REGISTERED NUMBER: OC327138 (England and Wales)

Report of the Members and

Financial Statements

for the Year Ended 30 June 2025

for

MANTLE ESTATES LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

Mr J A Baker

Mr G E Baker

REGISTERED OFFICE:

The Priory Thremhall Park

Start Hill

Bishops Stortford

Hertfordshire

CM22 7WE

REGISTERED NUMBER:

OC327138 (England and Wales)

ACCOUNTANTS:

JLA Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

The members present their report with the financial statements of the LLP for the year ended 30 June 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of management and investment in property companies.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mr J A Baker

Mr G E Baker

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £210,080 (2024 - £46,472 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Mr G E Baker - Designated member

26 June 2026

TURNOVER

767,902

652,791

Cost of sales

245,000

235,000

GROSS PROFIT

522,902

417,791

Administrative expenses

140,976

118,396

381,926

299,395

Other operating income

317,064

291,717

OPERATING PROFIT

4

698,990

591,112

Interest receivable and similar income

849

337

699,839

591,449

Interest payable and similar expenses

489,759

544,977

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

210,080

46,472

FIXED ASSETS

Tangible assets

5

12,631,550

12,572,664

Investments

6

647

647

12,632,197

12,573,311

CURRENT ASSETS

Debtors

7

1,227,937

1,668,064

Cash at bank

111,786

91,789

1,339,723

1,759,853

CREDITORS

Amounts falling due within one year

8

1,421,620

1,566,864

NET CURRENT (LIABILITIES)/ASSETS

(81,897

)

192,989

TOTAL ASSETS LESS CURRENT LIABILITIES

12,550,300

12,766,300

CREDITORS

Amounts falling due after more than one year

9

5,985,000

6,201,000

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

6,565,300

6,565,300

TOTAL MEMBERS' INTERESTS

Members' other interests

6,565,300

6,565,300

Amounts due from members

7

(806,429

)

(1,016,509

)

5,758,871

5,548,791

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30 June 2025.

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.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 26 June 2026 and were signed by:

Mr G E Baker - Designated member

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

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

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

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3.	EMPLOYEE INFORMATION

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

4.	OPERATING PROFIT

The operating profit is stated after charging:

30.6.25

30.6.24

£

£

Depreciation - owned assets

11,258

12,525

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST OR VALUATION

At 1 July 2024

12,500,000

132,758

3,659

12,636,417

Additions

69,069

-

1,075

70,144

At 30 June 2025

12,569,069

132,758

4,734

12,706,561

DEPRECIATION

At 1 July 2024

-

63,458

295

63,753

Charge for year

-

10,395

863

11,258

At 30 June 2025

-

73,853

1,158

75,011

NET BOOK VALUE

At 30 June 2025

12,569,069

58,905

3,576

12,631,550

At 30 June 2024

12,500,000

69,300

3,364

12,572,664

Cost or valuation at 30 June 2025 is represented by:

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

Valuation in 2020

6,565,300

-

-

6,565,300

Cost

6,003,769

132,758

4,734

6,141,261

12,569,069

132,758

4,734

12,706,561

6.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in joint

undertakings

venture

Totals

£

£

£

COST

At 1 July 2024

and 30 June 2025

343

304

647

NET BOOK VALUE

At 30 June 2025

343

304

647

At 30 June 2024

343

304

647

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

18,065

64,028

Bad debts provision

(12,000

)

-

Amounts owed by group undertakings

441,974

181,383

Amounts due from members

806,429

1,016,509

Other debtors

3,271

3,271

Prepayments and accrued income

(29,802

)

402,873

1,227,937

1,668,064

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade creditors

8,033

4,862

Amounts owed to group undertakings

815,235

785,324

VAT

34,012

58,699

Other creditors

83,562

50,507

Accruals and deferred income

480,778

667,472

1,421,620

1,566,864

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Other loans (see note 10)

5,985,000

6,201,000

10.

LOANS

An analysis of the maturity of loans is given below:

30.6.25

30.6.24

£

£

Amounts falling due between one and two years:

Loans

5,985,000

6,201,000

11.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £1 (2024: £1) to Mantle Dunmow Project Management Ltd, £168,293 (2024: £168,293) to Mantle (Woodside) Ltd, £131,639 (2024: £128,742) to Mantle Saffron Ltd, £133,756 (2024: £130,813) to Mantle Chelmsford Ltd, £7,921 (2024: £357,475) to Mantle Hertford Ltd., £373,625 (2024: £Nil) to Jackson Management.

The company was owed £434,974 (2024: £174,383) by The Officers' Mess Business Centre LLP, £7,000 (2024: £7,000) by Coastwind Ltd.

The above are related parties by virtue of the fact that they are under common control.