Company No:
Contents
DIRECTORS | Mr A L Daffern |
Mr A C Hibbert | |
Mr A B Jenkinson | |
Mr D J Nottingham | |
Mr S Rowe | |
Mrs E L Sayer | |
Mrs N J Thomas |
SECRETARY | Mr P Mooney |
REGISTERED OFFICE | Maenporth Estate Office |
Maenporth Estate Maenporth | |
Falmouth | |
TR11 5HN | |
United Kingdom |
COMPANY NUMBER | 05105602 (England and Wales) |
CHARTERED ACCOUNTANTS | Bishop Fleming LLP |
Chy Nyverow | |
Newham Road | |
Truro | |
TR1 2DP |
The directors present their annual report and the unaudited financial statements of the Company for the financial year ended 31 March 2023.
PRINCIPAL ACTIVITIES
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 D J Nottingham
Director |
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
2023 | 2022 | |||
£ | £ | |||
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 |
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Profit for the financial year |
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Retained earnings at the end of financial year |
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Note | 2023 | 2022 | ||
£ | £ | |||
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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59,233 | 58,132 | |||
Creditors: amounts falling due within one year | 6 | (
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Net current assets | 58,285 | 57,227 | ||
Total assets less current liabilities | 198,793 | 197,735 | ||
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
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Maenporth Owners Limited (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, TR11 5HN, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, 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 and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
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.
Land and buildings | not depreciated |
Plant and machinery etc. |
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Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
Investments in subsidiaries are measured at cost less accumulated impairment.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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 Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
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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 2022 |
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At 31 March 2023 |
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Accumulated depreciation | |||||
At 01 April 2022 |
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At 31 March 2023 |
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Net book value | |||||
At 31 March 2023 |
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At 31 March 2022 |
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Investments in subsidiaries
2023 | |
£ | |
Cost | |
At 01 April 2022 |
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At 31 March 2023 |
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Carrying value at 31 March 2023 |
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Carrying value at 31 March 2022 |
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£ | £ | ||
Amounts owed by own subsidiaries |
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2023 | 2022 | ||
£ | £ | ||
Trade creditors |
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Taxation and social security |
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Other creditors |
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£ | £ | ||
Allotted, called-up and fully-paid | |||
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