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REGISTERED NUMBER: 03015063 (England and Wales)











Financial Statements

for the Year Ended 30 June 2024

for

MANTLE HOLDINGS LIMITED

MANTLE HOLDINGS LIMITED (REGISTERED NUMBER: 03015063)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MANTLE HOLDINGS LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr J A Baker
Mr G E Baker





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





REGISTERED NUMBER: 03015063 (England and Wales)





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

MANTLE HOLDINGS LIMITED (REGISTERED NUMBER: 03015063)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,165 3,956
Investment property 5 3,005,150 3,005,150
3,008,315 3,009,106

CURRENT ASSETS
Debtors 6 109,563 126,248
Cash at bank 135,896 128,991
245,459 255,239
CREDITORS
Amounts falling due within one year 7 376,770 341,068
NET CURRENT LIABILITIES (131,311 ) (85,829 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,877,004

2,923,277

CREDITORS
Amounts falling due after more than one year 8 (1,430,999 ) (1,490,365 )

PROVISIONS FOR LIABILITIES 10 (150,790 ) (151,236 )
NET ASSETS 1,295,215 1,281,676

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 485,997 485,997
Retained earnings 809,118 795,579
SHAREHOLDERS' FUNDS 1,295,215 1,281,676

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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 HOLDINGS LIMITED (REGISTERED NUMBER: 03015063)

Balance Sheet - continued
30 June 2024


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 27 March 2025 and were signed on its behalf by:





Mr J A Baker - Director


MANTLE HOLDINGS LIMITED (REGISTERED NUMBER: 03015063)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Mantle Holdings 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 - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machiner
etc
£   
COST
At 1 July 2023
and 30 June 2024 5,679
DEPRECIATION
At 1 July 2023 1,723
Charge for year 791
At 30 June 2024 2,514
NET BOOK VALUE
At 30 June 2024 3,165
At 30 June 2023 3,956

MANTLE HOLDINGS LIMITED (REGISTERED NUMBER: 03015063)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 3,005,150
NET BOOK VALUE
At 30 June 2024 3,005,150
At 30 June 2023 3,005,150

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors - 13,680
Amounts owed by group undertakings 109,384 109,384
Other debtors 179 3,184
109,563 126,248

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts (see note 9) 68,800 68,800
Trade creditors 203 7,023
Amounts owed to group undertakings 184,000 177,000
VAT 9,181 8,879
Other creditors 75,899 76,366
Accruals and deferred income 38,687 3,000
376,770 341,068

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans (see note 9) 1,430,999 1,490,365

9. LOANS

An analysis of the maturity of loans is given below:

30.6.24 30.6.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 68,800 68,800

Amounts falling due between one and two years:
Bank loans - 1-2 years 68,800 68,800

MANTLE HOLDINGS LIMITED (REGISTERED NUMBER: 03015063)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. LOANS - continued
30.6.24 30.6.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 1,362,199 1,421,565

The bank loan is secured over the assets of the company.

10. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 150,790 151,236

Deferred
tax
£   
Balance at 1 July 2023 151,236
Credit to Income Statement during year (446 )
Balance at 30 June 2024 150,790

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

12. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed an amount of £109,384 (2023: £109,384) by Great Dunmow Estates Ltd, a company related by virtue of the fact that they are under common control.

At the balance sheet date, the company owed an amount of £184,000 (2023: £177,000) to Mantle (Hertford) Ltd, a company related by virtue of the fact that they are under common control.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G E Baker and Mr J A Baker.