Manchester Associated Mills Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 01675483

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		789,084		839,084

			789,084		839,084
CURRENT ASSETS
Debtors	5	4,014,129		4,006,390
Investments	6	272,877		291,282
Cash at bank and in hand		19,049		316

		4,306,055		4,297,988
Creditors: Amounts Falling Due Within One Year	7	(65,975 )		(148,251 )

NET CURRENT ASSETS (LIABILITIES)			4,240,080		4,149,737

TOTAL ASSETS LESS CURRENT LIABILITIES			5,029,164		4,988,821

Creditors: Amounts Falling Due After More Than One Year	8		(2,502,416 )		(2,513,064 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(25,912 )		(25,912 )

NET ASSETS			2,500,836		2,449,845

CAPITAL AND RESERVES
Called up share capital	9		300		300
Revaluation reserve	10		59,116		59,116
Capital redemption reserve			100		100
Profit and Loss Account			2,441,320		2,390,329

SHAREHOLDERS' FUNDS			2,500,836		2,449,845

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Manchester Associated Mills Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Jonathan Shasha

Director

20/07/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Manchester Associated Mills Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01675483 . The registered office is Linden Court House, 52 Liverpool Street, Salford, Lancashire, M5 4LT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

REVENUE RECOGNITION

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

INVESTMENTS

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.4. Taxation

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

2.5. Trade Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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Manchester Associated Mills Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Trade Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

2.7. Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

4. Investment Property

	2026
	£
Fair Value
As at 1 April 2025	839,084
Revaluations	(50,000)

As at 31 March 2026	789,084

Investment properties are initially recorded at cost, which includes purchase price and any directly attributable expenditure. An impairment review of the properties is carried out every year and is summarised below:

Year ending 31 March 2018 250,000

Year ending 31 March 2019 150,000

Year ending 31 March 2020 50,000

Year ending 31 March 2021 200,000

Year ending 13 March 2022 400,000

Year ending 31 March 2023 100,000

Year ending 31 March 2024 50,000

Year ending 31 March 2025 50,000

------------

Total at 31 March 2025 1,250,000

Year ending 31 March 2026 50,000

------------

Total at 31 March 2026 1,300,000

------------

Fair value at 31 March 2026 is represented by a valuation in 2026 of £789,94 (2025; £839,084)

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	4,014,129	4,006,390

Trade debtors comprise balances outstanding on loan advances at the balance sheet date together with interest accrued to that date designated at fair value. Some of the loan advances were repayable after more than one year.

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Manchester Associated Mills Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Current Asset Investments

	2026	2025
	£	£
Listed investments	127,313	124,798
Other investments, held for sale	145,564	166,484

	272,877	291,282

Listed investments comprise securities which are stated at the lower of cost and market value.

Other investments, held for sale are investments in joint ventures.

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	-	1,020
Bank loans and overdrafts	-	47,754
Other creditors	25,678	26,792
Taxation and social security	40,297	72,685

	65,975	148,251

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Other creditors	2,502,416	2,513,064

Of the creditors falling due after more than one year the following amounts are due after more than five years.

The bank loan of £2,416 (2025 - £13,064) is for a 6 year term, being interest free for the first year and then carrying interest at 2.5% pa. It is repayable by equal monthly instalments between year 2 to year 6.

	2026	2025
	£	£
Bank loans	2,416	13,064
Other Creditors	2,500,000	2,500,000

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	300	300

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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Manchester Associated Mills Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

10. Reserves

	Revaluation reserve	Capital Redemption	Profit and Loss Account
	£	£	£
As at 1 April 2025	59,116	100	2,390,329
Profit for the year and total comprehensive income	-	-	50,991

As at 31 March 2026	59,116	100	2,441,320

The revaluation reserve records the value of asset revaluations, net of deferred tax, and comprises the following:

Rope Walk llp £59,116 (2025; £59,116)

11. Factors that may affect future tax charges

The company has capital losses to carry forward against future capital profits amounting to £242,879 (2025: £242,879).

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