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REGISTERED NUMBER: 12558135 (England and Wales)















Unaudited Financial Statements for the Year Ended 29th April 2023

for

Mountstewart Accountants (Oldham)
Limited

Mountstewart Accountants (Oldham)
Limited (Registered number: 12558135)






Contents of the Financial Statements
for the Year Ended 29th April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mountstewart Accountants (Oldham)
Limited

Company Information
for the Year Ended 29th April 2023







DIRECTOR: C N Bailey





REGISTERED OFFICE: c/o OCG Accountants Limited
Coxwold Way
Billingham
TS23 4EA





REGISTERED NUMBER: 12558135 (England and Wales)






Mountstewart Accountants (Oldham)
Limited (Registered number: 12558135)

Balance Sheet
29th April 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 187,500 187,500

CURRENT ASSETS
Debtors 5 102,706 142,999
Cash at bank 37 13,021
102,743 156,020
CREDITORS
Amounts falling due within one year 6 (275,153 ) (328,011 )
NET CURRENT LIABILITIES (172,410 ) (171,991 )
TOTAL ASSETS LESS CURRENT LIABILITIES 15,090 15,509

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,990 15,409
15,090 15,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30th June 2023 and were signed by:




C N Bailey - Director


Mountstewart Accountants (Oldham)
Limited (Registered number: 12558135)

Notes to the Financial Statements
for the Year Ended 29th April 2023

1. STATUTORY INFORMATION

Mountstewart Accountants (Oldham) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

GOODWILL
The Goodwill is not amortised. In September 2020 an agreement was reached to sell the Goodwill over a period of time. The balance included in these accounts is, in the opinion of the Director, at least equal to the amount the Company will ultimately receive.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 3 ) .

Mountstewart Accountants (Oldham)
Limited (Registered number: 12558135)

Notes to the Financial Statements - continued
for the Year Ended 29th April 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30th April 2022
and 29th April 2023 187,500
NET BOOK VALUE
At 29th April 2023 187,500
At 29th April 2022 187,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors (401,428 ) (194,035 )
Amounts owed by group undertakings 280,600 113,500
Other debtors 223,534 223,534
102,706 142,999

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 275,153 328,011