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REGISTERED NUMBER: 03574013 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Mountain Projects Limited

Mountain Projects Limited (Registered number: 03574013)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Mountain Projects Limited

Company Information
for the Year Ended 31 May 2023







Directors: Ms E A Morgan
Mr E D Mannix
Mr N H Morgan





Secretary: Ms E A Morgan





Registered office: Stirling House
139 Netheroyd Hill Road
Huddersfield
West Yorkshire
HD2 2LX





Registered number: 03574013 (England and Wales)





Accountants: Langricks (Holmfirth) Limited
4 Greenfield Road
Holmfirth
West Yorkshire
HD9 2JT

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Mountain Projects Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mountain Projects Limited for the year ended 31 May 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Mountain Projects Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mountain Projects Limited and state those matters that we have agreed to state to the Board of Directors of Mountain Projects Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mountain Projects Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mountain Projects Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mountain Projects Limited. You consider that Mountain Projects Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mountain Projects Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Langricks (Holmfirth) Limited
4 Greenfield Road
Holmfirth
West Yorkshire
HD9 2JT


19 September 2023

Mountain Projects Limited (Registered number: 03574013)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 662,978 723,274

CURRENT ASSETS
Debtors 5 3,414 70,293
Cash at bank 331,244 156,498
334,658 226,791
CREDITORS
Amounts falling due within one year 6 73,910 48,793
NET CURRENT ASSETS 260,748 177,998
TOTAL ASSETS LESS CURRENT
LIABILITIES

923,726

901,272

CAPITAL AND RESERVES
Called up share capital 5,100 5,100
Share premium 7 504,967 504,967
Special Reserve 7 270,928 252,348
Retained earnings 7 142,731 138,857
923,726 901,272

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

Mountain Projects Limited (Registered number: 03574013)

Balance Sheet - continued
31 May 2023


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 Board of Directors and authorised for issue on 19 September 2023 and were signed on its behalf by:





Mr N H Morgan - Director


Mountain Projects Limited (Registered number: 03574013)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Mountain Projects 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.

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

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

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 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 AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

Mountain Projects Limited (Registered number: 03574013)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
Cost or valuation
At 1 June 2022 2,343,295
Revaluations 42,948
At 31 May 2023 2,386,243
Depreciation
At 1 June 2022 1,620,021
Charge for year 73,947
Revaluation adjustments 29,297
At 31 May 2023 1,723,265
Net book value
At 31 May 2023 662,978
At 31 May 2022 723,274

Cost or valuation at 31 May 2023 is represented by:

Freehold
property
£   
Valuation in 0 2,386,243

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 3,414 70,293

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 97 -
Taxation and social security 35,500 15,744
Other creditors 38,313 33,049
73,910 48,793

Mountain Projects Limited (Registered number: 03574013)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. RESERVES

Other reserves contains a special reserve, which relates to the exchange difference on retranslation of Share Premium and Profit and Loss brought forward to the year end exchange rate.