Acorah Software Products - Accounts Production 14.6.300 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 09294073 N Kelley P Kelley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09294073 2022-11-30 09294073 2023-11-30 09294073 2022-12-01 2023-11-30 09294073 frs-core:FurnitureFittings 2022-12-01 2023-11-30 09294073 frs-core:RevaluationReserve 2022-11-30 09294073 frs-core:RevaluationReserve 2023-11-30 09294073 frs-core:ShareCapital 2023-11-30 09294073 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 09294073 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 09294073 frs-bus:AbridgedAccounts 2022-12-01 2023-11-30 09294073 frs-bus:SmallEntities 2022-12-01 2023-11-30 09294073 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 09294073 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 09294073 frs-bus:Director1 2022-12-01 2023-11-30 09294073 frs-bus:Director2 2022-12-01 2023-11-30 09294073 frs-countries:EnglandWales 2022-12-01 2023-11-30 09294073 2021-11-30 09294073 2022-11-30 09294073 2021-12-01 2022-11-30 09294073 frs-core:RevaluationReserve 2022-11-30 09294073 frs-core:ShareCapital 2022-11-30 09294073 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 09294073
Mountrise Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 November 2023
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 09294073
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 811 979
Investment Properties 5 850,000 850,000
850,811 850,979
CURRENT ASSETS
Debtors 6,984 2,146
Cash at bank and in hand 17,154 18,068
24,138 20,214
Creditors: Amounts Falling Due Within One Year (712,514 ) (662,225 )
NET CURRENT ASSETS (LIABILITIES) (688,376 ) (642,011 )
TOTAL ASSETS LESS CURRENT LIABILITIES 162,435 208,968
PROVISIONS FOR LIABILITIES
Deferred Taxation (62,345 ) (62,345 )
NET ASSETS 100,090 146,623
CAPITAL AND RESERVES
Called up share capital 6 90 90
Revaluation reserve 7 328,134 328,134
Profit and Loss Account (228,134 ) (181,601 )
SHAREHOLDERS' FUNDS 100,090 146,623
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 November 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
P Kelley
Director
29/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Mountrise Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09294073 . The registered office is Lynx House, Ferndown, Northwood Hills, Middlsex, HA6 1PQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned renting the property.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Total
£
Cost
As at 1 December 2022 10,143
Additions 334
Disposals (597 )
As at 30 November 2023 9,880
Depreciation
As at 1 December 2022 9,164
Provided during the period 502
Disposals (597 )
As at 30 November 2023 9,069
Net Book Value
As at 30 November 2023 811
As at 1 December 2022 979
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Page 4
5. Investment Property
2023
£
Fair Value
As at 1 December 2022 and 30 November 2023 850,000
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 90 90
7. Reserves
Revaluation Reserve
£
As at 1 December 2022 328,134
As at 30 November 2023 328,134
Page 4