REGISTERED NUMBER: 11165877 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

NDM MANAGEMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N D Marshall

M L Marshall

REGISTERED OFFICE:

15 West Street

Brighton

East Sussex

BN1 2RL

REGISTERED NUMBER:

11165877 (England and Wales)

ACCOUNTANTS:

Galloways Accounting Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Investment property

4

8,411,416

8,689,000

CURRENT ASSETS

Debtors

5

44,370

51,405

Cash at bank

86,961

152,303

131,331

203,708

CREDITORS

Amounts falling due within one year

6

252,610

173,670

NET CURRENT (LIABILITIES)/ASSETS

(121,279

)

30,038

TOTAL ASSETS LESS CURRENT LIABILITIES

8,290,137

8,719,038

CREDITORS

Amounts falling due after more than one year

7

(4,053,114

)

(4,224,620

)

PROVISIONS FOR LIABILITIES

(71,146

)

(170,425

)

NET ASSETS

4,165,877

4,323,993

CAPITAL AND RESERVES

Called up share capital

3,455,720

3,455,720

Fair value reserve

339,261

511,271

Retained earnings

370,896

357,002

4,165,877

4,323,993

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 20 October 2026 and were signed on its behalf by:

N D Marshall - Director

1.	STATUTORY INFORMATION

NDM Management 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.

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 as modified by the revaluation of certain assets.

Turnover

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

Turnover represents rents received from investment property.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss and then transferred to a fair value reserve.

Financial instruments

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 in other administrative expenses.

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.

3.

EMPLOYEES

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

8,689,000

Additions

73,528

Disposals

(48,000

)

Revaluations

(303,112

)

At 31 March 2026

8,411,416

NET BOOK VALUE

At 31 March 2026

8,411,416

At 31 March 2025

8,689,000

The beneficial interest is held by the company for the properties held within the balance sheet.

If investment properties had not been revalued, they would have been included at the historical cost £8,126,832 (2025: £8,104,924).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

-

6,279

Other debtors

20,800

22,200

Prepayments and accrued income

23,570

22,926

44,370

51,405

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

171,592

103,422

Trade creditors

269

6,677

Tax

44,970

32,707

Other creditors

13,567

16,967

Directors' current accounts

10,490

10,178

Accruals and deferred income

11,722

3,719

252,610

173,670

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

298,273

62,837

Bank loans - 2-5 years

2,397,135

2,545,712

Bank loans more 5 yr by instal

1,357,706

1,616,071

4,053,114

4,224,620

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,357,706

1,616,071

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

4,224,706

4,328,042

Bank loans represent mortgages which are secured against the properties to which they relate.

9.	RELATED PARTY DISCLOSURES

Companies under common control

Amounts due by

Amounts due to

£

£

Opening balance

8,000

2,767

Amounts advanced

-

5,000

Amounts repaid

-

(7,000

)

Closing balance

8,000

767

These balances are included in debtors and creditors respectively.