Company Registration No. 02865680 (England and Wales)
MANUAL INVESTING LIMITED
UNAUDITED ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016
MANUAL INVESTING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 7
MANUAL INVESTING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2016
31 October 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,921,273
2,402,225
Investments
2
2,560,776
2,033,090
5,482,049
4,435,315
Current assets
Debtors
376,903
388,908
Cash at bank and in hand
93,486
139,607
470,389
528,515
Creditors: amounts falling due within one year
(4,118,718)
(3,675,275)
Net current liabilities
(3,648,329)
(3,146,760)
Total assets less current liabilities
1,833,720
1,288,555
Creditors: amounts falling due after more than one year
(330,000)
(397,000)
Provisions for liabilities
(256)
(445)
1,503,464
891,110
Capital and reserves
Called up share capital
3
500
500
Share premium account
16,325
16,325
Revaluation reserve
1,205,233
685,233
Other reserves
1,500
1,500
Profit and loss account
279,906
187,552
Shareholders' funds
1,503,464
891,110
MANUAL INVESTING LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2016
31 October 2016
- 2 -
For the financial year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 8 April 2017
Mr R G Tizzard
Director
Company Registration No. 02865680
MANUAL INVESTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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.
1.2
Changes in 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.
1.3
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).
1.4
Turnover
Turnover represents amounts receivable for goods and services net of value added tax, in respect of rent receivable from operating leases.
value added tax, in respect of rent receivable from operating leases.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Office equipment - straight line over 3 years
1.6
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.
MANUAL INVESTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2016
- 4 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost or valuation
At 1 November 2015
2,927,466
2,030,091
4,957,557
Additions
452
530,685
531,137
At 31 October 2016
2,927,918
2,560,776
5,488,694
Depreciation
At 1 November 2015
5,241
-
5,241
Charge for the year
1,404
-
1,404
At 31 October 2016
6,645
-
6,645
Net book value
At 31 October 2016
2,921,273
2,560,776
5,482,049
At 31 October 2015
2,402,225
2,033,090
4,435,315
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
TZZ Estates Limited
UK
1,500 Ordinary Shares
100.00
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
Profit/(loss) for the year
2016
2016
Principal activity
£
£
TZZ Estates Limited
Property Investment
(618,502)
(32,091)
MANUAL INVESTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2016
2
Fixed assets
(Continued)
- 5 -
Sturminster TZZ Estates LLP
Manual Investing Ltd has a 50% share of Sturminster TZZ Estates LLP, a partnership of which the principal activity is property development. At 31 March 2016 the investment in the partnership was £214,472. The share of the profit for the year ending 31 March 2016 was £nil. The investment carried forward is £214,472.
Cranbrook LVA LLP
Manual Investing Ltd has a 49% share of Cranbrook LVA LLP, a partnership of which the principal activity is property development. At 31 March 2016 the investment in the partnership was £455,066. The share of the profit for the year ending 31 March 2016 was £6,168. The investment carried forward is £455,066.
Yetminster LVA LLP
Manual Investing Ltd has a 49% share of Yetminster LVA LLP, a partnership of which the principal activity is property development. At 31 March 2016 the investment in the partnership was £68,644. The share of the profit for the year ending 31 March 2016 was £nil. The investment carried forward is £68,644.
Shaftesbury LVA LLP
Manual Investing Ltd has a 49% share of Shaftesbury LVA LLP, a partnership of which the principal activity is property development. At 31 March 2016 the investment in the partnership was £306,178. The share of the profit for the year ending 31 March 2016 was £nil. The investment carried forward is £306,178.
Ipplepen LVA LLP
Manual Investing Ltd has a 49% share of Ipplepen LVA LLP, a partnership of which the principal activity is property development. At 31 March 2016 the investment in the partnership was £121,928. The share of the profit for the year ending 31 March 2016 was £nil. The investment carried forward is £121,928.
Frome LVA LLP
Manual Investing Ltd has a 49% share of Frome LVA LLP, a partnership of which the principal activity is property development. At 31 March 2016 the investment in the partnership was £116,097. The share of the profit for the year ending 31 March 2016 was £nil. The investment carried forward is £116,097.
