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Company Registration No. NI657447 (Northern Ireland)
Mount Falcon Estates Limited Unaudited accounts for the year ended 30 November 2023
Mount Falcon Estates Limited Unaudited accounts Contents
Page
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Mount Falcon Estates Limited Company Information for the year ended 30 November 2023
Director
Todd Moore-Wilson
Company Number
NI657447 (Northern Ireland)
Registered Office
80 STRAND ROAD PORTSTEWART LONDONDERRY BT55 7LZ
Accountants
Campbell Ritchie Chartered Accountants Ltd 21 Warnocks Lane Coleraine Co. Londonderry BT52 1TH
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Mount Falcon Estates Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,465 
1,853 
Current assets
Inventories
473,785 
412,678 
Debtors
1,844 
2,575 
Cash at bank and in hand
6,517 
3,975 
482,146 
419,228 
Creditors: amounts falling due within one year
(476,105)
(395,300)
Net current assets
6,041 
23,928 
Net assets
16,506 
25,781 
Capital and reserves
Profit and loss account
16,506 
25,781 
Shareholders' funds
16,506 
25,781 
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 May 2024 and were signed on its behalf by
Todd Moore-Wilson Director Company Registration No. NI657447
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Mount Falcon Estates Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Mount Falcon Estates Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI657447. The registered office is 80 STRAND ROAD, PORTSTEWART, LONDONDERRY, BT55 7LZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 30 November 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
25% straight line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
2,316 
9,917 
12,233 
Additions
- 
12,100 
12,100 
Disposals
- 
(9,917)
(9,917)
At 30 November 2023
2,316 
12,100 
14,416 
Depreciation
At 1 December 2022
463 
9,917 
10,380 
Charge for the year
463 
3,025 
3,488 
On disposals
- 
(9,917)
(9,917)
At 30 November 2023
926 
3,025 
3,951 
Net book value
At 30 November 2023
1,390 
9,075 
10,465 
At 30 November 2022
1,853 
- 
1,853 
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Mount Falcon Estates Limited Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,844 
2,402 
Accrued income and prepayments
- 
173 
1,844 
2,575 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
5,000 
- 
Trade creditors
- 
31 
Other creditors
40,000 
40,000 
Loans from directors
428,680 
352,844 
Accruals
2,425 
2,425 
476,105 
395,300 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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