Company No:
Contents
DIRECTORS | Mr A L Daffern |
Mr A C Hibbert | |
Mr D J Nottingham (Chairman) | |
Mr S Rowe | |
Mrs E L Sayer | |
Mrs N J Thomas | |
Mr G N Williams | |
SECRETARY | Mr P Mooney |
REGISTERED OFFICE | Maenporth Estate Office |
Maenporth Estate Maenporth | |
Falmouth | |
Cornwall | |
TR11 5HN | |
United Kingdom | |
COMPANY NUMBER | 05105602(England and Wales) |
CHARTERED ACCOUNTANTS | Bishop Fleming LLP |
Chy Nyverow | |
Newham Road | |
Truro | |
TR1 2DP | |
BANKERS | Lloyds Bank Plc |
11/12 Killigrew Street | |
Falmouth | |
Cornwall | |
TR11 3RA | |
SOLICITORS | Stephens Scown |
Osprey House | |
Malpas Road | |
Truro | |
Cornwall | |
TR1 1UT |
The directors present their annual report and the unaudited financial statements of the Company for the financial year ended 31 March 2021.
GOING CONCERN
DIRECTORS
The directors, who served during the financial year and to the date of this report except as noted, were as follows:
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Approved by the Board of Directors and signed on its behalf by:
Mr P Mooney
Secretary |
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 www.icaew.com/regulation.
It is your duty to ensure that Maenporth Owners 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 Maenporth Owners Limited. You consider that Maenporth Owners Limited is exempt from the statutory audit requirement for the financial year.
We have not been instructed to carry out an audit or a review of the financial statements of Maenporth Owners 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.
Chartered Accountants
Newham Road
Truro
TR1 2DP
2021 | 2020 | |||
£ | £ | |||
Turnover |
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Administrative expenses | (
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Operating profit and profit before taxation |
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Tax on profit | (
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Profit for the financial year |
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Retained earnings at the beginning of financial year | 15,559 | 14,461 | ||
Profit for the financial year |
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Retained earnings at the end of financial year | 16,648 | 15,559 |
2021 | 2020 | |||
Note | £ | £ | ||
Fixed assets | ||||
Tangible assets | 3 |
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Investments | 4 |
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140,508 | 140,508 | |||
Current assets | ||||
Debtors | 5 |
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Cash at bank and in hand |
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57,045 | 55,960 | |||
Creditors | ||||
Amounts falling due within one year | 6 | (
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Net current assets | 56,140 | 55,051 | ||
Total assets less current liabilities | 196,648 | 195,559 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital | 7 |
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Share premium account |
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Profit and loss account |
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Total shareholder's funds |
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Directors’ responsibilities:
The financial statements of Maenporth Owners Limited (registered number:
Mr D J Nottingham (Chairman)
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year.
Maenporth Owners Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Maenporth Estate Office, Maenporth Estate Maenporth, Falmouth, Cornwall, TR11 5HN, United Kingdom.
The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.
The functional currency of Maenporth Owners Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Freehold property is not depreciated as the residual value is at least equal to the book value. The residual value is based on the estimated amount that would be currently obtainable from disposal of the asset net of disposal costs if the asset were already of the age and condition expected at the end of its useful life.
Depreciation is provided at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:
Plant and machinery - 33% straight line
Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
Investments in subsidiaries are measured at cost less accumulated impairment.
2021 | 2020 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Land and buildings | Plant and machinery etc | Total | |||
£ | £ | £ | |||
Cost | |||||
At 01 April 2020 |
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At 31 March 2021 |
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Accumulated depreciation | |||||
At 01 April 2020 |
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At 31 March 2021 |
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Net book value | |||||
At 31 March 2021 |
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At 31 March 2020 |
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Investments in subsidiaries
2021 | |
£ | |
Cost | |
At 01 April 2020 |
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At 31 March 2021 |
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Carrying value at 31 March 2021 |
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Carrying value at 31 March 2020 |
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2021 | 2020 | ||
£ | £ | ||
Amounts owed by own subsidiaries |
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2021 | 2020 | ||
£ | £ | ||
Trade creditors |
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Other creditors |
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Corporation tax |
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2021 | 2020 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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