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REGISTERED NUMBER: 09879259 (England and Wales)











Financial Statements

for the Year Ended 30 June 2024

for

MANTLE (EPPING) LIMITED

MANTLE (EPPING) LIMITED (REGISTERED NUMBER: 09879259)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MANTLE (EPPING) LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr J A Baker
Mr G E Baker
Ms S F Bristow
Mr C J Bristow





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





REGISTERED NUMBER: 09879259 (England and Wales)





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

MANTLE (EPPING) LIMITED (REGISTERED NUMBER: 09879259)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 10,500,000 10,500,000

CURRENT ASSETS
Debtors 5 224,456 390,009
Cash at bank 316,470 292,607
540,926 682,616
CREDITORS
Amounts falling due within one year 6 1,250,016 1,320,233
NET CURRENT LIABILITIES (709,090 ) (637,617 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,790,910

9,862,383

CREDITORS
Amounts falling due after more than one year 7 5,717,002 5,990,343
NET ASSETS 4,073,908 3,872,040

CAPITAL AND RESERVES
Called up share capital 9 8 8
Revaluation reserve (622,432 ) (622,432 )
Retained earnings 4,696,332 4,494,464
SHAREHOLDERS' FUNDS 4,073,908 3,872,040

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.

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 28 March 2025 and were signed on its behalf by:




Mr J A Baker - Director


MANTLE (EPPING) LIMITED (REGISTERED NUMBER: 09879259)

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

1. STATUTORY INFORMATION

Mantle (Epping) 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

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.

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 NIL (2023 - NIL).

MANTLE (EPPING) LIMITED (REGISTERED NUMBER: 09879259)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 10,500,000
NET BOOK VALUE
At 30 June 2024 10,500,000
At 30 June 2023 10,500,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2020 (768,435 )
Cost 11,268,435
10,500,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 78,449 108,401
Other debtors 146,007 281,608
224,456 390,009

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts (see note 8) 295,182 295,066
Trade creditors 33,198 46,623
Amounts owed to group undertakings 762,078 682,078
Taxation and social security 73,289 72,524
Other creditors 86,269 223,942
1,250,016 1,320,233

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans (see note 8) 5,401,591 5,674,932
Other creditors 315,411 315,411
5,717,002 5,990,343

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,243,604 4,512,293

MANTLE (EPPING) LIMITED (REGISTERED NUMBER: 09879259)

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

8. 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 295,182 295,066

Amounts falling due between one and two years:
Bank loans - 1-2 years 295,198 295,066

Amounts falling due between two and five years:
Bank loans - 2-5 years 862,789 867,573

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,243,604 4,512,293

The banks loans are secured over the asset of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
8 Ordinary £1 8 8

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date company owed £315,411 (2023 : £315,411) to director.

11. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed an amount of £Nil (2023 : £242,078) to Coastwind Ltd , £440,000 (2023: £440,000) to The Officers' Mess Business Centre LLP, £286,078 (2023: £Nil) to Mantle Hertford and £36,000 (2023: £Nil) to Mantle Management LLP, companies related by virtue of the fact that they are under common control.