MANYDOWN GARDEN COMMUNITIES LLP

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Compass Accountants Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the reporting date the LLP has in place undrawn funding facilities of £1,340,000 (2023: £1,746,000) provided by the members. On 3 May 2024 MGC and its members entered into a Deed of Amendment extending the initial period for the facility from 4 years to 8 years. The members have concluded that with the right management and the availability of the aforementioned facility the LLP is a going concern for at least 12 months following the signature of the financial statements. Accordingly the members have prepared the financial statements on this basis”

Group structure

1. MANYDOWN GARDEN COMMUNITIES LLP · parent
   1. Manydown Development Vehicle LLP 50% · United Kingdom · Property Development

Significant events

• “Approval of the MDV Overarching Business Plan, Key Phase 1 Business Plan and commercial model. MGC agreed and transferred the day to day management of the development site to MDV. MGC also agreed that MDV should acquire 1,2,3 Worting Wood Cottages and the surrounding land to provide absolute certainty of having an unencumbered site which was completed in November 2024.”
• “Working with the MGC members (Basingstoke and Deane Borough Council and Hampshire County Council) to conclude negotiations with the freehold owner Manydown 2018 Limited, a company within The Manydown Company Limited group structure, and complete the acquisition of the development site in October 2024.”
• “Entering into an amended joint venture partnership agreement with MDV which reflected the deal agreed with Manydown 2018 Ltd. Through the partnership agreements, and with effect from 18 October, MGC agreed that MDV would undertake full day to day management of the development site, including the management of the farmhouse and ancillary buildings.”
• “Entering into an updated MGC LLP Members Agreement and approval to entering into the s278 Highway Agreements to enable works to construct the temporary construction accesses.”
• “The Board continued to meet with and monitor the work being progressed by U&C, as development manager (DM). The DM has drafted the Key Phase 1 application for submission to the Local Planning Authority which represents the next stage of the planning process to enable the discharge of planning conditions required to enable the delivery development.”
• “Looking ahead to 2025 the Board will be focused on enabling MDV to progress planning and infrastructure works and securing senior debt facility to reduce debt costs in-line with the Overarching Business Plan.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

1

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  -48.4%

  £285,236 → £147,290

• Net assets

  +15,454.8%

  £291,106 → £45,280,906

• Employees

  —

  Not reported

• Profit before tax

  -689.8%

  -£50,020 → -£395,039

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers