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REGISTERED NUMBER: 04799227 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Mandale Freehold Limited

Mandale Freehold Limited (Registered number: 04799227)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mandale Freehold Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: D I Harriman





SECRETARIES: P Davidson
J Darragh





REGISTERED OFFICE: Mandale House Mandale Park
Urlay Nook Road
Eaglescliffe
Stockton on Tees
TS16 0TA





REGISTERED NUMBER: 04799227 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Mandale Freehold Limited (Registered number: 04799227)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 2,036 2,036

CREDITORS
Amounts falling due within one year 5 19,726 19,726
NET CURRENT LIABILITIES (17,690 ) (17,690 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,690

)

(17,690

)

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings (17,691 ) (17,691 )
SHAREHOLDERS' FUNDS (17,690 ) (17,690 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26 June 2025 and were signed by:





D I Harriman - Director


Mandale Freehold Limited (Registered number: 04799227)

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

1. STATUTORY INFORMATION

Mandale Freehold 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

Going concern
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.

Notwithstanding the company's net liabilities of £17,690 at 30 September 2024 (2023 : £17,690) the financial statements have been prepared on a going concern basis. This basis assumes the continuing support of the associated companies. The director has received confirmation of such support.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Owing from associated undertakings 2,036 2,036

Mandale Freehold Limited (Registered number: 04799227)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Owing to associated undertakings 19,138 19,138
Accrued expenses 588 588
19,726 19,726

As shown above, creditors include £19,138 (2023: £19,138) owing to associated undertakings. The company is dependent upon the support of its associated companies with regard to the timing of the payment of these associated company creditors. Given the liquidity concerns within the property sector generally, and therefore within the associated companies, the timescale for payment of these balances is unknown. The director considers that this will be more than one year from the balance sheet date for a significant proportion of these balances. There are no formal terms of payment for these associated company balances.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

7. RELATED PARTY DISCLOSURES

There has been no movement in the related party balances during the year.

Other related parties - common control

2024 2023
£    £   

Balance at year end - debtor 2,036 2.036
Balance at year end - creditor (19,138 ) (19,138 )

The above debtor balance at the year end is net of a bad debt provision of £Nil (2023 : £Nil).