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Company No: 13786265 (England and Wales)

MOUNTAIN VIEW INVESTMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

MOUNTAIN VIEW INVESTMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

MOUNTAIN VIEW INVESTMENTS LIMITED

BALANCE SHEET

As at 31 December 2023
MOUNTAIN VIEW INVESTMENTS LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 36,310 0
36,310 0
Current assets
Debtors 4 100 100
Cash at bank and in hand 13,589 0
13,689 100
Creditors: amounts falling due within one year 5 ( 1,200) 0
Net current assets 12,489 100
Total assets less current liabilities 48,799 100
Creditors: amounts falling due after more than one year 6 ( 49,012) 0
Net (liabilities)/assets ( 213) 100
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 313 ) 0
Total shareholders' (deficit)/funds ( 213) 100

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Mountain View Investments Limited (registered number: 13786265) were approved and authorised for issue by the Director on 20 September 2024. They were signed on its behalf by:

B Kalaria
Director
MOUNTAIN VIEW INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
MOUNTAIN VIEW INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Mountain View Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 98 Hillview Road, Pinner, HA5 4PE, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 January 2023 0 0
Additions 36,310 36,310
At 31 December 2023 36,310 36,310
Carrying value at 31 December 2023 36,310 36,310
Carrying value at 31 December 2022 0 0

4. Debtors

2023 2022
£ £
Other debtors 100 100

5. Creditors: amounts falling due within one year

2023 2022
£ £
Other creditors 1,200 0

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Other creditors 49,012 0

There are no amounts included above in respect of which any security has been given by the small entity.

7. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Amounts payable to related party 49,020 0

The above is unsecured, interest free and repayable on demand.