REGISTERED NUMBER: 01454486 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Mandol Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W T A Winters

Mrs A Winters

R A M Winters

I C M Winters

Miss G A M Winters

A P M Winters

SECRETARY:

W T A Winters

REGISTERED OFFICE:

Valley Farm

Sayers Common

Hassocks

West Sussex

BN6 9JQ

REGISTERED NUMBER:

01454486 (England and Wales)

ACCOUNTANTS:

Clamp Boxall Ltd

88 Boundary Road

Hove

East Sussex

BN3 7GA

FIXED ASSETS

Tangible assets

4

1,082,883

1,095,318

Investment property

5

3,167,028

3,191,642

4,249,911

4,286,960

CURRENT ASSETS

Stocks

19,050

15,600

Debtors

6

37,211

44,695

Prepayments and accrued income

9,476

8,924

Cash at bank and in hand

7,490

2,215

73,227

71,434

CREDITORS

Amounts falling due within one year

7

396,349

416,279

NET CURRENT LIABILITIES

(323,122

)

(344,845

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,926,789

3,942,115

CREDITORS

Amounts falling due after more than one year

8

(795,244

)

(852,178

)

PROVISIONS FOR LIABILITIES

(501,151

)

(509,647

)

ACCRUALS AND DEFERRED INCOME

(7,786

)

(8,091

)

NET ASSETS

2,622,608

2,572,199

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

10

284,666

291,138

Fair value reserve

10

1,567,497

1,586,724

Retained earnings

770,345

694,237

SHAREHOLDERS' FUNDS

2,622,608

2,572,199

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 4 August 2026 and were signed on its behalf by:

W T A Winters - Director

1.	STATUTORY INFORMATION

Mandol Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at fair value of the consideration received or receivable, excluding discounts where applicable, rebates, and value added tax.

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 etc

-

25% on reducing balance and Straight line over 20 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable values after making due allowance for obsolete or slow-moving stocks.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and other investments.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 January 2025

1,067,713

159,460

1,227,173

Impairments

(8,629

)

-

(8,629

)

At 31 December 2025

1,059,084

159,460

1,218,544

DEPRECIATION

At 1 January 2025

-

131,855

131,855

Charge for year

-

3,806

3,806

At 31 December 2025

-

135,661

135,661

NET BOOK VALUE

At 31 December 2025

1,059,084

23,799

1,082,883

At 31 December 2024

1,067,713

27,605

1,095,318

Land and buildings were valued on an open market basis by the Directors.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

3,191,642

Impairments

(24,614

)

At 31 December 2025

3,167,028

NET BOOK VALUE

At 31 December 2025

3,167,028

At 31 December 2024

3,191,642

Land and buildings were valued on an open market basis by the Directors.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

37,211

44,695

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

93,315

93,425

Trade creditors

3,435

1,500

Taxation and social security

34,544

34,795

Other creditors

265,055

286,559

396,349

416,279

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

750,470

799,006

Other creditors

44,774

53,172

795,244

852,178

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - 5 and more years

397,181

433,972

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank loans

843,785

892,321

The company's indebtedness is secured by charges over the company's freehold property.

10.

RESERVES

Fair

Revaluation

value

reserve

reserve

Totals

£

£

£

At 1 January 2025

291,138

1,586,724

1,877,862

Revaluation in the year

(6,472

)

-

(6,472

)

Investment property

-

(19,227

)

(19,227

)

At 31 December 2025

284,666

1,567,497

1,852,163