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Registered Number: 04475299
England and Wales

 

 

 

MOUNTFAIR LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 November 2022

End date: 31 March 2024
 
 
Notes
 
2024
£
  2022
£
Fixed assets      
Intangible fixed assets 3 90,000    90,000 
Tangible fixed assets 4 453,334    456,028 
543,334    546,028 
Current assets      
Stocks   4,974 
Debtors 210,713    8,835 
Cash at bank and in hand 462,636    154,826 
673,349    168,635 
Creditors: amount falling due within one year (302,640)   (162,614)
Net current assets 370,709    6,021 
 
Total assets less current liabilities 914,043    552,049 
Creditors: amount falling due after more than one year (406,984)   (418,992)
Provisions for liabilities (897)   (772)
Net assets 506,162    132,285 
 

Capital and reserves
     
Called up share capital 298    298 
Profit and loss account 505,864    131,987 
Shareholders' funds 506,162    132,285 
 


For the period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 18 July 2024 and were signed on its behalf by:


-------------------------------
Mr Sandeep Dhrovekumar Chawla
Director
1
General Information
MOUNTFAIR LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04475299, registration address Office Gold, Building 3 Chiswick Park, 566 Chiswick High Road, London, W4 5YA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost .
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 2 Reducing Balance
Plant and Machinery 18 Reducing Balance
Fixtures and Fittings 18 Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees: 8
Average number of employees during the period was 8 (2022 : 16).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 November 2022 90,000    90,000 
Additions  
Disposals  
At 31 March 2024 90,000    90,000 
Amortisation
At 01 November 2022  
Charge for period  
On disposals  
At 31 March 2024  
Net book values
At 31 March 2024 90,000    90,000 
At 31 October 2022 90,000    90,000 


4.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Fixtures and Fittings   Total
  £   £   £   £
At 01 November 2022 621,279    206,771      828,050 
Additions   1,461    11,767    13,228 
Disposals      
At 31 March 2024 621,279    208,232    11,767    841,278 
Depreciation
At 01 November 2022 171,604    200,418      372,022 
Charge for period 12,654    1,533    1,735    15,922 
On disposals      
At 31 March 2024 184,258    201,951    1,735    387,944 
Net book values
Closing balance as at 31 March 2024 437,021    6,281    10,032    453,334 
Opening balance as at 01 November 2022 449,675    6,353      456,028 


2