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REGISTERED NUMBER: 07147915 (England and Wales)











Financial Statements

for the Year Ended 30 June 2024

for

MANTLE (CHELMSFORD) LIMITED

MANTLE (CHELMSFORD) LIMITED (REGISTERED NUMBER: 07147915)






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 (CHELMSFORD) 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: 07147915 (England and Wales)





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

MANTLE (CHELMSFORD) LIMITED (REGISTERED NUMBER: 07147915)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 3,135,000 3,135,000

CURRENT ASSETS
Debtors 5 1,010,510 1,067,309
Cash at bank 50,898 14,174
1,061,408 1,081,483
CREDITORS
Amounts falling due within one year 6 2,302,756 2,434,333
NET CURRENT LIABILITIES (1,241,348 ) (1,352,850 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,893,652

1,782,150

CREDITORS
Amounts falling due after more than one year 7 15,899 20,727
NET ASSETS 1,877,753 1,761,423

CAPITAL AND RESERVES
Called up share capital 10 200 200
Revaluation reserve 781,984 781,984
Retained earnings 1,095,569 979,239
SHAREHOLDERS' FUNDS 1,877,753 1,761,423

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 (CHELMSFORD) LIMITED (REGISTERED NUMBER: 07147915)

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 June 2025 and were signed on its behalf by:





Mr G E Baker - Director


MANTLE (CHELMSFORD) LIMITED (REGISTERED NUMBER: 07147915)

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

1. STATUTORY INFORMATION

Mantle (Chelmsford) 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.

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 3 (2023 - 3 ) .

MANTLE (CHELMSFORD) LIMITED (REGISTERED NUMBER: 07147915)

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 3,135,000
NET BOOK VALUE
At 30 June 2024 3,135,000
At 30 June 2023 3,135,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2015 557,076
Valuation in 2017 475,000
Valuation in 2018 175,000
Valuation in 2019 453,411
Valuation in 2022 (880,000 )
Cost 2,354,513
3,135,000

5. DEBTORS
30.6.24 30.6.23
£    £   
Amounts falling due within one year:
Trade debtors 4,061 -
Amounts owed by associates 777,591 729,738
Other debtors 203,760 203,760
Deferred tax asset 24,308 24,308
Prepayments and accrued income 790 9,503
1,010,510 967,309

Amounts falling due after more than one year:
Other debtors - 100,000

Aggregate amounts 1,010,510 1,067,309

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts (see note 8) 10,000 10,000
Trade creditors 2,084 8,313
Amounts owed to associates 1,974,120 2,142,553
Tax 37,298 44,448
VAT 3,043 13,044
Accruals and deferred income 276,211 215,975
2,302,756 2,434,333

MANTLE (CHELMSFORD) LIMITED (REGISTERED NUMBER: 07147915)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans (see note 8) 15,899 20,727

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 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 5,899 10,727

9. DEFERRED TAX
£   
Balance at 1 July 2023 (24,308 )
Balance at 30 June 2024 (24,308 )

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
200 Ordinary £1 200 200

11. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £1,974,120 (2023: £42,500) by Mantle (Hertford) Ltd, £566,775 (2023: £554,303) by Jackson Management, £NIL (2023: £5,000) by Mantle (Abingdon) Ltd, £130,813 (2023: £127,935) by Mantle Estates LLP.

The company owed £NIL (2023: £2,142,553) to Mantle (Woodside) Ltd, £20,000 (2023: £Nil) to Coastwind Ltd, £60,000 (2023: £Nil) to Bailey Bridge Ltd.

The companies are related parties by virtue of the fact that they are under common control.