REGISTERED NUMBER: 08240206 (England and Wales)

Financial Statements

for the Year Ended 30 September 2025

for

Mandale Homes North Yorkshire Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R T Harriman

SECRETARIES:

P Davidson

J Darragh

REGISTERED OFFICE:

Mandale House Mandale Park

Urlay Nook Road

Eaglescliffe

Stockton on Tees

TS16 0TA

REGISTERED NUMBER:

08240206 (England and Wales)

AUDITORS:

Anderson Barrowcliff Limited

Statutory Auditors

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Investments

3

41

41

CURRENT ASSETS

Debtors

4

392,263

3,308,404

Cash at bank

10,632

33,826

402,895

3,342,230

CREDITORS

Amounts falling due within one year

5

486,586

3,365,052

NET CURRENT LIABILITIES

(83,691

)

(22,822

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(83,650

)

(22,781

)

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

(83,651

)

(22,782

)

SHAREHOLDERS' FUNDS

(83,650

)

(22,781

)

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 13 August 2026 and were signed by:

R T Harriman - Director

1.	ACCOUNTING POLICIES

General information and basis of preparing the financial statements

Mandale Homes North Yorkshire Limited is a private limited company limited by shares incorporated in England, United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements. The nature of the company's operations and principal activities are set out in the Report of the Director on page 3.

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and the Republic of Ireland" (FRS102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going concern

Notwithstanding the company's net liabilities of £83,650 at 30 September 2025 (2024 : £22,781) the financial statements have been prepared on a going concern basis. This basis assumes the continuing support of the company's group and associated companies. The director has received confirmation of such support from the group and associated companies.

Preparation of consolidated financial statements

The financial statements contain information about Mandale Homes North Yorkshire Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Mandale Homes Holdings Limited, Mandale House, Mandale Park, Urlay Nook Road, Eaglescliffe, Stockton on Tees TS16 0TA.

Turnover

Turnover relating to the sales of properties is recognised at legal completion or when legal notice of completion has been issued and the property is subject to unconditional exchange.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 account.

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.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, which are described above, the directors are required to make judgements, estimates and assumptions about the carrying amounts 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

2.	EMPLOYEES AND DIRECTORS

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

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2024

and 30 September 2025

41

NET BOOK VALUE

At 30 September 2025

41

At 30 September 2024

41

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

177

407,601

Amounts owed by associated undertakings

-

2,328,229

Other debtors

373,576

540,969

VAT

18,510

31,565

Prepayments and accrued income

-

40

392,263

3,308,404

As shown above, debtors include £177 (2024 : £2,735,830) 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 directors 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

258

279

Amounts owed to group undertakings

434,763

3,041,021

Amounts owed to associated undertakings

42,312

309,743

Taxation

1,253

3,009

Accrued expenses

8,000

11,000

486,586

3,365,052

As shown above, creditors include £477,075 (2024 : £3,350,764) owing to group and associated undertakings. The company is dependent upon the support of its group and associated companies with regard to the timing of the payment of these group and associated company 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 associated and 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.

David Shawcross FCA (Senior Statutory Auditor)

for and on behalf of Anderson Barrowcliff Limited

8.	RELATED PARTY DISCLOSURES

During the year the company traded with the following related parties, and/or provided or received funds to assist or to be assisted with working capital requirements as necessary.

Other related parties - group companies

2025

2024

£

£

Net provision of finance

2,198,833

2,961,691

Balance at year end - debtor

177

407,601

Balance at year end - creditor

(434,763

)

(3,041,021

)

The above debtor balance at the year end is net of a bad debt provision of £522,491(2025: £522,491). A credit of £Nil (2024 : £Nil) was recognised in the profit and loss in respect of bad or doubtful debts.

Other related parties - common control

2025

2024

£

£

Development work (purchases)

(40,000

)

(225,000

)

Salaries/wages recharged

-

(127,755

)

Management charges

-

(64,739

)

Transfer of trading stock

-

505,529

Sale of development land

-

10,000

Net provision of finance

(2,020,797

)

784,121

Balance at year end - debtor

-

2,328,229

Balance at year end - creditor

(42,312

)

(309,743

)

The total remuneration for key management personnel for the year totalled £Nil (2024 : £Nil).

9.	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 3 Limited as detailed on the Company Information page.

On 11th March 2026, subsequent to the reporting date, the ultimate parent company transferred to AG IOM Holdings 2026 Limited as part of a group reorganisation. This represents a non-adjusting event under FRS 102. The new ultimate parent undertaking is incorporated in Isle of Man.