REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30 June 2024 |
for |
MANTLE ESTATES LLP |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 8 |
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 |
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 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 were approved by the members of the LLP and authorised for issue on |
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 |
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 |
Plant and machinery | - |
Fixtures and fittings | - |
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 |
Additions |
At 30 June 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for year |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
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 | 647 |
NET BOOK VALUE |
At 30 June 2024 | 647 |
At 30 June 2023 | 647 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.24 | 30.6.23 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Amounts due from members | 1,016,509 | 757,492 |
Other debtors |
VAT |
Prepayments and accrued income |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.24 | 30.6.23 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
VAT | 58,699 | - |
Other creditors |
Accruals and deferred income |
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) |
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 |
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. |