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REGISTERED NUMBER: 11165877 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

NDM MANAGEMENT LTD

NDM MANAGEMENT LTD (REGISTERED NUMBER: 11165877)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NDM MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: N D Marshall
M L Marshall





REGISTERED OFFICE: 15 West Street
Brighton
East Sussex
BN1 2RL





REGISTERED NUMBER: 11165877 (England and Wales)





ACCOUNTANTS: Galloways Accounting Limited
15 West Street
Brighton
East Sussex
BN1 2RL

NDM MANAGEMENT LTD (REGISTERED NUMBER: 11165877)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £   
FIXED ASSETS
Investment property 4 8,689,000 8,827,581

CURRENT ASSETS
Debtors 5 51,405 46,751
Cash at bank 152,303 11,055
203,708 57,806
CREDITORS
Amounts falling due within one year 6 (173,670 ) (447,851 )
NET CURRENT ASSETS/(LIABILITIES) 30,038 (390,045 )
TOTAL ASSETS LESS CURRENT LIABILITIES 8,719,038 8,437,536

CREDITORS
Amounts falling due after more than one year 7 (4,224,620 ) (4,575,900 )

PROVISIONS FOR LIABILITIES (170,425 ) (6,400 )
NET ASSETS 4,323,993 3,855,236

CAPITAL AND RESERVES
Called up share capital 3,455,720 3,455,720
Fair value reserve 511,271 19,007
Retained earnings 357,002 380,509
4,323,993 3,855,236

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 8 August 2025 and were signed on its behalf by:





N D Marshall - Director


NDM MANAGEMENT LTD (REGISTERED NUMBER: 11165877)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

NDM Management Ltd 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.

Turnover represents rents received from investment property.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss and then transferred to a fair value reserve.

Financial instruments
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 account in other administrative expenses.

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

The average number of employees during the year was NIL (2024 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 8,827,581
Disposals (697,250 )
Revaluations 558,669
At 31 March 2025 8,689,000
NET BOOK VALUE
At 31 March 2025 8,689,000
At 31 March 2024 8,827,581

The beneficial interest is held by the company for the properties held within the balance sheet.

NDM MANAGEMENT LTD (REGISTERED NUMBER: 11165877)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2021 25,407
Valuation in 2025 558,669
Cost 8,104,924
8,689,000

If investment property had not been revalued it would have been included at the following historical cost:

2025 2024
£    £   
Cost 8,104,924 8,802,174

Investment property was valued on an open market basis on 31 March 2025 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 6,279 5,179
Other debtors 22,200 22,680
Prepayments and accrued income 22,926 18,892
51,405 46,751

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 103,422 277,114
Trade creditors 6,677 3,125
Tax 32,707 25,570
Other creditors 16,967 15,895
Directors' current accounts 10,178 122,428
Accruals and deferred income 3,719 3,719
173,670 447,851

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 1-2 years 62,837 6,133
Bank loans - 2-5 years 2,545,712 1,893,384
Bank loans more 5 yr by instal 1,616,071 2,676,383
4,224,620 4,575,900

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,616,071 2,676,383

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 4,328,042 4,853,014

Bank loans represent mortgages which are secured against the properties to which they relate.

NDM MANAGEMENT LTD (REGISTERED NUMBER: 11165877)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


9. RELATED PARTY DISCLOSURES


Companies under common control
Amounts
due by

Amounts
due to
£ £
Opening balance 8,480 1,695
Amounts advanced - 2,767
Amounts repaid (480 ) (1,695 )
Closing balance 8,000 2,767
These balances are included in debtors and creditors respectively.