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Abbreviated Unaudited Accounts for the Year Ended 31 March 2016 |
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Manor Castle Properties Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 31 March 2016 |
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for |
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Manor Castle Properties Limited |
Manor Castle Properties Limited (Registered number: 04492294) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 March 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Manor Castle Properties Limited |
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Company Information |
for the Year Ended 31 March 2016 |
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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 |
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Manor Castle Properties Limited (Registered number: 04492294) |
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Abbreviated Balance Sheet |
31 March 2016 |
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31.3.16 | 31.3.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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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 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 |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Share premium |
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Profit and loss account |
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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 Castle Properties Limited (Registered number: 04492294) |
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Abbreviated Balance Sheet - continued |
31 March 2016 |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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Manor Castle Properties Limited (Registered number: 04492294) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 March 2016 |
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1. | ACCOUNTING POLICIES |
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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). |
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Turnover |
The turnover shown in the profit and loss account represents amounts invoiced during the year. |
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Tangible fixed assets |
All fixed assets are initially recorded at cost. |
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Investment properties |
Investment properties are shown at their open market value. The surplus or deficit arising from the |
annual revaluation is transferred to the investment revaluation reserve unless a deficit, 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. |
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This is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) |
which, unlike the Companies Act 2006, does not require depreciation of investment properties. |
Investment properties are held for their investment potential and not for use by the company and |
so their current value is of prime importance. The departure from the provisions of the Act is |
required in order to give a true and fair view |
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Financial instruments |
Financial liabilities and equity instruments are classified according to the substance of the |
contractual arrangements entered into. An equity instrument is any contract that evidences a |
residual interest in the assets of the entity after deducting all of its financial liabilities. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2015 |
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Additions |
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At 31 March 2016 |
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DEPRECIATION |
Charge for year |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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Manor Castle Properties Limited (Registered number: 04492294) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2016 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
value: | £ | £ |
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Ordinary | £1 |
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4. | TRANSACTIONS WITH THE DIRECTORS |
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At the year end Manor Castle Properties Limited owed the directors £888,485 (2015: £951,585). The |
company owed Mr G Cicirello £434,443 (2015: £434,443), Mr M Cicirello £362,292 (2015: |
£388,392), and Mrs J Cicirello £91,750 (2015: £128,750). |
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5. | SHARE PREMIUM ACCOUNT |
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There was no movement on the share premium account during the financial year. |