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REGISTERED NUMBER: 02816029 (England and Wales)

MUTUALPHASE PROPERTY MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

MUTUALPHASE PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 02816029) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 May 2025

Page |

| Company information | 1 |

| Balance sheet | 2 |

| Notes to the financial statements | 4 |

| Chartered accountants' report | 6 |

| MUTUALPHASE PROPERTY MANAGEMENT LIMITED |

COMPANY INFORMATION

for the year ended 31 May 2025

| DIRECTORS: | Mr J M Needham

| Mr F B McPeake

| SECRETARY: | Mr J M Needham

| REGISTERED OFFICE: | Lygon House

| 50 London Road

| Bromley

| Kent

| BR1 3RA

| REGISTERED NUMBER: | 02816029 (England and Wales)

| ACCOUNTANTS: | Berringers LLP

| Chartered Accountants

| Lygon House

| 50 London Road

| Bromley

| Kent

| BR1 3RA

MUTUALPHASE PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 02816029) |

BALANCE SHEET

31 May 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 11,706 |  | 12,089 |  |

CURRENT ASSETS

Debtors | 5 | 15,345 |  | 14,789 |  |

Cash at bank and in hand | 86,742 |  | 101,816 |  |

102,087 |  | 116,605 |  |

CREDITORS

Amounts falling due within one year | 6 | 2,155 |  | 1,823 |  |

NET CURRENT ASSETS | 99,932 |  | 114,782 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 111,638 |  | 126,871 |  |

CAPITAL AND RESERVES

Called up share capital | 56 |  | 56 |  |

Share premium | 9,464 |  | 9,464 |  |

Retained earnings | 102,118 |  | 117,351 |  |

SHAREHOLDERS' FUNDS | 111,638 |  | 126,871 |  |

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

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

MUTUALPHASE PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 02816029) |

BALANCE SHEET - continued

31 May 2025

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2025 and were signed on its behalf by:

Mr J M Needham - Director

MUTUALPHASE PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 02816029) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 May 2025

1. | STATUTORY INFORMATION

| Mutualphase Property Management 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.

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.

| Turnover

| Turnover primarily represents maintenance contributions from shareholders, and other income associated with the company's property and its management.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings | - | 10% on reducing balance

| Taxation

| As a non-trading entity, the company is only liable to Corporation Tax on investment income, which is provided for in the period it relates to and recognised accordingly in the profit and loss account.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | and |

| property |  | fittings |  | Totals

£ | £ | £ |

| COST

| At 1 June 2024

| and 31 May 2025 | 8,256 |  | 48,734 |  | 56,990 |  |

| DEPRECIATION

| At 1 June 2024 | - |  | 44,901 |  | 44,901 |  |

| Charge for year | - |  | 383 |  | 383 |  |

| At 31 May 2025 | - |  | 45,284 |  | 45,284 |  |

| NET BOOK VALUE

| At 31 May 2025 | 8,256 |  | 3,450 |  | 11,706 |  |

| At 31 May 2024 | 8,256 |  | 3,833 |  | 12,089 |  |

MUTUALPHASE PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 02816029) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 May 2025

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 15,345 |  | 14,789 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Taxation and social security | 433 |  | 131 |  |

| Other creditors | 1,722 |  | 1,692 |  |

2,155 |  | 1,823 |  |

7. | RELATED PARTY DISCLOSURES

| The shares of Mutualphase Property Management Limited are owned by a large number of investors. No investor acting individually has the ability to control the activities of the company and consequently it is considered that there is no ultimate controlling party as defined by Financial Reporting Standard 102.

| During the year a company controlled by Mr J.M. Needham, his wife, provided services to the company amounting to £14,440 (2024: £14,067).

8. | CASH AT BANK

| The bank balance, representing service charge monies received by a residential management company in accordance with the terms of the lease agreement, is held in a statutory trust under Section 42 of the Landlord and Tenant Act 1987. It is not an asset of the company, however, until the overall correct accounting treatment of residential management companies has been finalised under Financial Reporting Exposure Draft 50 (Residential Management Companies' Financial Statements), draft Financial Reporting Council Abstract 1, the directors have decided that it should remain in the balance sheet.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

MUTUALPHASE PROPERTY MANAGEMENT LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mutualphase Property Management Limited for the year ended 31 May 2025 which comprise the Statement of income and retained earnings, Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Mutualphase Property Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mutualphase Property Management Limited and state those matters that we have agreed to state to the Board of Directors of Mutualphase Property Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mutualphase Property Management Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mutualphase Property Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Mutualphase Property Management Limited. You consider that Mutualphase Property Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mutualphase Property Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Berringers LLP

Chartered Accountants

Lygon House

50 London Road

Bromley

Kent

BR1 3RA

4 November 2025