Registration number:
Mountview Private Finance Ltd
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Mountview Private Finance Ltd
Contents
Company Information |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Mountview Private Finance Ltd
Company Information
Director |
G O Rankin |
Registered office |
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Accountants |
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Mountview Private Finance Ltd
Statement of Financial Position as at 30 June 2022
Note |
2022 |
2021 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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- |
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Creditors: Amounts falling due within one year |
( |
- |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
- |
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Net (liabilities)/assets |
( |
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Capital and reserves |
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Called up share capital |
1 |
1 |
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Retained earnings |
(155,792) |
- |
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Shareholders' (deficit)/funds |
(155,791) |
1 |
For the financial year ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Approved and authorised by the
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G O Rankin
Director
Company registration number: 11402597
Mountview Private Finance Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal activity of the company is that of the provision of consultancy services in respect of renewable energy projects.
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Going concern
Although the company had net liabilities at 30 June 2022 amounting to £155,791, it had net current assets of £16,673 with the loan notes shown within creditors due after more than one year initially not repayable until June 2024 at which point terms were extended until June 2025 and June 2026.
The company has few fixed overheads with limited working capital requirements and the director believes that the provision of consultancy services will commence shortly.
Accordingly, on the basis of the above, the director believes the company has sufficient resources to remain in operational existence for the foreseeable future and continues to adopt the going concern basis in preparing the financial statements.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Mountview Private Finance Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022
Staff numbers |
The average number of persons employed by the company during the year, was
Debtors |
2022 |
2021 |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
2022 |
2021 |
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Trade creditors |
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- |
Accruals and deferred income |
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- |
Loan notes |
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- |
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- |
Creditors: amounts falling due after more than one year
2022 |
2021 |
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Loan notes |
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The loan notes are secured by a fixed and floating charge over the assets and undertakings of the company.
Transactions with directors |
At 30 June 2022 an amount of £58,311 (2021: £Nil) was due from the director. During the year there were advances of £59,431 and repayments of £1,120. Interest of £930 (2021: £Nil) is payable to the company at 2.00% p.a. and there are no agreed terms.