REGISTERED NUMBER: 08777476 (England and Wales)

MOUNT STUART MANAGEMENT SERVICES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2022

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr. S J Rose

REGISTERED OFFICE:

1st Floor Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

REGISTERED NUMBER:

08777476 (England and Wales)

ACCOUNTANTS:

Carston Chartered Accountants

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Intangible assets

4

1,000

2,000

Tangible assets

5

6,008

6,941

7,008

8,941

CURRENT ASSETS

Debtors

6

102,695

98,008

Cash at bank

4,385

3,411

107,080

101,419

CREDITORS

Amounts falling due within one year

7

73,887

38,875

NET CURRENT ASSETS

33,193

62,544

TOTAL ASSETS LESS CURRENT LIABILITIES

40,201

71,485

CREDITORS

Amounts falling due after more than one year

8

19,299

22,917

NET ASSETS

20,902

48,568

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

20,802

48,468

SHAREHOLDERS' FUNDS

20,902

48,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4th October 2023 and were signed by:

Mr. S J Rose - Director

1.	STATUTORY INFORMATION

Mount Stuart Management Services 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Improvements to property

-

10% straight line on cost

Computer equipment

-

20% straight line on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st December 2021

and 30th November 2022

10,000

AMORTISATION

At 1st December 2021

8,000

Amortisation for year

1,000

At 30th November 2022

9,000

NET BOOK VALUE

At 30th November 2022

1,000

At 30th November 2021

2,000

5.	TANGIBLE FIXED ASSETS

Improvements

to

Computer

property

equipment

Totals

£

£

£

COST

At 1st December 2021

and 30th November 2022

7,250

1,041

8,291

DEPRECIATION

At 1st December 2021

725

625

1,350

Charge for year

725

208

933

At 30th November 2022

1,450

833

2,283

NET BOOK VALUE

At 30th November 2022

5,800

208

6,008

At 30th November 2021

6,525

416

6,941

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

60,844

32,192

Other debtors

41,851

65,816

102,695

98,008

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

5,068

4,583

Trade creditors

3,729

656

Taxation and social security

56,700

31,692

Other creditors

8,390

1,944

73,887

38,875

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

19,299

22,917

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

100

Ordinary

£1

100

100