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REGISTERED NUMBER: 07690103 (England and Wales)











Financial Statements

for the Year Ended 30 June 2023

for

MANTLE SPACE LIMITED

MANTLE SPACE LIMITED (REGISTERED NUMBER: 07690103)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MANTLE SPACE LIMITED

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr J A Baker
Mr G E Baker
Mr M J Chandler
Ms K E Chaplin





REGISTERED OFFICE: The Priory Thremhall Park
Start Hill
Bishops Stortford
Hertfordshire
CM22 7WE





REGISTERED NUMBER: 07690103 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

MANTLE SPACE LIMITED (REGISTERED NUMBER: 07690103)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 797,809 878,941
Investments 5 100 100
797,909 879,041

CURRENT ASSETS
Debtors 6 1,749,830 2,562,023
Cash at bank and in hand 2,092,151 563,051
3,841,981 3,125,074
CREDITORS
Amounts falling due within one year 7 3,878,894 3,488,247
NET CURRENT LIABILITIES (36,913 ) (363,173 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

760,996

515,868

CREDITORS
Amounts falling due after more than one year 8 (21,667 ) (31,667 )

PROVISIONS FOR LIABILITIES (212,203 ) (212,203 )
NET ASSETS 527,126 271,998

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 527,026 271,898
SHAREHOLDERS' FUNDS 527,126 271,998

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

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 SPACE LIMITED (REGISTERED NUMBER: 07690103)

Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 20 August 2024 and were signed on its behalf by:





Mr G E Baker - Director


MANTLE SPACE LIMITED (REGISTERED NUMBER: 07690103)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Mantle Space Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 20% on Cost and 2% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - NIL ) .

MANTLE SPACE LIMITED (REGISTERED NUMBER: 07690103)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machiner
etc
£   
COST
At 1 July 2022 2,369,226
Additions 120,396
At 30 June 2023 2,489,622
DEPRECIATION
At 1 July 2022 1,490,285
Charge for year 201,528
At 30 June 2023 1,691,813
NET BOOK VALUE
At 30 June 2023 797,809
At 30 June 2022 878,941

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaki
£   
COST
At 1 July 2022
and 30 June 2023 100
NET BOOK VALUE
At 30 June 2023 100
At 30 June 2022 100

6. DEBTORS
30.6.23 30.6.22
£    £   
Amounts falling due within one year:
Trade debtors 90,204 177,318
Amounts owed by group undertakings 807,816 92,816
Other debtors 851,810 1,692,536
VAT - 9,621
Prepayments - 146,357
1,749,830 2,118,648

Amounts falling due after more than one year:
Other debtors - 443,375

Aggregate amounts 1,749,830 2,562,023

MANTLE SPACE LIMITED (REGISTERED NUMBER: 07690103)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 673,543 397,442
Amounts owed to group undertakings 475,948 425,878
Tax 9,665 57
Social security and other taxes 16,597 -
VAT 84,967 -
Other creditors 2,101,374 1,898,288
Accruals and deferred income 506,800 756,582
3,878,894 3,488,247

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 11,667 21,667
21,667 31,667

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

As at the balance sheet date, the company was owed an amount of £530 (2022: £530) by Coastwind Limited, £424,440 (2022: £424,440) to Mantle Saffron Limited, £51,408 (2022: £1,338l) to Mantle Management LLP, £100 (2022: £100) to Cambridge Space Centre Limited, £65,000 (2022: £50,000) by Mantle (Abingdon) Ltd, £42,286 (2022: £42,286) by Jackson Management and £700,000 (2022: £Nil) owed by Pallium Estates Ltd, companies in which the directors have common control.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mantle Management LLP.