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REGISTERED NUMBER: 11581233 (England and Wales)











Financial Statements

for the Year Ended 30 June 2024

for

MANTLE (ABINGDON) LIMITED

MANTLE (ABINGDON) LIMITED (REGISTERED NUMBER: 11581233)






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 (ABINGDON) LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr J A Baker
Mr G E Baker
Mr M J Chandler





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





REGISTERED NUMBER: 11581233 (England and Wales)





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

MANTLE (ABINGDON) LIMITED (REGISTERED NUMBER: 11581233)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 78,520 93,920
Investment property 5 9,100,000 9,100,000
9,178,520 9,193,920

CURRENT ASSETS
Debtors 6 104,070 148,088
Cash at bank 113,025 111,736
217,095 259,824
CREDITORS
Amounts falling due within one year 7 5,967,241 6,002,012
NET CURRENT LIABILITIES (5,750,146 ) (5,742,188 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,428,374

3,451,732

PROVISIONS FOR LIABILITIES 8 993,972 993,972
NET ASSETS 2,434,402 2,457,760

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 2,981,916 2,981,916
Retained earnings (547,614 ) (524,256 )
SHAREHOLDERS' FUNDS 2,434,402 2,457,760

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 (ABINGDON) LIMITED (REGISTERED NUMBER: 11581233)

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 G E Baker - Director


MANTLE (ABINGDON) LIMITED (REGISTERED NUMBER: 11581233)

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

1. STATUTORY INFORMATION

Mantle (Abingdon) 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 as modified by the revaluation of certain assets.

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.

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
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 July 2023 18,508 92,237 110,745
Additions - 4,230 4,230
At 30 June 2024 18,508 96,467 114,975
DEPRECIATION
At 1 July 2023 1,073 15,752 16,825
Charge for year 3,487 16,143 19,630
At 30 June 2024 4,560 31,895 36,455
NET BOOK VALUE
At 30 June 2024 13,948 64,572 78,520
At 30 June 2023 17,435 76,485 93,920

MANTLE (ABINGDON) LIMITED (REGISTERED NUMBER: 11581233)

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 9,100,000
NET BOOK VALUE
At 30 June 2024 9,100,000
At 30 June 2023 9,100,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2022 91,314
Cost 9,008,686
9,100,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 49,630 16,454
Prepayments and accrued income 54,440 131,634
104,070 148,088

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 236,549 248,272
Amounts owed to group undertakings 579,722 579,722
VAT 19,517 4,396
Other creditors 5,074,350 5,073,463
Accruals and deferred income 57,103 96,159
5,967,241 6,002,012

8. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 993,972 993,972

Deferred
tax
£   
Balance at 1 July 2023 993,972
Balance at 30 June 2024 993,972

MANTLE (ABINGDON) LIMITED (REGISTERED NUMBER: 11581233)

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

9. CALLED UP SHARE CAPITAL

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

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed an amount of £579,722 (2023: £260,000) to Mantle Hertford Limited, £Nil (2023: £104,722) to Coastwind Limited, £Nil (2023: £95,000) to Mantle Asset Management Limited, £Nil (2023: £15,000) to Mantle Saffron Limited, £Nil (2023: £5,000) to Mantle Chelmsford Limited, £Nil (2023: £50,000) to Mantle Space Limited and £Nil (2023: £35,000) to Cambridge Space Centre Limited, companies related by virtue of the fact that they are under common control.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mantle Estates LLP.