Urchfont LVA LLP
Manual Investing Ltd has a 49% share of Urchfont LVA LLP, a partnership of which the principal activity is property development. At 31 March 2016 the investment in the partnership was £56,350. The share of the profit for the year ending 31 March 2016 was £nil. The investment carried forward is £56,350.
Walton LVA LLP
Manual Investing Ltd has a 49% share of Walton LVA LLP, a partnership of which the principal activity is property development. At 31 March 2016 the investment in the partnership was £117,163. The share of the profit for the year ending 31 March 2016 was £nil. The investment carried forward is £117,163.
Sidbury LVA LLP
Manual Investing Ltd has a 49% share of Sidbury LVA LLP, a partnership of which the principal activity is property development. At 31 March 2016 the investment in the partnership was £64,786. The share of the profit for the year ending 31 March 2016 was £nil. The investment carried forward is £64,786.
MANUAL INVESTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2016
2
Fixed assets
(Continued)
- 6 -
Bridport LVA LLP
Manual Investing Ltd has a 49% share of Bridport LVA LLP, a partnership of which the principal activity is property development. At 31 March 2015 the investment in the partnership was £112,735. The share of the profit for the year ending 31 March 2015 was £nil. The investment carried forward is £112,735.
Stoke St Michael LVA LLP
Manual Investing Ltd has a 49% share of Stoke St Michael LVA LLP, a partnership of which the principal activity is property development. At 31 March 2015 the investment in the partnership was £78,957. The share of the profit for the year ending 31 March 2015 was £nil. The investment carried forward is £78,957.
Shepton Mallet LVA LLP
Manual Investing Ltd has a 49% share of Shepton Mallet LVA LLP, a partnership of which the principal activity is property development. At 31 March 2015 the investment in the partnership was £48,020. The share of the profit for the year ending 31 March 2015 was £nil. The investment carried forward is £48,020.
Corsham LVA LLP
Manual Investing Ltd has a 49% share of Corsham LVA LLP, a partnership of which the principal activity is property development. At 31 March 2015 the investment in the partnership was £61,250. The share of the profit for the year ending 31 March 2015 was £nil. The investment carried forward is £61,250.
Manston LVA LLP
Manual Investing Ltd has a 49% share of Manston LVA LLP, a partnership of which the principal activity is property development. During the year Manual Investing Ltd invested £49,490 in the partnership. The share of the profit for the year ending 31 March 2015 was £nil. The investment carried forward is £49,490.
Nailsea Block 1 LVA LLP
Manual Investing Ltd has a 49% share of Nailsea Block 1 LVA LLP, a partnership of which the principal activity is property development. During the year Manual Investing Ltd invested £96,145 in the partnership. The share of the profit for the year ending 31 March 2015 was £nil. The investment carried forward is £96,145.
Nailsea Block 2 LVA LLP
Manual Investing Ltd has a 24% share of Nailsea Block 2 LVA LLP, a partnership of which the principal activity is property development. At 31 March 2015 the investment in the partnership was £99,822. The share of the profit for the year ending 31 March 2015 was £nil. The investment carried forward is £99,822.
Cheddar LVA LLP
Manual Investing Ltd has a 49% share of Cheddar LVA LLP, a partnership of which the principal activity is property development. At 31 March 2015 the investment in the partnership was £44,913. The share of the profit for the year ending 31 March 2015 was £nil. The investment carried forward is £44,913.
MANUAL INVESTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2016
2
Fixed assets
(Continued)
- 7 -
West Stafford LVA LLP
Manual Investing Ltd has a 49% share of West Stafford LVA LLP, a partnership of which the principal activity is property development. At 31 March 2015 the investment in the partnership was £98,554. The share of the profit for the year ending 31 March 2015 was £nil. The investment carried forward is £98,554.
Mylors Bridge LVA LLP
Manual Investing Ltd has a 49% share of Mylors Bridge LVA LLP, a partnership of which the principal activity is property development. During the year Manual Investing Ltd invested £11,760 in the partnership. The share of the profit for the year ending 31 March 2015 was £nil. The investment carried forward is £11,760.
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
500 Ordinary of £1 each
500
500
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