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REGISTERED NUMBER: 04467680 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

23 MOUNT STREET LIMITED

23 MOUNT STREET LIMITED (REGISTERED NUMBER: 04467680)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


23 MOUNT STREET LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: B SOLEIMANI





REGISTERED OFFICE: 23 MOUNT STREET
LONDON
W1K 2RP





REGISTERED NUMBER: 04467680 (England and Wales)





ACCOUNTANTS: GOLDWYNS
CHARTERED ACCOUNTANTS
109 BAKER STREET
LONDON
W1U 6RP

23 MOUNT STREET LIMITED (REGISTERED NUMBER: 04467680)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 747 809

CURRENT ASSETS
Debtors 5 96,914 97,079

CREDITORS
Amounts falling due within one year 6 73,392 57,496
NET CURRENT ASSETS 23,522 39,583
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,269

40,392

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 24,267 40,390
SHAREHOLDERS' FUNDS 24,269 40,392

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Expenses has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 14 November 2023 and were signed by:





B SOLEIMANI - Director


23 MOUNT STREET LIMITED (REGISTERED NUMBER: 04467680)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

23 MOUNT STREET 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 represents service charges and ground rent receivable by the Company in respect of each flat. The company acts as principal in the management of 23 Mount Street Ltd, W1K 2RP. Accordingly all relevant service charges transactions are recorded in the profit and loss account.

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

Short Leasehold - over the period of 32.5 years. Remaining useful life is 12 years.

Debtors and creditors receivable/ payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognized in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Short
leasehold
£   
COST
At 1 April 2022
and 31 March 2023 2,000
DEPRECIATION
At 1 April 2022 1,191
Charge for year 62
At 31 March 2023 1,253
NET BOOK VALUE
At 31 March 2023 747
At 31 March 2022 809

23 MOUNT STREET LIMITED (REGISTERED NUMBER: 04467680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other Debtors 2 2
Amounts due from leaseholders 58,858 80,558
Amounts held by managing agent 38,054 16,519
96,914 97,079

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other Creditors and Accruals 23,422 7,526
Sinking fund 43,000 43,000
Deferred Income 6,970 6,970
73,392 57,496

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary Shares £1 2 2

8. RESERVES
Retained
earnings
£   

At 1 April 2022 40,390
Profit for the year 3,183
Correction relating to prior
years service charges (19,306 )
At 31 March 2023 24,267

Reserves represent excess of contributions over expenses which are not distributable.