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REGISTERED NUMBER: 08872005 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2021 TO 30 JUNE 2022

FOR

MONT BLANC ESTATES LIMITED

MONT BLANC ESTATES LIMITED (REGISTERED NUMBER: 08872005)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2021 TO 30 JUNE 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MONT BLANC ESTATES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2021 TO 30 JUNE 2022







DIRECTOR: M Avital





SECRETARY: A Avital





REGISTERED OFFICE: 4th Floor
Charles House
108-110 Finchley road
London
NW3 5JJ





REGISTERED NUMBER: 08872005 (England and Wales)





ACCOUNTANTS: Numera Partners LLP
4th Floor
Charles House
108-110 Finchley Road
London
NW3 5JJ

MONT BLANC ESTATES LIMITED (REGISTERED NUMBER: 08872005)

BALANCE SHEET
30 JUNE 2022

30.6.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,018,459 1,018,459

CURRENT ASSETS
Cash at bank 381,580 22,662

CREDITORS
Amounts falling due within one year 5 567,995 185,682
NET CURRENT LIABILITIES (186,415 ) (163,020 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

832,044

855,439

CREDITORS
Amounts falling due after more than one year 6 312,080 631,806
NET ASSETS 519,964 223,633

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 519,864 223,533
519,964 223,633

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 October 2023 and were signed by:





M Avital - Director


MONT BLANC ESTATES LIMITED (REGISTERED NUMBER: 08872005)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2021 TO 30 JUNE 2022

1. STATUTORY INFORMATION

Mont Blanc Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£) and rounded to the nearest £.

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.

Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company, therefore continues to adopt the going concern policy in preparing its financial statements.

Turnover
Turnover represents net rental income receivable, excluding value added tax.

Taxation
Taxation for the period comprises of current 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.

Financial instruments
The company has elected to apply the provisions of section 11 'basic financial instruments' and section 12 'other financial instruments issues' of FRS 102 to all of its financial instruments.

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

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt , are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

MONT BLANC ESTATES LIMITED (REGISTERED NUMBER: 08872005)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2021 TO 30 JUNE 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2021
and 30 June 2022 1,018,459
NET BOOK VALUE
At 30 June 2022 1,018,459
At 31 March 2021 1,018,459

Freehold and leasehold property to the sum of £1,018,459 is included at fair value as valued by the director.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 31.3.21
£    £   
Amounts owed to group undertakings 430,680 -
Taxation and social security 69,509 3,557
Other creditors 67,806 182,125
567,995 185,682

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.22 31.3.21
£    £   
Other creditors 312,080 631,806

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 June 2022 and the year ended 31 March 2021:

30.6.22 31.3.21
£    £   
M Avital
Balance outstanding at start of period (11,742 ) (11,742 )
Amounts advanced 438 -
Amounts repaid (392 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (11,696 ) (11,742 )

8. RELATED PARTY DISCLOSURES

Included in creditors due within one year is an amount of £NIL (2021: £133,910) owed to one of the shareholders of the company.

9. SHAREHOLDERS' FUNDS

Included within retained earnings is £519,864 of which is all distributable to the shareholders.