Registered Number 02865680
MANUAL INVESTING LIMITED
Abbreviated Accounts
31 October 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Investments | 3 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (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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Provisions for liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital |
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Share premium account |
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Revaluation reserve |
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Other reserves |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Going concern
The company is dependent on the continued support of the director and his family to meet its debts as and when they fall due. The director has confirmed this support will continue for the foreseeable future and therefore the accounts have been prepared on a going concern basis
Turnover policy
Tangible assets depreciation policy
Office equipment - Straight line over 3 years.
Other accounting policies
The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
Investments
Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows:
No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.
This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.
Fixed asset investments are stated at historical cost less provision for any diminution in value.
The company holds more than 20% of the share capital of the following companies:
Subsidiary undertakings: TZZ Estates Limited, UK, 1,500 Ordinary Shares, 100% shares held.
The aggregate amount of capital and reserves and the results of these undertakings for the last
relevant financial year were as follows:
Capital and reserves (£536,411)
Profit/(loss) for the year (£29,000)
Principal activity: Property Investment.
£ | |
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Cost | |
At 1 November 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 October 2015 |
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Depreciation | |
At 1 November 2014 |
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Charge for the year |
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On disposals |
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At 31 October 2015 |
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Net book values | |
At 31 October 2015 | 2,402,225 |
At 31 October 2014 | 2,150,560 |
3
Fixed assets Investments