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REGISTERED NUMBER: 05752770 (England and Wales)











Financial Statements

for the Year Ended 30 June 2024

for

MANTLE (SAFFRON) LIMITED

MANTLE (SAFFRON) LIMITED (REGISTERED NUMBER: 05752770)






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 (SAFFRON) 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: 05752770 (England and Wales)





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

MANTLE (SAFFRON) LIMITED (REGISTERED NUMBER: 05752770)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 3,520,000 3,520,000

CURRENT ASSETS
Debtors 5 774,836 1,298,669
Cash at bank 136,541 157,703
911,377 1,456,372
CREDITORS
Amounts falling due within one year 6 1,954,850 2,561,053
NET CURRENT LIABILITIES (1,043,473 ) (1,104,681 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,476,527

2,415,319

PROVISIONS FOR LIABILITIES 7 250,930 250,930
NET ASSETS 2,225,597 2,164,389

CAPITAL AND RESERVES
Called up share capital 8 200 200
Other reserves 1,494,070 1,494,070
Retained earnings 731,327 670,119
SHAREHOLDERS' FUNDS 2,225,597 2,164,389

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 (SAFFRON) LIMITED (REGISTERED NUMBER: 05752770)

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 J A Baker - Director


MANTLE (SAFFRON) LIMITED (REGISTERED NUMBER: 05752770)

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

1. STATUTORY INFORMATION

Mantle (Saffron) 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 (SAFFRON) LIMITED (REGISTERED NUMBER: 05752770)

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 3,520,000
NET BOOK VALUE
At 30 June 2024 3,520,000
At 30 June 2023 3,520,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2018 1,105,000
Valuation in 2019 710,000
Valuation in 2022 (70,000 )
Cost 1,775,000
3,520,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors - 29,377
Amounts owed by associates 627,761 1,119,928
Other debtors 147,075 147,075
Prepayments and accrued income - 2,289
774,836 1,298,669

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors - 12,148
Amounts owed to associates 1,480,026 2,221,399
Tax 20,777 26,392
VAT 433 14,498
Other creditors 4,861 4,861
Accruals and deferred income 448,753 281,755
1,954,850 2,561,053

7. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax
Other timing differences 250,930 250,930

MANTLE (SAFFRON) LIMITED (REGISTERED NUMBER: 05752770)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2023 250,930
Balance at 30 June 2024 250,930

8. CALLED UP SHARE CAPITAL

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

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £NIL (2023: £424,440) by Mantle Space Ltd, £128,742 (2023: £125,909) by Mantle Estates LLP, £NIL (2023: £15,000) by Mantle Abingdon Ltd, £20,000 (2023: £135,000) by Coastwind Ltd, £429,019 (2023: £419,579) by Jackson Management, £50,000 (2023: £NIL) by Bailey Bridge Ltd.

The company owed £Nil (2023: £2,221,399) to Mantle (Woodside) Ltd, £1,480,026 (2023: £Nil) to Mantle Hertford Ltd

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