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REGISTERED NUMBER: OC327138 (England and Wales)











Financial Statements

for the Year Ended 30 June 2024

for

MANTLE ESTATES LLP

MANTLE ESTATES LLP (REGISTERED NUMBER: OC327138)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MANTLE ESTATES LLP

General Information
for the Year Ended 30 June 2024







DESIGNATED MEMBERS: Mr J A Baker
Mr G E Baker





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





REGISTERED NUMBER: OC327138 (England and Wales)





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

MANTLE ESTATES LLP (REGISTERED NUMBER: OC327138)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 12,572,664 12,581,530
Investments 5 647 647
12,573,311 12,582,177

CURRENT ASSETS
Debtors 6 1,668,064 1,878,200
Cash at bank 91,789 184,565
1,759,853 2,062,765
CREDITORS
Amounts falling due within one year 7 1,566,864 1,662,642
NET CURRENT ASSETS 192,989 400,123
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,766,300

12,982,300

CREDITORS
Amounts falling due after more than one year 8 6,201,000 6,417,000
NET ASSETS ATTRIBUTABLE TO MEMBERS 6,565,300 6,565,300

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Revaluation reserve 6,565,300 6,565,300
6,565,300 6,565,300

TOTAL MEMBERS' INTERESTS
Members' other interests 6,565,300 6,565,300
Amounts due from members 6 (1,016,509 ) (757,492 )
5,548,791 5,807,808

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30 June 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

MANTLE ESTATES LLP (REGISTERED NUMBER: OC327138)

Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 27 June 2025 and were signed by:





Mr G E Baker - Designated member

MANTLE ESTATES LLP (REGISTERED NUMBER: OC327138)

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

1. STATUTORY INFORMATION

Mantle Estates LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 July 2023 12,500,000 132,758 - 12,632,758
Additions - - 3,659 3,659
At 30 June 2024 12,500,000 132,758 3,659 12,636,417
DEPRECIATION
At 1 July 2023 - 51,228 - 51,228
Charge for year - 12,230 295 12,525
At 30 June 2024 - 63,458 295 63,753
NET BOOK VALUE
At 30 June 2024 12,500,000 69,300 3,364 12,572,664
At 30 June 2023 12,500,000 81,530 - 12,581,530

MANTLE ESTATES LLP (REGISTERED NUMBER: OC327138)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 June 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
Valuation in 2020 6,565,300 - - 6,565,300
Cost 5,934,700 132,758 3,659 6,071,117
12,500,000 132,758 3,659 12,636,417

5. FIXED ASSET INVESTMENTS
Shares in Interest
group in joint
undertakings venture Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 343 304 647
NET BOOK VALUE
At 30 June 2024 343 304 647
At 30 June 2023 343 304 647

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 64,028 79,551
Amounts owed by group undertakings 181,383 588,661
Amounts due from members 1,016,509 757,492
Other debtors 3,271 -
VAT - 3,631
Prepayments and accrued income 402,873 448,865
1,668,064 1,878,200

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 4,862 231,183
Amounts owed to group undertakings 785,324 787,383
VAT 58,699 -
Other creditors 50,507 48,991
Accruals and deferred income 667,472 595,085
1,566,864 1,662,642

MANTLE ESTATES LLP (REGISTERED NUMBER: OC327138)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Other loans (see note 9) 6,201,000 6,417,000

9. LOANS

An analysis of the maturity of loans is given below:

30.6.24 30.6.23
£    £   
Amounts falling due between one and two years:
Loans 6,201,000 6,417,000

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £1 (2022: £1) to Mantle Dunmow Project Management Ltd, £Nil (2023: £,64,589) to Mantle (Woodside) Ltd, £Nil (2023: £14,760) to Thremhall Estates Ltd, £Nil (2023: £125,909) to Mantle Saffron Ltd, £Nil (2023: £127,935) to Mantle Chelmsford Ltd, £768,042 (2023: £89,916) to Mantle Hertford Ltd., £Nil (2023: £252,574) Cambridge Space Centre Ltd, £Nil (2023: £11,699) to Jackson Management.

The company was owed £174,383 (2023: £581,661) by The Officers' Mess Business Centre LLP, £7,000 (2023: £7,000) by Coastwind Ltd.

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