REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 July 2021 |
for |
MANTLE (DUNMOW) LIMITED |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 July 2021 |
for |
MANTLE (DUNMOW) LIMITED |
MANTLE (DUNMOW) LIMITED (REGISTERED NUMBER: 03861246) |
Contents of the Financial Statements |
for the Year Ended 31 July 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
MANTLE (DUNMOW) LIMITED |
Company Information |
for the Year Ended 31 July 2021 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
42 Lytton Road |
Barnet |
Hertfordshire |
EN5 5BY |
MANTLE (DUNMOW) LIMITED (REGISTERED NUMBER: 03861246) |
Balance Sheet |
31 July 2021 |
31.7.21 | 31.7.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
MANTLE (DUNMOW) LIMITED (REGISTERED NUMBER: 03861246) |
Balance Sheet - continued |
31 July 2021 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
MANTLE (DUNMOW) LIMITED (REGISTERED NUMBER: 03861246) |
Notes to the Financial Statements |
for the Year Ended 31 July 2021 |
1. | STATUTORY INFORMATION |
Mantle (Dunmow) Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Debtors and creditors receivable / payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
MANTLE (DUNMOW) LIMITED (REGISTERED NUMBER: 03861246) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2021 |
2. | ACCOUNTING POLICIES - continued |
Cash and cash equivalents |
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | FIXED ASSET INVESTMENTS |
Investment in subsidiaries and joint ventures are measured at cost less impairment. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.21 | 31.7.20 |
£ | £ |
VAT |
Deferred tax asset |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.21 | 31.7.20 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
Accruals and deferred income |
7. | DEFERRED TAX |
£ |
Balance at 1 August 2020 | ( |
) |
Provided during year | ( |
) |
Balance at 31 July 2021 | ( |
) |
MANTLE (DUNMOW) LIMITED (REGISTERED NUMBER: 03861246) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2021 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.21 | 31.7.20 |
value: | £ | £ |
Ordinary | £1 | 4 | 4 |
MANTLE (DUNMOW) LIMITED (REGISTERED NUMBER: 03861246) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2021 |
9. | RELATED PARTY DISCLOSURES |
The company acts as bare trustee on behalf of Mr G E Baker, Mr J A Baker and their family. The following is a summary of the financial position and the transactions undertaken by the company on their behalf: |
Profit & Loss Account |
31.7.21 | 31.7.20 |
£ | £ |
Interest receivable | - | - |
Administration expenses | (924 | ) | (48,477 | ) |
Interest accrued | (310,038 | ) | (165,553 | ) |
(Loss)/ Profit for the year | (310,962 | ) | (214,030 | ) |
Balance Sheet |
31.7.21 | 31.7.20 |
Fixed Assets | £ | £ |
Investment property |
Valuation brought forward | 8,750,000 | 8,750,000 |
Additions | - | - |
Surplus/(deficit) on revaluation | - | - |
Valuation carried forward | 8,750,000 | 8,750,000 |
Current Assets |
Debtors | 4,598 | 341 |
Cash at bank | 7,003 | 12,190 |
11,601 | 12,531 |
Creditors: Amounts falling due within one year | (6,914,583 | ) | (6,604,551 | ) |
Creditors: Amounts falling due after more than one year |
(1,337,399 |
) |
(1,337,399 |
) |
Net Assets | 509,619 | 820,581 |
Represented by: |
MANTLE (DUNMOW) LIMITED (REGISTERED NUMBER: 03861246) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2021 |
Profit and loss account | (2,770,060 | ) | (2,459,098 | ) |
Revaluation reserve | 3,279,679 | 3,279,679 |
Net Assets | 509,619 | 820,581 |
10. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |