REGISTERED NUMBER: 09846978 (England and Wales)

Evans Mann Properties Limited

Unaudited Financial Statements for the Year Ended 31 July 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D Evans

Mr T P Mann

REGISTERED OFFICE:

2a Penn Street

Wolverhampton

WV3 0JJ

REGISTERED NUMBER:

09846978 (England and Wales)

ACCOUNTANTS:

TAG Accountants Group Limited

Unit 8, Pendeford Place

Pendeford Business Park

Wobaston Road

Wolverhampton

WV9 5HD

FIXED ASSETS

Tangible assets

4

4,150

5,084

Investments

5

102

102

Investment property

6

7,480,376

6,994,818

7,484,628

7,000,004

CURRENT ASSETS

Debtors

7

859,668

873,992

Cash at bank and in hand

24,475

340,997

884,143

1,214,989

CREDITORS

Amounts falling due within one year

8

383,653

575,442

NET CURRENT ASSETS

500,490

639,547

TOTAL ASSETS LESS CURRENT LIABILITIES

7,985,118

7,639,551

CREDITORS

Amounts falling due after more than one year

9

(5,571,776

)

(5,260,339

)

PROVISIONS FOR LIABILITIES

11

(508,104

)

(508,104

)

NET ASSETS

1,905,238

1,871,108

CAPITAL AND RESERVES

Called up share capital

12

2

2

Revaluation reserve

13

1,524,312

1,524,312

Retained earnings

380,924

346,794

SHAREHOLDERS' FUNDS

1,905,238

1,871,108

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 22 April 2026 and were signed on its behalf by:

Mr D Evans - Director

Mr T P Mann - Director

1.	STATUTORY INFORMATION

Evans Mann Properties 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 (£).

All monetary amounts are rounded to the nearest pound.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements and estimates

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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 etc

-

25% on reducing balance

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate or if there is an indication of a significant change since the last reporting date.

At each balance sheet date, the directors review the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any and the asset is impaired accordingly.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 and subsequently transferred to the revaluation reserve.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the reporting date.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Borrowing costs

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of

transaction costs and the amount due on redemption being recognised as a charge to the Profit and Loss

Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Reserves

Profit and Loss account

This is the sum of all current and prior year retained profits and losses.

Revaluation reserve

The revaluation reserve is the sum of asset revaluations less deferred tax thereon, this is a non-distributable reserve.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2024

24,760

Additions

449

At 31 July 2025

25,209

DEPRECIATION

At 1 August 2024

19,676

Charge for year

1,383

At 31 July 2025

21,059

NET BOOK VALUE

At 31 July 2025

4,150

At 31 July 2024

5,084

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 August 2024

and 31 July 2025

102

NET BOOK VALUE

At 31 July 2025

102

At 31 July 2024

102

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Name of Undertaking

Registered Office

Class of Share held

Proportion of voting rights & shares held

Subsidiary Undertaking

2024

Evans Mann Commercial Ltd

Unit 2a Penn Street, Wolverhampton, WV3 0JJ

Ordinary

100%

EMP Summerfield House Limited

Unit 2a Penn Street, Wolverhampton, WV3 0JJ

Ordinary

100%

The principal activity of Evans Mann Commercial Ltd is buying and selling of own real estate.

The principal activity of EMP Summerfield House Limited is the construction and development of domestic buildings.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2024

6,994,818

Additions

485,558

At 31 July 2025

7,480,376

NET BOOK VALUE

At 31 July 2025

7,480,376

At 31 July 2024

6,994,818

Fair value at 31 July 2025 is represented by:

£

Valuation in 2016

293,222

Valuation in 2017

335,884

Valuation in 2018

42,108

Valuation in 2023

1,361,202

Cost

5,447,960

7,480,376

Tangible assets held at revaluation

The fair value of the Company's investment property portfolio was revalued by the Directors in July 2025 on the basis of open market value at £7,480,376 (2024: £6,994,818). If it had not been revalued it would have been included at the historical cost of £5,445,543 (2024: £4,962,402).

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

26,803

10,912

Amounts owed by group undertakings

782,886

807,269

Other debtors

49,979

55,811

859,668

873,992

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,328

6,328

Trade creditors

26,168

19,279

Amounts owed to group undertakings

262,110

469,420

Taxation and social security

57,883

52,379

Other creditors

31,164

28,036

383,653

575,442

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

5,216,817

5,217,798

Amounts owed to group undertakings

300,000

-

Other creditors

54,959

42,541

5,571,776

5,260,339

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

5,192,559

5,187,211

Repayable by instalments

Bank loan

-

5,274

10.	SECURED DEBTS

Various lenders have debentures in respect of all monies due or to become due from Evans Mann Properties Limited. These are secured by a fixed and floating charge over the undertaking and all property and asserts future and present including goodwill, bookdebts, uncalled capital, building fixtures, fixed plant and machinery, and in cases specific properties have been assigned as first charges, as per the following:

At the year end £904,061 (2024: £904,061) was owed to Paragon Bank PLC by Evans Mann Properties Limited, via various charges.

At the year end £3,289,446 (2024: £3,289,446) was owed to Hampshire Trust Bank PLC by Evans Mann Properties Limited, via various charges.

At the year end £999,205 (2024: 999,375) was owed to Kent Reliance formally Interbay Funding Limited by Evans Mann Properties Limited, via various charges.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

508,104

508,104

Deferred

tax

£

Balance at 1 August 2024

508,104

Property revaluation

Balance at 31 July 2025

508,104

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

1

2

2

13.

RESERVES

Revaluation

reserve

£

At 1 August 2024

and 31 July 2025

1,524,312

14.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year the company was charged by other companies under common control £24,000 (2024 - £13,400) in respect of services rendered.

Loans from related parties

At the year end £562,110 (2024 - £469,420) was due from the company to companies under common control..

These amounts have been advanced on an interest free basis, there are no fixed repayment terms for the loan facility provided by these related parties.

15.	ULTIMATE CONTROLLING PARTY

The company is under the control of the Board of Directors.