REGISTERED NUMBER: 15897385 (England and Wales)

Unaudited Financial Statements

for the Period 14 August 2024 to 31 August 2025

for

MAHN PROPERTIES (ADAMS) LTD

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

1,334,068

CURRENT ASSETS

Debtors

5

52,118

Cash at bank and in hand

59,443

111,561

CREDITORS

Amounts falling due within one year

6

278,495

NET CURRENT LIABILITIES

(166,934

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,167,134

CREDITORS

Amounts falling due after more than one year

7

1,211,569

NET LIABILITIES

(44,435

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(44,535

)

(44,435

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 12 May 2026 and were signed by:

Mr N Mahn - Director

1.	STATUTORY INFORMATION

Mahn Properties (Adams) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

15897385

Registered office:

7 Marconi Gate

Stafford

Staffordshire

ST18 0FZ

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.

Tangible fixed assets

Freehold property is under development and is therefore stated at cost, including directly attributable expenditure. Costs are capitalised as incurred during the development phase. Upon completion, the property will be transferred to investment property and subsequently measured at fair value at each reporting date, with changes in fair value recognised in the profit and loss account.

No depreciation has been charged during the period in respect of the property, as the asset is not yet available for its intended use. Upon completion, the property will be classified as investment property and carried at fair value in accordance with the Company's accounting policy, with no depreciation charged thereafter.

Taxation

Taxation for the period 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 period 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 period was NIL.

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

Additions

1,334,068

At 31 August 2025

1,334,068

NET BOOK VALUE

At 31 August 2025

1,334,068

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

52,118

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

278,495

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

1,211,569

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

1,211,569

The investment property is subject to a fixed and floating charge in favour of the lender as security for the related loan and associated obligations of the company.

9.	RELATED PARTY DISCLOSURES

At the end of the financial year the company owes £241,004 to Mahn Properties Limited, a company under common control. The loan is currently interest free and with no fixed date of repayment.