REGISTERED NUMBER: 09996671 (England and Wales)

Financial Statements

for the Year Ended 30 September 2025

for

Mandale Apartments 2 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R T Harriman

SECRETARIES:

Mrs P Davidson

J Darragh

REGISTERED OFFICE:

Mandale House Mandale Park

Urlay Nook Road

Eaglescliffe

Stockton on Tees

TS16 0TA

REGISTERED NUMBER:

09996671 (England and Wales)

SENIOR STATUTORY AUDITOR:

David Shawcross FCA

AUDITORS:

Anderson Barrowcliff Limited

Statutory Auditors

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

CURRENT ASSETS

Debtors

4

2,365,408

2,375,408

Cash at bank

6,471

3,331

2,371,879

2,378,739

CREDITORS

Amounts falling due within one year

5

864,411

866,406

NET CURRENT ASSETS

1,507,468

1,512,333

TOTAL ASSETS LESS CURRENT LIABILITIES

1,507,468

1,512,333

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

1,507,467

1,512,332

SHAREHOLDERS' FUNDS

1,507,468

1,512,333

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 29 June 2026 and were signed by:

R T Harriman - Director

1.	STATUTORY INFORMATION

Mandale Apartments 2 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 (£).

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.

Going concern

The company has now ceased trading. As required by the Financial Reporting Standard 102 Section 1A, the financial statements have been prepared on the basis that the company is no longer a going concern. No material adjustments arose as a result of ceasing to apply the going concern basis.The financial statements do not include any provision for the future costs of terminating the business of the company.

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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owing from group undertakings

2,231,486

2,241,486

Amounts owing from associated undertakings

133,922

133,922

2,365,408

2,375,408

As shown above, debtors include £2,365,408 (2024 : £2,375,408) owing from group and associated undertakings. Due to liquidity concerns within the property sector generally, and therefore within the group and associated debtor undertakings, the timescale for recovery of these debtor balances is unknown, but considered by the director to be greater than one year for a significant proportion of this amount. There are no formal terms of repayment for these balances.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

48

-

Taxation

-

2,043

Amounts owing to group undertakings

863,863

863,863

Accrued expenses

500

500

864,411

866,406

As shown above, creditors include £863,863 (2024 : £863,863 ) owing to group undertakings. The company is dependent upon the support of its group companies with regard to the timing of the payment of these group creditors. Given the liquidity concerns within the property sector generally, and therefore within the group and associated companies, the timescale for payment of these balances is unknown. There are no formal terms of payment for these group company balances.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

In forming our opinion on the financial statements, which is not modified, we draw attention to note 2 of the financial statements regarding the basis of preparation of these financial statements. These financial statements have been prepared by the directors on a basis other than that of a going concern. Whilst we feel it necessary to draw attention to this fact, our opinion is not modified in respect of this matter.

David Shawcross FCA (Senior Statutory Auditor)

for and on behalf of Anderson Barrowcliff LLP

8.	RELATED PARTY DISCLOSURES

There has been no movement in the related party balances during the year.

Other related parties - group companies

2025

2024

£

£

Provision of finance

(10,000

)

-

Balance at year end - debtor

2,231,486

2,241,486

Balance at year end - creditor

(863,863

)

(863,863

)

Other related parties - common control

2025

2024

£

£

Receipt of finance

-

-

Balance at year end - debtor

133,922

133,922

9.	POST BALANCE SHEET EVENTS

After the year end, the directors declared dividends totalling £1,500,000 (2024: £Nil). These dividends have not been provided for in the financial statements as they were not declared until after the reporting date.

10.	PARENT UNDERTAKING

The immediate and ultimate parent company is Mandale Homes Holdings Limited. These financial statements are included in the consolidated financial statements of Mandale Homes Holdings Limited. The parent's registered office address is the same as Mandale Apartments 2 Limited as detailed on the Company Information page.