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MANDA CONSTRUCTION LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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DRAFT |
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MANDA CONSTRUCTION LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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MANDA CONSTRUCTION LIMITED (REGISTERED NUMBER: SC189354) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
for the year ended 30 November 2016 |
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DRAFT |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 | to | 3 |
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Notes to the Abbreviated Accounts | 4 | to | 5 |
MANDA CONSTRUCTION LIMITED |
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COMPANY INFORMATION |
for the year ended 30 November 2016 |
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DRAFT |
DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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BANKERS: |
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SOLICITORS: |
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MANDA CONSTRUCTION LIMITED (REGISTERED NUMBER: SC189354) |
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ABBREVIATED BALANCE SHEET |
30 November 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
DRAFT |
FIXED ASSETS |
Tangible assets | 2 |
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Investment property | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Investments |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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NET ASSETS/(LIABILITIES) |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Profit and loss account |
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( |
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SHAREHOLDERS' FUNDS |
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( |
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The director acknowledges his 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. |
MANDA CONSTRUCTION LIMITED (REGISTERED NUMBER: SC189354) |
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ABBREVIATED BALANCE SHEET - continued |
30 November 2016 |
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DRAFT |
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The financial statements were approved by the director on
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MANDA CONSTRUCTION LIMITED (REGISTERED NUMBER: SC189354) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
for the year ended 30 November 2016 |
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DRAFT |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The company has net current liabilities of £2,435,727 (2015 - liabilities - £2,542,341) at the year end. |
However the director has undertaken to continue making funds available to enable the company to |
meet its liabilities as they fall due and considers the going concern basis of accounts preparation |
appropriate. |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance |
with the Financial Reporting Standard for Smaller Entities (effective January 2015) except that the |
alternative rules set out in the 1st Schedule to the Companies Act 2006 have been adopted in respect |
of investment properties. As explained in the investment property note, no depreciation is provided in |
respect of the investment property as it is considered that this policy is necessary in order for the |
financial statements to show a true and fair view. |
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Tangible fixed assets and depreciation |
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Computer equipment | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Plant and equipment | - |
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Investment property |
No depreciation has been provided for on investment properties in accordance with the Financial |
Reporting Standard for Smaller Entities (effective January 2015). |
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Stock and work in progress |
Stock is stated at the lower of cost or net realisable value. |
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Deferred tax |
Deferred tax arises as a result of including items of income and expenditure in taxation computations |
in periods different from those in which they are included in the company's accounts. Deferred tax is |
provided in full on timing differences which result in an obligation to pay more (or less) tax at a future |
date, at the average tax rates that are expected to apply when the timing differences reverse, based on |
current tax rates and laws. |
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Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where |
there is no commitment to sell the asset. |
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Deferred tax assets and liabilities are not discounted. |
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Investments |
Current asset investments are stated at cost. |
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Consolidated accounts |
The director considers that group financial statements are not appropriate because, despite the |
company's 53.3% holding of ordinary shares in Manda Health Care Limited, the existence of a Golden |
share has power of veto over decisions taken by ordinary shareholders. |
MANDA CONSTRUCTION LIMITED (REGISTERED NUMBER: SC189354) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
for the year ended 30 November 2016 |
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DRAFT |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 December 2015 |
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Reclassification/transfer | ( |
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At 30 November 2016 |
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DEPRECIATION |
At 1 December 2015 |
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Charge for year |
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At 30 November 2016 |
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NET BOOK VALUE |
At 30 November 2016 |
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At 30 November 2015 |
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3. | INVESTMENT PROPERTY |
Total |
£ |
COST |
At 1 December 2015 |
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Reclassification/transfer |
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At 30 November 2016 |
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NET BOOK VALUE |
At 30 November 2016 |
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At 30 November 2015 |
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4. | CREDITORS |
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Creditors include an amount of £
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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6. | POST BALANCE SHEET EVENTS |
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On 31 March 2017 the company sold Mandaville Care Home for £4.5million. This realised a gain on |
disposal of £1.28 million. |