Mannion Property Management Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08495316 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st July 2026

for

Mannion Property Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs Linda Rosemary Mannion

Mr Peter Terence Mannion

Mr Thomas Mannion

REGISTERED OFFICE:

Unit 6 Thornbury Office Park

Midland Way

Thornbury

Bristol

BS35 2BS

REGISTERED NUMBER:

08495316 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

-

Investment property

5

1,340,557

630,000

1,340,557

630,000

CURRENT ASSETS

Debtors

6

2,261

91,413

Cash at bank

7

64,273

100,576

66,534

191,989

CREDITORS

Amounts falling due within one year

8

613,090

434,837

NET CURRENT LIABILITIES

(546,556

)

(242,848

)

TOTAL ASSETS LESS CURRENT LIABILITIES

794,001

387,152

CREDITORS

Amounts falling due after more than one year

9

(491,604

)

(106,553

)

PROVISIONS FOR LIABILITIES

(59,733

)

(51,011

)

NET ASSETS

242,664

229,588

CAPITAL AND RESERVES

Called up share capital

12

100

Fair value reserve

13

177,154

150,853

Retained earnings

13

65,410

78,635

SHAREHOLDERS' FUNDS

242,664

229,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2026 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 19th October 2026 and were signed on its behalf by:

Mrs Linda Rosemary Mannion - Director

1.	STATUTORY INFORMATION

Mannion Property Management 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.

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.

The financial statements are presented in Pounds Sterling (£), which is the Company's functional and presentation currency.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company's accounting policies, 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 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 revision and future periods if the revision affects both current and future periods.

The following are the critical judgements and key sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year:

Impairment of trade debtors - The Company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment, management considers factors including the ageing profile of debtors and historical experience.

Useful economic lives of tangible fixed assets - The annual depreciation charge depends on the estimated useful lives of assets. The directors review these estimates regularly based on the current condition of the assets and expected future use.

Valuation of investment property - Investment property is measured at fair value, with changes recognised in profit or loss. The valuation is based on market conditions and may involve the use of external valuers and assumptions regarding yields and rental income.

Turnover

Turnover represents rental income receivable from investment properties and is recognised on a straight-line basis over the term of the lease.

All turnover is derived from customers based in the United Kingdom.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

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.

Financial instruments

The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments'.

Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets: Short-term debtors are measured at transaction price, less any impairment. Loans receivable are initially measured at transaction price (including transaction costs) and subsequently measured at amortised cost using the effective interest method, less any impairment.

Basic financial liabilities: Short-term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are initially measured at transaction price (including transaction costs) and subsequently measured at amortised cost using the effective interest method.

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.

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered the Company's financial position and are satisfied that it has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st August 2025

and 31st July 2026

6,871

DEPRECIATION

At 1st August 2025

and 31st July 2026

6,871

NET BOOK VALUE

At 31st July 2026

-

At 31st July 2025

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st August 2025

630,000

Additions

675,534

Revaluations

35,023

At 31st July 2026

1,340,557

NET BOOK VALUE

At 31st July 2026

1,340,557

At 31st July 2025

630,000

Fair value at 31st July 2026 is represented by:

£

Valuation in 2018

102,865

Valuation in 2020

14,000

Valuation in 2022

80,000

Valuation in 2023

(35,000

)

Valuation in 2024

40,000

Valuation in 2025

35,023

Cost

1,103,669

1,340,557

If investment properties had not been revalued they would have been included at the following historical cost:

31.7.26

31.7.25

£

Cost

1,103,669

428,135

investment properties were valued on an open market basis on 31st July 2026 by the directors of the company .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.26

31.7.25

£

Other debtors

2,261

91,413

7.	CASH AT BANK

Cash comprises cash in hand and demand deposits. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.26

31.7.25

£

Trade creditors

156

-

Amounts owed to group undertakings

363,222

190,358

Tax

6,583

2,624

Directors' current accounts

240,475

Accruals and deferred income

1,202

-

Accrued expenses

1,452

1,380

613,090

434,837

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.26

31.7.25

£

Bank loans more 5 yrs non-inst

491,604

106,553

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

491,604

106,553

10.	LEASING AGREEMENTS

The Company had no material commitments under non-cancellable operating leases at the balance sheet date.

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.26

31.7.25

£

Bank loans

491,604

106,553

The loans are secured against the investment properties held by the company.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.26

31.7.25

value:

£

5

Ordinary

£1

5

45

Ordinary B

£1

45

50

Ordinary C

£1

50

100

13.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1st August 2025

78,635

150,853

229,488

Profit for the year

13,076

Assets revalued in period

(26,301

)

26,301

-

At 31st July 2026

65,410

177,154

242,564

14.	CONTINGENT LIABILITIES

The Company had no contingent liabilities at the balance sheet date.

15.	RELATED PARTY DISCLOSURES

During the year, the company entered into the following transactions with related parties:

Directors’ loan account:

At the year end, the company owed £240,475 (2025: £240,475) to the directors. The balance is unsecured, interest-free and repayable on demand.

Amounts owed by group undertakings:

At the year end, £258,144 (2025: £200,644) was owed to Mannion Holdings Limited, a company under common control. The balance is unsecured, interest-free and repayable on demand.

At the year end, £105,078 (2025: £35,078) was owed to X-press Legal Services (Wessex) Limited, a company under common control. The balance is unsecured, interest-free and repayable on demand.

16.	POST BALANCE SHEET EVENTS

There have been no material events after the balance sheet date requiring disclosure in these financial statements.

17.	ULTIMATE CONTROLLING PARTY

The Company's ultimate controlling parties are Linda Rosemary Mannion and Thomas Mannion.