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REGISTERED NUMBER: 12091674 (England and Wales)


















Mountsandel Holdings Ltd

Unaudited Financial Statements for the Year Ended 28 February 2023






Mountsandel Holdings Ltd (Registered number: 12091674)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mountsandel Holdings Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: R V Blair
Mrs H J Blair





REGISTERED OFFICE: Ridge Moor
5 Lake Side
Littleborough
Lancashire
OL15 0DD





REGISTERED NUMBER: 12091674 (England and Wales)





ACCOUNTANTS: Carter Collins & Myer Limited
Chichester House
2 Chichester Street
Rochdale
Lancashire
OL16 2AX

Mountsandel Holdings Ltd (Registered number: 12091674)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 769 768

CURRENT ASSETS
Debtors 5 3,018,873 2,999,900
Cash at bank 7,440,067 6,838,553
10,458,940 9,838,453
CREDITORS
Amounts falling due within one year 6 243,063 1,957
NET CURRENT ASSETS 10,215,877 9,836,496
TOTAL ASSETS LESS CURRENT LIABILITIES 10,216,646 9,837,264

CAPITAL AND RESERVES
Called up share capital 7 769 768
Retained earnings 8 10,215,877 9,836,496
SHAREHOLDERS' FUNDS 10,216,646 9,837,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 19 October 2023 and were signed on its behalf by:





R V Blair - Director


Mountsandel Holdings Ltd (Registered number: 12091674)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Mountsandel Holdings 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.

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.

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 AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2022 768
Additions 1
At 28 February 2023 769
NET BOOK VALUE
At 28 February 2023 769
At 28 February 2022 768

5. DEBTORS
28.2.23 28.2.22
£    £   
Amounts falling due within one year:
Other debtors 18,973 -

Mountsandel Holdings Ltd (Registered number: 12091674)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS - continued
28.2.23 28.2.22
£    £   
Amounts falling due after more than one year:
Other debtors 2,999,900 2,999,900

Aggregate amounts 3,018,873 2,999,900

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors (2 ) -
Tax 8,065 1,957
Other creditors 235,000 -
243,063 1,957

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
751 Ordinary £1 751 751
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
1 Ordinary E £1 1 1
1 Ordinary F £1 1 1
1 Ordinary G £1 1 1
1 Ordinary H £1 1 1
1 Ordinary I £1 1 1
1 Ordinary J £1 1 1
1 Ordinary K £1 1 1
1 Ordinary L £1 1 1
1 Ordinary M £1 1 1
1 Ordinary N £1 1 1
1 Ordinary O £1 1 1
1 Ordinary P £1 1 1
1 Ordinary Q £1 1 1
1 Ordinary R £1 1 -
769 768

The following shares were issued during the year for cash at par :

1 Ordinary R share of £1

8. RESERVES
Retained
earnings
£   

At 1 March 2022 9,836,496
Profit for the year 499,381
Dividends (120,000 )
At 28 February 2023 10,215,877