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REGISTERED NUMBER: 07837176 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

FOR

MOUNTGREEN LIMITED

MOUNTGREEN LIMITED (REGISTERED NUMBER: 07837176)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MOUNTGREEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2022







DIRECTORS: A M Freshwater
H Schneck





SECRETARY: H Schneck





REGISTERED OFFICE: 69 Watermint Quay
Craven Walk
Stamford Hill
London
N16 6DN





REGISTERED NUMBER: 07837176 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

MOUNTGREEN LIMITED (REGISTERED NUMBER: 07837176)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2022

30.11.22 30.11.21
Notes £    £   
FIXED ASSETS
Tangible assets 4 178 210
Investment property 5 10,577,588 8,861,341
10,577,766 8,861,551

CURRENT ASSETS
Stocks 15,769,154 12,691,832
Debtors 6 22,359,237 37,424,144
Cash at bank 72,362 8,421
38,200,753 50,124,397
CREDITORS
Amounts falling due within one year 7 (1,430,620 ) (8,326,742 )
NET CURRENT ASSETS 36,770,133 41,797,655
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,347,899

50,659,206

CREDITORS
Amounts falling due after more than one
year

8

(40,430,803

)

(43,793,778

)
NET ASSETS 6,917,096 6,865,428

CAPITAL AND RESERVES
Called up share capital 9 130 130
Retained earnings 10 6,916,966 6,865,298
SHAREHOLDERS' FUNDS 6,917,096 6,865,428

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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.

MOUNTGREEN LIMITED (REGISTERED NUMBER: 07837176)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2022


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 4 March 2024 and were signed on its behalf by:





H Schneck - Director


MOUNTGREEN LIMITED (REGISTERED NUMBER: 07837176)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

1. STATUTORY INFORMATION

Mountgreen 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 (£).


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 net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2021 - 1 ) .

MOUNTGREEN LIMITED (REGISTERED NUMBER: 07837176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2021
and 30 November 2022 432
DEPRECIATION
At 1 December 2021 222
Charge for year 32
At 30 November 2022 254
NET BOOK VALUE
At 30 November 2022 178
At 30 November 2021 210

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2021 8,861,341
Additions 1,716,247
At 30 November 2022 10,577,588
NET BOOK VALUE
At 30 November 2022 10,577,588
At 30 November 2021 8,861,341

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Trade debtors 12,341 435,643
Amounts owed by group undertakings 15,950,915 -
Other debtors 6,395,981 36,988,501
22,359,237 37,424,144

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Trade creditors 701,929 677,774
Other creditors 728,691 7,648,968
1,430,620 8,326,742

MOUNTGREEN LIMITED (REGISTERED NUMBER: 07837176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.22 30.11.21
£    £   
Bank loans 1,866,759 1,911,461
Other creditors 38,564,044 41,882,317
40,430,803 43,793,778

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,342,978 1,342,947

Repayable by instalments
Bank loans more 5 yr by instal 523,781 568,514

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.22 30.11.21
value: £    £   
130 Ordinary £1 130 130

10. RESERVES
Retained
earnings
£   

At 1 December 2021 6,865,298
Profit for the year 51,668
At 30 November 2022 6,916,966