31.1.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve | 11 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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 Builders Hoylake Limited (Registered number: 04356918) |
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Balance Sheet - continued |
31 January 2021 |
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In accordance with Section 444 of the Companies Act 2006, the Profit & loss account has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Manor Builders Hoylake Limited (Registered number: 04356918) |
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Notes to the Financial Statements |
for the Year Ended 31 January 2021 |
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1. | STATUTORY INFORMATION |
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Manor Builders Hoylake Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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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. |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
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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. |
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Income |
Rental income is generated from properties held in fixed assets until they are eventually sold. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2020 - NIL). |
Manor Builders Hoylake Limited (Registered number: 04356918) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2021 |
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4. | TANGIBLE FIXED ASSETS |
Plant and | Motor | Computer |
machinery | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 February 2020 |
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Additions |
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At 31 January 2021 |
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DEPRECIATION |
At 1 February 2020 |
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Charge for year |
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At 31 January 2021 |
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NET BOOK VALUE |
At 31 January 2021 |
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At 31 January 2020 |
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5. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 February 2020 |
and 31 January 2021 |
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NET BOOK VALUE |
At 31 January 2021 |
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At 31 January 2020 |
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Fair value at 31 January 2021 is represented by: |
£ |
Valuation in 2015 | 29,869 |
Cost | 54,131 |
84,000 |
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If freehold property had not been revalued it would have been included at the following historical cost: |
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31.1.21 | 31.1.20 |
£ | £ |
Cost | 54,131 | 54,131 |
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The freehold property was valued on an open market basis basis on 15 August 2014 by the directors and remains unchanged . |
Manor Builders Hoylake Limited (Registered number: 04356918) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2021 |
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6. | DEBTORS |
31.1.21 | 31.1.20 |
£ | £ |
Amounts falling due within one year: |
Other debtors |
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CIS recoverable | 5,233 | 14,334 |
Directors' current accounts | 277,174 | 120,595 |
VAT |
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Amounts falling due after more than one year: |
S455 tax recoverable |
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Aggregate amounts |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.21 | 31.1.20 |
£ | £ |
Hire purchase contracts (see note 9) |
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Payments on account |
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Trade creditors |
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Corporation tax |
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Pensions due | 207 | 208 |
Bounce Back Loan | 5,000 | - |
Accrued expenses |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.1.21 | 31.1.20 |
£ | £ |
Bounce Back Loan | 40,000 | - |
Bounce Back Loan | 5,000 | - |
Hire purchase contracts (see note 9) |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bounce Back Loan | 5,000 | - |
Manor Builders Hoylake Limited (Registered number: 04356918) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2021 |
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9. | LEASING AGREEMENTS |
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Minimum lease payments under hire purchase fall due as follows: |
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31.1.21 | 31.1.20 |
£ | £ |
Net obligations repayable: |
Within one year |
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Between one and five years |
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10. | SECURED DEBTS |
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There is a legal charge dated 21 December 2015 in favour of National Westminster Bank PLC with a fixed and floating charge over the property and undertakings of the company. |
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11. | RESERVES |
Revaluation |
reserve |
£ |
At 1 February 2020 |
and 31 January 2021 |
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12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 31 January 2021 and 31 January 2020: |
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31.1.21 | 31.1.20 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Two of the company directors also have a partnership that carries out work for the limited company. The balance due from the partnership to the limited company in respect of trading is £679,414 (2020 - £574,324). |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Manor Builders Hoylake Limited |
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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. |
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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 Builders Hoylake Limited for the year ended 31 January 2016 which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Recognised Gains and Losses and the related notes from the company's accounting records and from information and explanations you have given us. |
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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 at icaew.com/membershandbook. |
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This report is made solely to the Board of Directors of Manor Builders Hoylake 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 Builders Hoylake Limited and state those matters that we have agreed to state to the Board of Directors of Manor Builders Hoylake Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Manor Builders Hoylake 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 Builders Hoylake Limited. You consider that Manor Builders Hoylake Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Manor Builders Hoylake 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. |
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Chartered Accountants |
Barnston House |
Beacon Lane |
Heswall |
Wirral |
Merseyside |
CH60 0EE |
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